Federal Aviation Administrations Oversight Functions

Federal aviation administration oversight functions

Business ethics relates to the laws and regulations , ethnicity and the programmes that are constantly used in to find their status Organizations normally provide requirements and what the society expects so as to sanction the ethical decision . This case study will analyse the requirements for obedience of law . Normally any business ethics disputes are resolved through law suits because that is the only legal means in which justice can be achieved (Fraedrich , 2008

There are several laws that affect business that we shall briefly discuss . This

include : First , Laws regulating competition - this are laws which are established to ensure businesses which are doing the same kind of job meets the regulation 's board standards . Second , Laws protecting consumers - This type law require business enterprises to provide precise details about their business in terms of the products and services that they deal with and that they should ensure that safety standards are followed . A business should have a bureau of Consumer Protection (Fraedrich , 2008

Third , Laws Promoting Equity and Safety - This law considers the affirmative programs . This law mainly emphasizes in ensuring that there is equality in the work place . This calls for women to have an equal share of positions as men when it comes to employment , leadership issues etc .Fourth , Laws protecting the environment - Environmental laws which have been in acted have led to the removal or addition or modification of goods and services (Fraedrich , 2008

In the Case study we also consider - The Sarbanes-Oxley Act . This act was put to check misconduct of companies accounting practice such as under disclosure of the financial outcome . Under this act we shall include : First , Public Company Accounting Oversight Board . This act establishes a system of federal oversight of a company 's accounting practices . Second , conflicts of interest - This emphasizes on the independence in decision making of the auditors and the Analyst Analysts ' submits a proposal of their findings while an auditor monitors the accounts records and presents their finding (Fraedrich , 2008

Third , Enhanced Financial Disclosure - This requires the top management to ensure and confirm that their firm 's financial reports are absolute and precise . That is making CEO 's and CFO 's accountable . Fourth - Whistle-blower protection . This act provides protection to those people who disclose cases of fraud that has occurred in a company (Fraedrich 2008

Fifth , corporate and criminal fraud accountability . This act helps auditors in an organization to detect fraud and those responsible should account for any misuse of the company 's resources . As for those who cannot account then they are taken to a court of law to answer for those charges . Sixth , Cost of Compliance . This act deals with the cost one has to encounter in lack of compliance to this act , the company ethics and policies . The cost could even be suspension from duties for sometime Laws that encourage ethical conduct are : Sarbanes-Oxley Act , civil law and criminal law . The difference between civil law and criminal law is their enforcement...