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 on-demand course, 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:
- Professional competence and due care
- 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.
By the end of the course, participants will be able to:
- Define IESBA’s five fundamental principles of ethics
Summarize the key events and dates of the Theranos fraud
- Identify the key stakeholders of Theranos
- Illustrate what when wrong with Theranos using each of the five fundamental principles of ethics
- Explain how low psychological safety and a toxic organizational culture contributed to the fraud and poor ethical decision making
WHO WILL BENEFIT
The course is designed for CPAs and professionals looking to understand what can go wrong if our fundamental principles of ethics are threatened by low psychological safety and a toxic organizational culture.