ETHICS IN FINANCE..pptx

ethics in finance

1. ETHICS IN FINANCE SUBMITTED TO: SUBMITTED BY: Miss Deepika Akanksha Jain 170101030049 M.com Final

2. What is ‘Ethics’ Ethics is the study of human behavior which is right or wrong. In general, ethics means doing right things to others , being honest to others , being fair and justice to others.

3. What is ‘Finance’ Finance means fund or other financial resources; it deals with matter related to money and the market. The field of finance refers to the concept of time, money, and risk and how they are interrelated . Banks are the main facilitators of fund. Funding means asset in the form of money finance is the set of activities that deals with the management of funds.

4. What Is Ethics In Finance Ethics in finance is one of the main things which everyone has to follow from the small, medium, and big level co. because almost all the country depend up on the financial background of the country. Ethics in finance may vary from different industries but everyone is liable to do their work at utmost Good Faith.

5. Code Of Ethics In Finance Act with honesty and integrity, avoiding real or clear conflicts of interest in personal and professional relationships. To provide information which is full , fair, accurate , complete, objective , relevant, timely and understandable to other public communications made by the company Act in accordance with all applicable laws, rules and regulations of governments, and other appropriate private and public regulatory agencies

6. Act in good faith, responsibly, with due care, competence and carefulness , without misrepresenting material facts or allowing my independent judgment to be subordinated Respect the confidentiality of information acquired in the course of business except when authorized or otherwise legally obligated to disclose the information. To promote ethical behavior among our associates Adhere to and promote this Code of Ethics

7. Importance Of Ethics In Finance Trust Confidentiality Collaboration Code of Ethics Considerations

8. Ethical Issue In Finance Financial Statements Financial Markets Insider Trading Hostile Takeovers

9. Fraud In Financial Statements Fictitious Revenues Concealed Liabilities and Expenses Fraudulent Asset Valuations Improper Asset Valuations Example: The Satyam Computer Services Scandal

10. Duties Of An Auditor To give an accurate statement to the members about the state of affairs of a company To meet the objectives of Companies act 2013 and also the Articles of Association. To be reasonably skillful and careful in identifying the true nature of the accounts.

11. Ethical Issues in Financial Markets Deception Churning Unsuitability Unfairness in Markets

12. Insider Trading Insider trading essentially denotes dealing in a company’s securities on the basis of confidential information relating to the co. which is not published. It is fairly a breach of fiduciary duties of officers of a company or connected persons as defined under the SEBI regulations,1992, towards the shareholders.

13. Who Are Inside Traders? Corporate officers, directors, and employees who traded the corporations securities after learning of significant, confidential corporate developments. Friends, business associates, family members, and other type of such officers, directors and employees, who traded the securities after receiving such informations .

14. Cont. Employees of law, banking, brokerage and printing firms who were given such information to provide services to the corporation whose securities are traded. Govt. employees who learned of such information because of their employment by the Govt.

15. Hostile Takeovers A Hostile Takeovers is an acquisition in which the company being purchased doesn’t want to be purchased, or doesn’t want to be purchased by the particular buyer that is making a bid. How can someone buy something that is not for sale? Hostile Takeovers only work with publicly traded companies. That is, they have issued stock that can be bought and sold on public stock markets. Example of Hostile Takeover is “ Microsoft and Yahoo”

16. CONCLUSION No business and company can run without finance. It is lifeblood for all the organization. So if almost all the field in finance follows ethics in their duty almost all other process will function very without any discrepancies.

17. THANK YOU