Glencoe Accounting

Chapter 15: Accounting for Purchases and Cash Payments

Extend: Matter of Ethics

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• Purchasing professionals encounter a variety of ethical issues as they work with vendors and suppliers. Businesses and organizations often have codes of ethics to provide guidance to their purchasing agents.
• Visit one of the university Web sites below to review its purchasing ethics guidelines.
• University of Western Ontario
  www.uwo.ca/finance/purchase/ethics.html

• University of Oregon
  baowww.uoregon.edu/ProcurementContracting/ethicspss.doc

• Summarize your findings in a brief written report. Include the types of activities that are prohibited, what procedures must be followed, and how conflicts of interest are handled.