Nelson Higher Education

Higher Education

Business & Professional Ethics, 7th Edition

  • Leonard J. Brooks
  • Paul Dunn
  • ISBN-10: 1285182227
  • ISBN-13: 9781285182223
  • 656 Pages | Paperback
  • Previous Editions: 2012, 2010, 2007
  • COPYRIGHT: 2015 Published
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About the Product

Using real-world examples of ethical issues in the workplace, BUSINESS & PROFESSIONAL ETHICS, 7E provides students with the strategies needed to make the most ethical decisions possible--no matter what the situation. By integrating the latest information on ethics, governance scandals, legal liability, and professional accounting and audit issues, this text highlights the most recent ethical issues in today's business environment. The text examines the background and nature of the new stakeholder-support era of corporate and professional accountability and governance, offering valuable insights into the development of sound patterns of behavior on the part of directors, executives, and accountants. Over 120 current cases and key readings provide an interesting, challenging, and practical learning experience. Intriguing real-world situations equip students with an understanding of appropriate values, ethical pitfalls, applicable codes of conduct, and sound ethical reasons where codes do not apply.


  • BUSINESS & PROFESSIONAL ETHICS FOR DIRECTORS, EXECUTIVES & ACCOUNTANTS, 7E focuses on the development of a practical understanding of the ethical issues driving recent unethical events, the resulting development of emerging accountability and governance frameworks, and the practical skills required to deal with them effectively.

  • New or expanded coverage includes corporate governance and responsibilities, corporate social responsibility, ethics risks, subprime lending, bribery, whistleblower and inquiry services, improvements to practical decision-making approaches, and more.

  • The recent emergence of global ethical accounting standards under the auspices of the International Federation of Accountants (IFAC) is covered extensively to prepare students for the global harmonization process that is occurring.

  • The text features more than 120 cases and key readings, including illustrative applications. Giving students hands-on experience with real-world issues, cases cover subprime lending, adult entertainment and cell phones, limits to exploitive and risqué advertising, bankruptcy ethics, hazardous products, iPhone and disappointed customers, terrorist payments, tax issues, gender discrimination, the practice of spying on HP directors, MCI and bad debts, gifts of publicly traded shares, rogue traders, and more.

  • At various points in the text, lists of websites encourage students to research source documents, the SEC, news sources, and more.

About the Author

Leonard J. Brooks

Leonard J. Brooks is Professor of Business Ethics & Accounting at the Rotman School of Management of the University of Toronto. He is the Director of the Professional Accounting Centre and the Master of Forensic Accounting Program (formerly the Diploma in Investigative & Forensic Accounting Program) at the University’s Institute for Management & Innovation. Professor Brooks served 14 years on the Editorial Board of the Journal of Business Ethics and as Founding Editor of Corporate Ethics Monitor, a pioneering bimonthly publication. He has published articles on ethics issues in the Journal of Business Ethics, Accounting Organizations and Society, Canadian Accounting Perspectives and Business & Society. He coauthored BUSINESS & PROFESSIONAL ETHICS FOR DIRECTORS and EXECUTIVES & ACCOUNTANTS with Paul Dunn; ETHICS & GOVERNANCE: DEVELOPING AND MAINTAINING AN ETHICAL CORPORATE CULTURE with David Selley; and PRINCIPLES OF STAKEHOLDER MANAGEMENT: THE CLARKSON PRINCIPLES with Lee Preston and Thomas Donaldson. Prior to joining the University of Toronto, he obtained his C.A. designation and subsequently became an audit manager and Director of Manpower for Touche Ross & Co. (now Deloitte.) in Toronto. Professor Brooks served as a member, then chair, of the Chartered Accountants’ national Board of Examiners and chair of its national Syllabus Committee. He was named a Fellow of the Institute of Chartered Accountants (FCA) of Ontario in 1982. These professional designations were converted to C.P.A. and F.C.P.A. in 2012. He consults with individuals, corporations and governmental and non-governmental organizations and serves as an expert witness and media-commentator. Professor Brooks is also a former director of the Canadian Centre for Ethics & Corporate Policy and former president of the Canadian Academic Accounting Association.

Paul Dunn

Paul Dunn is a Professor of Business Ethics at the Goodman School of Business, Brock University. Dr. Dunn holds a doctorate in accounting from Boston University as well as two degrees in philosophy from the University of Toronto. He is a C.P.A. who worked in downtown Toronto with Ernst & Young as a chartered accountant. He also worked for the Canadian Imperial Bank of Commerce in the finance division and worked in the private sector in controllership. Dr. Dunn’s research focuses on ethics, corporate governance and corporate social responsibility. His theory papers and the empirical results of his research have appeared in a variety of scholarly journals, including the Journal of Business Ethics, Journal of Management, Business & Society and Business Ethics Quarterly. Both the Canadian and international media interview Dr. Dunn regularly as an expert in his field.

Table of Contents

1. Ethics Expectations.
2. Ethics & Governance Scandals.
3. Philosophers' Contributions.
4. Practical Ethical Decision Making.
5. Corporate Ethical Governance & Accountability.
6. Professional Accounting in the Public Interest, Post-Enron.
7. Managing Ethics Ricks & Opportunities.
8. Subprime Lending Fiasco--Ethics Issues.

New to this edition

  • The Ethics & Governance Scandals chapter has been extended to provide a timeline, an analysis, and a summary of the significant ethics and governance scandals, events, and responses in three time frames: prior to 1970, 1970–1990, and 1990–present.
  • The Practical Ethical Decision Making chapter has been extensively modified to approach practical ethical decision making more directly and with greater clarity. Virtue ethics has been more fully integrated within the challenges that must be made of prospective actions.
  • The Corporate Ethical Governance & Accountability chapter includes updates and new material covering corporate governance and responsibilities, compelling recent evidence for the development of an ethical corporate culture, the development and application of codes of conduct, the necessity and nature of ethical leadership, and corporate psychopaths--their impact and characteristics.
  • The Professional Accounting in the Public Interest, Post-Enron chapter includes new material covering transfer pricing to artificially reduce tax--the Apple case and the increasing need for moral courage.
  • The Managing Ethics Risk & Opportunities chapter has been updated and expanded to include new material on ethics risks--their definition, identification, assessment, and management; corporate social responsibility--an extensive update; and a new Appendix of important sources of CSR, ESG (Environmental, Social, and Governance), and Sustainability reports, bribery--a section on the new anti-bribery regime that is unfolding focused on worldwide bribery, and whistleblower and inquiry services--a new section on this important area.


All supplements have been updated in coordination with the Main title.
Please see Main title page for new to this edition information.

Instructor Supplements

Website  (ISBN-10: 1285182235 | ISBN-13: 9781285182230)

The instructor support website at is a thorough companion to the text. Included are PowerPoint® presentations and course outlines for you and students. The Instructor's Manual, Cases, Executive MBA and MBA Course Outlines, and a list of recent sources are available for you. General updates are posted as necessary.

Student Supplements

Website  (ISBN-10: 1285182235 | ISBN-13: 9781285182230)

Rich learning and test-prep online resources include PowerPoint® presentations and course outlines.