Ethics of Accounting and Finance

W. MICHAEL HOFFMAN is Executive Director of the Center for Business Ethics and Professor of Philosophy at Bentley College. He is a coauthor, with Dr. Kamm, Dr. Frederick, and Dr. Petry, of the Quorum book Emerging Global Business Ethics (1994), and with Dr. Frederick and Dr. Petry, of the Quorum books Business, Ethics, and the Environment (1990), The Corporation, Ethics, and the Environment (1990), and The Ethics of Organizational Transformation (1989).JUDITH BROWN KAMM is Program Coordinator of the Center for Business Ethics and Professor of Management at Bentley College. She is a coauthor, with Dr. Hoffman, Dr. Frederick, and Dr. Petry, of the Quorum book Emerging Global BUsiness Ethics (1994).ROBERT E. FREDERICK is Research Scholar at the Center for Business Ethics and Associate Professor of Philosophy at Bentley College. He is a coauthor, with Dr. Hoffman, Dr. Kamm, and Dr. Petry, of the Quorum books Emerging Global Business Ethics (1994), and with Dr. Hoffman and Dr. Petry, of the Quorum books Business, Ethics and the Environment (1990), The Corporations, Ethics, and the Environment (1990), and The Ethics of Organizational Transformation (1989).EDWARD S. PETRY is Executive Director of the Ethics Officer Association, Senior Research Associate at the Center for Business Ethics and Associate Professor of Philosophy at Bentley College. He is a coauthor, with Dr. Hoffman, Dr. Kamm, and Dr. Frederick, of the Quorum book Emerging Global Business Ethics (1994), and with Dr. Hoffman and Dr. Petry, of the Quorum books Business, Ethics, and the Environment (1990), The Corporation, Ethics, and the Environment (1990), and The Ethics of Organizational Transformation (1989).

• Figures and Tables Acknowledgments Introduction by Robert E. Frederick and Judith Brown Kamm Ethics, Fiduciary Responsibilities, and Conflicts of Interest Defining Trust in Fiduciary Responsiblities by Richard N. Ottaway In Defense of Finance: Understanding Fiduciary Responsibility and Conflicts of Interest by Elaine Sternberg Should Mutual Fund Managers Be Banned From Personal Trading? by Ronald F. Duska Fiduciary Responsiblity and the Duty to Account for Clients' Funds by Franklyn P. Salimbene and Gerald R. Ferrera Some Ethical Issues in Financial Markets by Particia H. Werhane Ethics and Financial Disclosure Ethical Issues in Financial Reporting for Nonprofit Healthcare Organizations by Nancy M. Kane The Ethical Implication of Financial Derivatives by David Mosso Confidentiality in a Professional Context with Especial Reference to the Accounting Profession in Australia by P. B. Judd Trust, Responsiblity, and Control: Cases and Analyses Accounting for Fraud: Auditors' Ethical Dilemmas in the BCCI Affair by Nikos Passas Was Maintaining the Executive Payroll at PLT an Example of Auditor Independence? by Gary Tidwell From Monitor to Master? Ethical Comments on the Regulation of Fraud Notification by Accountants by H. J. L. van Luijk Unique Ethics Challenges in Defense Industry Auditing by Harry W. Britt The Critical Oversight Role of the Audit Committee by Curtis C. Verschoor Why Banks Fail by Mark Cheffers Lessons from the Past and a Look Toward the Future The Ethics of Financial Derivatives in the History of Economic Thought by Jay C. Lacke Accounting Ethics and The Traditional Jewish Perspective by Rabbi Gordon M. Cohn The Development of Moral Reasoning and Professional Judgment of Auditors in Public Practice by Daniel Brugman and Marcelle E. W. Weisfelt Trust Is Good Business by Christopher Eklund Index