GIBProfessional ethics: A Theranos Story
Course Description:
The downfall of Elizabeth Holmes, founder of Theranos, has been told in many formats (books, podcasts, television). However, the story of Theranos, the company, the employees and other stakeholders have not been examined in-depth, especially from the perspective of ethical decision-making and organizational culture.
In this live webinar, we will explore the Theranos fraud and key stakeholders using IESBA’s (International Ethics Standards Board for Accountants) five fundamental principles of ethics as the framework for our investigation:
- Integrity
- Objectivity
- Professional competence and due care
- Confidentiality
- Professional Behaviour
We will also examine how a lack of psychological safety and a toxic organizational culture compromised the ethical decision-making process of numerous stakeholders.
After completion of this course, the professional competence that can be achieved by participants:
- Understanding what is meant by the term psychological safety
- Understanding the components of ethical leadership
- Understanding how to design an ethical organization
- Understanding the importance of psychological safety to decision-making and ethics
- Identifying the benefits of improving psychological safety within teams and organizations
Learning objectives
After completion of this course, participants will be able to:
- Identify the 5 pillars of ethics as provided by the IESBA
- Identify the 4 components needed to design an ethical organization
- Identify the 3 criteria for an effective board (governance)
- Define the term psychological safety
- Identify the 4 quadrants of the productive conversation matrix
- Identify at least 2 criteria needed for ethical leadership
- Explain how low psychological safety can cause poor ethical decision-making
- Develop at least 1 action step to improve psychological safety within your team and/or organization
In order to be awarded the full credits, participants must respond to three out of four polling questions asked during each CPE credit hour.
Additional Information
- Program Level: Basic
- Program pre-requisites: There are no prerequisites for this course
- Advance preparation: None
- Delivery method: Group internet based
- CPE credits: Participants will earn 2.0 CPE credits in the field of study of behavioral ethics
- Refunds and cancellations: Sheriff Consulting will issue refunds for courses cancelled by participants no later than 24 hours before the start time of the program. For more information regarding refund, complaint, and/or program cancellation, please contact our offices: garthonline@sheriffconsulting.com
Sheriff Consulting is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.
