Discuss and explain the role of ethics and values in the business environment and describe how accounting processes and procedures may impact and be impacted by ethics and values.

Purpose, Background, and General Criteria:

This assignment is designed to help build your understanding of the material through focused critical thinking. This assignment is to be completed without direct assistance from a third party and will be validated through “Turn It In” during the grading process. The intent of the assignment is to increase the authentic conceptual learning of each student. You may use your book or internet research as a resource, but you should construct your answer individually with your own words and thoughts. Cite your source(s) by name and/or website link to information.
Content, concept application, and writing quality will impact your grade. Your essay should be approximately 2 pages in length. You are not required to follow any strict professional writing format, but you must use complete sentences, proper punctuation, and cite the work of others used in your work. Please submit your written assignments via the appropriate Assignments Folder in D2L.

Writing Assignment Instructions:
Chapter 4 covers internal controls and ethics. It is important for business students to understand the role of internal controls in the business environment and to develop an ethical decision-making model and a sense of good ethical behavior. This assignment is intended to help you progress toward this Coles College objective: Discuss and explain the role of ethics and values in the business environment and describe how accounting processes and procedures may impact and be impacted by ethics and values.
Part 1 – Internal Control
Describe what an internal control is. Provide three examples of organizations in which you, personally, have observed internal controls being followed – or not followed. Tell whether you think these organizations have strong or weak internal control systems. Explain why you think each organization does or does not have strong internal controls. Include your thoughts about the importance of every employee’s contribution to the control environment.
Part 2 – Ethics and Fraud
Briefly describe what ethics are and why you think high ethical standards are an attribute that Kennesaw State University expects of its students. In addition, briefly describe how you think the same ethical standards apply to the business environment. Include in your answer a description of the fraud triangle and how you think the fraud triangle is related to both internal controls and ethics.
Part 3 – Ethics and Cheating
Review the class syllabus statements concerning Academic Integrity and relate them to the university’s internal control system. How do you think “cheating” or acts of academic dishonesty that occur in your academic environment impact the value of your education and the value of your college degree? How do KSU’s Academic Integrity Policies protect the university? How do they protect students? Include your thoughts about the importance of your role and the role of your instructor in maintaining the university’s control environment. Do you think that a student who commits acts of academic dishonesty can be a trustworthy business partner in the future?

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