The monopoly has recognized that accountants are a key part of organizational success. In accounting, various key ethical principles are important in guiding the professional process. The first ethical principle is respecting the views of the stakeholders. The program is set to instill professional ethics, but on the other hand, it will be costly, which will affect the operation of the organization. Having programs that will help in meeting the needs of the stakeholders will be so important to the organization.
The second ethical principle that the organization will have to abide by is that the program must fully contribute to the overall organization practice. This means that the needed results must be expected to improve the ethical conduct of the employees within the organization. In this particular case, the program does not have any benefits in improving the organization’s performance. Hence, when the line manager must ensure that there are general benefits. Going on with the program without consent will be so unethical because everyone knows that the benefits will be so little.
The third ethical principle that the organization should abide by is professional judgment. The individuals associated with the program should always have the ability to make informed decisions. Before the line manager decides to go on and implement the program within the organization, he should make sure that enough consultation with the related stakeholders has been done. For example, there should be the feasibility of this program, and there will be positive outcomes in the general process. The fourth ethical principle that the organization should abide by is integrity. The individuals associated with the program must be honest.
This means that the program is fully entailed in achieving the set goals and objectives that it was initially intended to achieve. The last ethical principle that the organization should abide by is objective. Objectivity implies the program is free from any conflicts of interests. The program that is about to be implemented in the organization is characterized by some form of biasness and conflicts of interests. It does not necessarily accomplish some of the goals that it should achieve. This is because despite having high initial and operation costs, the line manager is still proposing to continue with the program. The program should be suspended because it does not concern any positive accomplishments that the organization will have to make.
