Tag (SQ): Environmental Issues

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SCS – L3 – Q2- Ethics and social responsibility

Explain four ethical problems managers face in dealing with stakeholders.

2 Ethics and the environment

(a) Managers have a duty to aim for profit. At the same time, modern ethical standards impose a duty to guard, preserve and enhance the value of an enterprise for the good of all touched by it, including the general public.

Explain FOUR (4) ethical problems managers face in dealing with stakeholders.

(b) Business activities, in general, were formerly regarded as a problem for the environmental movement, but the two are now increasingly complementary. There has been an increase in the use of a green approach to market products.

Explain in FOUR (4) ways how physical environmental conditions are important for strategic planning.

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AAA – L3 – Q67 – Environmental Issues

Discuss the impact of environmental issues on companies and their financial statements, and the auditor's role in addressing these.

In recent years, many commentators have been placing increasing emphasis on the importance of the environment. Perhaps as a consequence of this, companies have begun to recognise their environmental responsibilities and environmental issues now often have important implications for companies. Such implications cannot be ignored by company auditors. The profession needs to show an awareness of the possible impact of environmental issues on clients’ financial statements.

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