Business Law Information Center: Revision Changes


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	Student Edition
	Instructor Edition

Business Law: The Ethical, Global, and E-Commerce Environment, 13/e

Jane P. Mallor, Indiana University - Bloomington
A. James Barnes, Indiana University - Bloomington
L. Thomas Bowers, Indiana University - Bloomington
Arlen W. Langvardt, Indiana University - Bloomington

Revision Changes

Chapter 4, Business Ethics, Corporate Social Responsibility, and Critical Thinking includes two additional sections:
- How to lead ethically, that is, how to ensure that those under one's direction, management, and guidance act in an ethical way.
- Common characteristics of decisions gone wrong. This section meshes the material on ethics and critical thinking, concluding with a list of factors that commonly lead to bad decisions, such as complexity of a problem, low margin for error, and cognitive biases that increase risk and lead to over-confidence.
Material on the unintended effects of Sarbanes-Oxley has been added, including
1. an increase in going private (public companies choosing no longer to be public),
2. reduced quality audits by independent audit firms that have a lower understanding of the client's business, and
3. companies choosing to incorporate under foreign jurisdiction.
Chapter 43 now includes material on the convictions and acquittals of high-profile corporate executives such as Dennis Kozlowski (Tyco), Bernie Ebbers (Enron), and Richard Scrushy (HealthSouth).
Bankruptcy Chapter now incorporates the major changes to the Act as a result of legislation passed in April 2005. These are the most significant changes since the 1978 Act.
Chapter 46, Legal and Professional Responsibilities of Auditors, Consultants, and Securities Professionals expands the coverage of securities professionals and coverage of the actual effects of Sarbanes Oxley on the accounting profession.
Where appropriate, references to the You be the Judge appear at the end of the chapters directing students and professors to the most relevant case segment on the DVD.
Ethical questions are added as discussion opportunities in the opening vignette questions.

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