Ethical and unethical in Finance

                                         FINANCE

ETHICS IN FINANCE. Ethics in general is concerned with human behavior that is acceptable or "right" and that is not acceptable or "wrong" based on conventional morality. General ethical norms encompass truthfulness, honesty, integrity, respect for others, fairness, and justice.

Ethics and finance. Background: Ethics is defined as behavior consistent with established standards of conduct and moral behavior. The ethical (and legal) violations of these firms attracted widespread publicity resulting in a negative impact on these firms' wealth and viability.

Ethical issues in finance

• ACCURACY
• TRANSPARENCY
• TIMELINESS
• INTEGRITY 

Unethical issues in finance

Unethical behavior is an action that falls outside of what is considered morally right or proper for a person, a profession or an industry. Individuals can behave unethically, as can businesses, professionals and politicians.

• Delays in paying wages, interest to financiers, incentive, bonus to employees.
•  Not prompt in statutory payments of ESI, PF, Sales Tax and Excise Duties.
• Deliberate abnormal delays in payments to (a) Vendors, (b) Dealers commissions and promotion costs.
•  Quick release of payments to known or adjustment parties and delaying payment to others.
• Taking private finance only from those who are ready to do personal favours to the finance department head.

A case study