Dates and location
Hours
Dates and location
Hours
Description
Learn anywhere, anytime with audio learning from your trusted source for Professional Development.
Get up to speed in an hour on critical topics for CPAs such as AI, Ethics, Finance, Cybersecurity, Audit, Tax, Sustainability and more.
- Convenient 60-minute audio courses in our new app.
- Flexible format allows you to listen and learn on the go at your own pace.
- Relevant and trending topics affecting CPAs to help you stay at the forefront of the profession.
The Boeing 737 MAX airline disasters in 2019 highlighted a profound shift at Boeing—from a company celebrated for its engineering excellence and stringent safety standards to one criticized for prioritizing financial performance over quality. This shift, which started with a leadership change in 1997, has led to severe consequences including reputational damage, significant financial losses, and diminished confidence among investors and consumers. For CPAs, this scenario underscores the vital role of leadership in setting an ethical tone at the top.
Boeing’s strategic pivot from engineering excellence to financial metrics under new leadership, including a CEO and CFOs whose decisions negatively influenced the company’s operational focus and compliance, starkly illustrates the necessity of professional behaviour and objectivity. Specifically, one CFO was imprisoned for illegal negotiations, highlighting a breach of ethical standards and objectivity due to conflicting personal and business interests, which clearly goes against a fundamental ethical principle for CPAs. Moreover, the board of directors faced legal action for inadequate oversight, underscoring the need for CPAs who sit on boards to conduct themselves in ways that uphold the profession’s reputation and serve the public interest.
This Boeing case study is invaluable for CPAs, demonstrating the severe consequences of focusing on short term financial performance while ignoring ethical leadership and robust corporate governance. It serves as a reflective tool on strategies to prevent such failures, bolster organizational culture, and the collective role of the board, executives, managers, and employees in maintaining integrity. The insights from Boeing’s challenges stress the importance for CPAs, who occupy all of the aforementioned positions, to ensure their judgments remain unbiased and free from undue influence, advocating for the highest standards of professional behavior in all sectors.
Lessons Covered:
- Introduction
- The Impact of Competitive Pressure
- The Impact of Management Pressure
- When Employees Fear Retaliation
- The Role Cognitive Biases Can Play
- When Oversight is an Oversight
- Stopping the Cycle: Supporting Organizational Values
- Stopping the Cycle: Releasing the Pressure
- Stopping the Cycle: Protecting Whistleblowers
- Stopping the Cycle: Overcoming Cognitive Biases
- Stopping the Cycle: Improving Oversight
- Conclusion
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Key Takeaways
Upon completion of this course, you will be able to:
- Consequences of ethical failures.
- The role of CPAs in ethical oversight.
- How to foster organizational integrity and an ethical culture.
Who Will Benefit
Although this session will benefit anyone who has an active role in contributing to an organization’s culture, it will be especially beneficial for those CPAs who are on boards of directors, in positions of leadership, or members of an internal audit team.
How to Access the Course
This is an online session. This course is available 24 hours a day, 7 days a week. Once registered, you can access the material at any time.
However, you will only have access to the course for 90 days after REGISTRATION.
New mobile learning! Download Blackboard Learn from your app store (iOS or Android). Learn more.
To access the course on your computer please visit our BlackBoard site, and log-in using the same login and password used for the Registration Portal.
Please allow up to 15 minutes after registration for the course to appear on your BlackBoard page.
Registration, cancellation, withdrawal and all other CPA Ontario PD policies can be found here.
Speaker(s)
Lisa Dorian, MSL, CPA,CA, CPA (IL), CIA, CRMSA is a skilled business executive with extensive experience in ethics, compliance, and risk as well as business process and strategy. She has worked with a variety of boards and leadership teams of organizations in both the private and public sector to help implement award winning enterprise risk management frameworks and compliance frameworks. She has authored many internal policies, including codes of conduct. As well as serving in the C-Suite in finance, risk, and internal audit departments, she has also conducted quality assessment reviews of internal audit departments in the public sector and for financial institutions.
Testimonials
Audio learning allows me to play it while still being able to do my own work at the same time. It’s like listening to the radio; but instead I’m learning.