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The role of the financial manager, particularly in business is changing in response to technological advances that have significantly reduced the amount of time it takes to produce financial reports. Technological improvements have made it easier to produce financial reports, and, as a consequence, financial managers now perform more data analysis that allows them to offer senior managers with profit-maximizing ideas. They often work on teams, acting as business advisors to top management. They must never let the power or influence they possess lead them to forget that there are others whose contributions must be weighed and measured in the decision making process. A good decision taken by the financial manager will enhance the value of the corporation and its stocks while the bad decision taken has the potential to bring the down fall of the corporation. I think that there are seven practical reasons that show why global ethics and standards are important to professional consultants, companies and organizations. it demonstrates a willingness to play by international rules while raising standards. it makes us accountable and predictable during our engagements. It demonstrates a willingness to develop our professional potential. it shows our character and reputation to be more sound and marketable. it shows our desire to develop long-term relationships. it provides us with a leadership role in the global community. it gives uniformity to our professional life rarely found in a changing world.
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