Professional Ethics: A Theranos Story (2.0hrs verifiable ethics CPD)
The unbelievable story of Theranos as a case study in a failure of ethical decision making
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Learning objectives:
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:
- Integrity
- Objectivity
- Professional competence and due care
- Confidentiality
- 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.
The learning objectives of this course include:
- Defining IESBA’s five fundamental principles of ethics
- Summarizing the key events and dates of the Theranos fraud
- Identifying the key stakeholders of Theranos
- Illustrating what when wrong with Theranos using each of the five fundamental principles of ethics
- Explaining how low psychological safety and a toxic organizational culture contributed to the fraud and poor ethical decision making
2.0 hrs of verifiable Ethics CPD (Certificate will be provided upon course completion)
Additional information
- Program pre-requisites: There are no prerequisites for this course
- Advance preparation: None
- Delivery method: E-learning
- CPD/CPE credits: Participants will earn 2.0 professional development credits (hours)
- Verifiable Ethics course: 2.0hrs.
Course Curriculum
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PreviewCourse instructions and learning objectives
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PreviewIntroduction (9:51)
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StartModule 1: Theranos - Who, What, When, Why and How (27:40)
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StartModule 2: Designing an Unethical Organization (15:34)
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StartModule 3: Psychological Safety and Theranos (22:30)
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StartModule 4: Ethical Leadership (16:35)
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StartModule 5: Lessons Learned and Action Steps (6:16)
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StartQualified assessment of learning objectives
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StartCourse evaluation
Your Instructor
Garth Sheriff is the founder of Sheriff Consulting, a firm specializing in the design and delivery of professional and leadership skill courses for accounting and finance professionals. Garth has worked as an assurance professional and learning provider for over 20 years. He has prepared and trained CPAs for critical changes to the profession. He earned a Master of Accounting and a Bachelor of Arts (Honours - Accounting) from the University of Waterloo. He is a member of the Chartered Professional Accountants of Ontario (CPAO), American Institute of Certified Public Accountants (AICPA) and the Institute of Internal Auditors (IIA). Garth has also acted in various stage and film productions. He is a graduate in improvisation from The Second City and a member of ACTRA (the Alliance of Canadian Cinema, Television and Radio Artists.