Nelson Higher Education

Higher Education

Business & Professional Ethics for Directors, Executives & Accountants, 8th Edition

  • Leonard J. Brooks
  • Paul Dunn
  • ISBN-10: 1305971450
  • ISBN-13: 9781305971455
  • 632 Pages | Paperback
  • Previous Editions: 2015, 2012, 2010
  • COPYRIGHT: 2018 Published
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About the Product

The most comprehensive book of its kind, BUSINESS & PROFESSIONAL ETHICS FOR DIRECTORS, EXECUTIVES & ACCOUNTANTS, 8E combines explanatory text, cases, video sources and readings. Students explore the historical background behind corporate governance, behavior, compliance, risk management, and professional accounting. The book emphasizes how to develop an ethical corporate culture and make decisions that reflect organizational values, ethics and the expectations of stakeholders. Students see the ethical influences on company success and better understand their own professional codes and duties. They analyze the IFAC Code of Ethics and AICPA and CPAO codes as well as fundamental principles, independence, conflicts of interest, and risk assessment. They also examine the risks and opportunities of non-assurance areas, such as CSR, workplace ethics, fraud and white collar crime, bribery, and crisis management. More than 120 engaging cases help students and practitioners avoid errors.


  • THIS IS THE ONLY BOOK ON THE MARKET THAT COVERS BOTH BUSINESS ETHICS AND PROFESSIONAL ACCOUNTING ETHICS IN PRACTICAL TERMS. Student need to fully understand both business ethics and accounting ethics to fully appreciate the trends in ethical expectations and changes in regulation.

  • BOOK IS VERY VERSATILE. This book’s breadth and depth make it a successful resource for stand-alone courses or to support more than one course in your curriculum. Instructors like you have trusted this book for undergrads, Master’s of Accounting students, MBA students, and Executive MBA students. Sections of this book and specific cases have also been custom published for specific courses or executive programs.

  • CONTENT EMPHASIZES RELEVANT, PRACTICAL DISCUSSION AS WELL AS THEORETICAL MATERIAL. Some other books feature philosophical discussions but lack sufficient practical discussion or applications that emphasize relevance so students tune them out. This edition features practical development of all topics, and more than 120 cases, most of which are drawn from real life.

  • CASES BLEND BOTH ETHICS AND AN UNDERSTANDING OF PROFESSIONAL ACCOUNTING CODES OF CONDUCT. Other books feature cases but do not have sufficient discussions of ethics and of the latest professional accounting codes of conduct which are being harmonized globally. Those books tend to focus on specific rules rather than emphasizing an understanding of the underlying principles as well as the relevant rules.

  • WEALTH OF TIME-SAVING INSTRUCTOR RESOURCES ASSIST IN CLASS PRESENTATION AND PREPARATION. An Instructor’s Manual and PowerPoint® slides are available for your convenience. Additional resources found at include course outlines, suggested Executive MBA and MBA Course Outlines, cases, and the links highlighted in the textbook. The authors also make themselves available to provide teaching insights, based on their professional and instructional experiences.

  • MORE THAN 120 CASES, KEY READINGS, AND ILLUSTRATIVE APPLICATIONS GIVE STUDENTS HANDS-ON EXPERIENCE WITH REAL-WORLD ISSUES. Cases address classic issues, such as subprime lending, BP oil spill, GM faulty ignition switches, VW cheating on emission tests, Valeant drug price gouging, Toshiba accounting scandal, and Enron. Many cases cover pertinent, practical problems, such as aggressive tax schemes, governance dilemmas, bribery, and more.

  • NEW SET OF VIDEOS AND FILMS INTEGRATE THE LESSONS’ PRINCIPLES WITH ETHICAL EXPECTATIONS. Designed for student viewing, these engaging videos further students’ understanding of ethics expectations in business and accounting today. Accompanying lists and commentaries further clarify the new videos and films.

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.
7. Managing Ethics Risks & Opportunities.
8. Subprime Lending Fiasco -- Ethics Issues.

New to this edition

  • NEW OR EXPANDED COVERAGE HIGHLIGHTS THE LATEST ETHICAL THINKING. Students examine new perspectives on corporate governance and responsibilities, corporate social responsibility, ‘B’ corporations, and ethics risks. They analyze subprime lending and other fiascos, bribery, whistleblower and inquiry services as well as improvements to practical decision-making approaches.
  • THIS EDITION HIGHLIGHTS NEW ISSUES FOR PROFESSIONAL ACCOUNTANTS. The book extensively covers the trend to global ethical accounting standards under the International Federation of Accountants (IFAC) to prepare students for the global harmonization process that is occurring in ethics codes and practices around the world. The book analyzes major changes in the newly-revised AICPA and CPAO ethics codes as well as new requirements for ethical risk assessment, judgment impairment, and decision making. The book also discusses the latest ethical pitfalls for today’s professional accountants.


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

Instructor Supplements

Companion Website  (ISBN-10: 1305971469 | ISBN-13: 9781305971462)

The instructor support website at provides a thorough companion to the written text. You will find 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 also available at your fingertips. To keep these resources current, the authorship team posts general updates as necessary.