JSS2 Second Term Business Studies Lesson Note – Book Keeping Ethics: Due Process

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SUB TOPIC   2

TOPIC:  BOOK KEEPING ETHICS: DUE PROCESS                    

MEANING OF DUE PROCESS

This is act of doing something according to laid down rules or procedures or the process that should be followed in doing things.

Attributes of due process

The following are the attributes of due process;

1. Truthfulness
2. Openness
3. Fairness
4. Impartiality
5. Respect for the rule of law.
6. Equity

Let’s   take a closer look at each of the attributes;

Truthfulness   is   the   ac t of saying the truth always.

Openness   is the act of making one’s action and operation clear to all.

Fairness means giving equal consideration to all. etc.

PROBLEMS CREATED BY LACK OF TAP AND THEIR SOLUTIONS;

PROBLEMS:

• Increase in the incidence of bribery
• Influence peddling

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