|Journal of Contemporary Issues in Business Research ISSN 2305-8277|
Abstract: Richard Chambers is President of the Institute of Internal Auditors IIA. The book is a reflection of his ‘lessons learned’ from forty years of internal auditing. The book is written more in the style of a manual than as a reminisce. Chambers lists some 35 Life Lessons, the book’s title, illustrated by the examples in the book. His experience was primarily with the US Army, United States Post Office, Tennessee Valley Authority, and finally with the Internal Audit Division of Price Waterhouse Coopers PwC. The text contains numerous lists of dos and don’ts. In that regard it is surprising the word ‘manual’ does not appear in the book title. The book is aimed at the growing world-wide internal audit profession. Globally the IIA comprises some 180,000 members with 160 chapters totaling over 72,000 in North America.
Keywords: Internal audit; Risk management; Governance; Assurance; Ethics.
- Texas A & M University San Antonio – United States
Author(s): Mohammad Iqbal Malik 1 and Nazir Ul Islam Bhat 2
Abstract: Economic development of a nation is the result of proliferated business ethical dogmas and disciplines. Islamic teachings provide clear guidelines in this regard, as Such as mutual understanding, honesty and ethics possess central place. These teachings not only prohibit from amalgamation, black-marketing, hoarding and deception but also direct to treat a customer amiably. Business ethics are broad Islamic due to the high moral values. One can estimate the importance of business ethics in Islam for economic development in Islamic society it is evident by the Hadith of Prophet Muhammad (PBUH) in which He excluded a trader from Muslim community who did not behave in good manner with his clients. In this study we present impact of business ethics on economic development of a Muslim society. This study is based on basic teachings of Quran, Sunnah, Fiqh and Economics. This study explores the behavior of Muslim traders and reveals useful inferences. Policy makers, traders, academicians, scholars and general get benefited from this study with respect to business ethics in Islamic perspective.
Keywords: Business Ethics; Islamic; Economic; Perspective; Muslim Traders.
- Department of Religious Studies, Punjabi University, Patiala 1
- Centre of Central Asian Studies, University of Kashmir, Srinagar 2