Code of Ethics Essay

Code of Ethics Essay

Length: 1463 words (4.2 double-spaced pages)

Rating: Better Essays

Open Document

Essay Preview

This essay will discuss the following main statement; the adoption of a proposed new look Code of Ethics, based on the international Federation Accountants’ code, will ensure that New Zealand Charted Accountants meet their ethical responsibilities. Within this essay an adverse position will be taken towards the previous statement. The international Federation of Accountants (IFAC) states that, professional standards and the code of ethics form important benchmarks that should be met by practicing accountants. Accountants should understand and apply them when conducting any type of work (Pickett 2005). The New Zealand Institute of Charted Accountants (NZICA) is a member of IFAC, as part of its member obligations NZICA has to apply the same standards as IFAC (nzica) . This is how the previous statement arises, due to IFAC recently going through a major revision of the code in the area of independence. (nzica) .This essay will appoint different issues and concerns about adopting a new code of ethics and how this change will actually affect the society. Such points are; personal moral judgment, ethical education being a factor of ethical responsibilities and unclear types of enforcement and points of the Code of Ethics.

“Good ethics, whether at work or home, demands self-knowledge, Whereas some groups want to see ethics as a skill or a particular part of organizational transformation, practising good ethics ultimately comes down to you and how you make decisions.”(6). Moral judgment is unique to any individual, adjustments to the NZICA Code of Ethics will not provide a higher rate of success in ethical decisions by professional accountants this is stated in certain studies .Such studies show that moral judgment is not affected ju...


... middle of paper ...


...de of Ethics show the problem is far more extensive than just a few overlook of the previous code. To ensure that New Zealand Charted Accountants act ethically there is need of bigger changes.
Ultimately , this essay discussed why the statement; the adoption of a proposed new look Code of Ethics, based on the international Federation Accountants’ code, will ensure that New Zealand Charted Accountants meet their ethical responsibilities, is not essentially right. Throughout the essay with the aid of journal articles, books and other resources a point of agreement that the previous statement is not correct has been achieved. Three different points were arise, personal moral judgment, ethical education being a factor of ethical responsibilities and unclear types of enforcement and points of the Code of Ethics to prove that the previous statement was not correct.

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

Essay Common Code Of Ethics Of The Gospel Of John

- Common Code of Ethics In the gospel of John, Jesus prayed that His disciples would be one, just as He and the Father are One (John 17:20-21). Jesus had spent three years preparing His disciples for this moment, training them not only how to accomplish the mission, but also giving detailed teaching regarding their attitudes and behaviors. Throughout the centuries, God’s church has expanded throughout the world as a unified effort, fulfilling Jesus’ final command to make disciples of all nations (Matt....   [tags: Morality, Ethics, Business ethics, Ethical code]

Better Essays
1541 words (4.4 pages)

Dunkin Donuts Code of Ethics Analysis Essay

- A code of ethics is a formal document in which is used to assist members of an organization, to know what’s ‘right’ and what is ‘wrong’ in the work place and applying it to their decisions. A code of ethics is a written set of rules or guidelines to help the workers and management ‘conduct’ or direct their actions with its primary values and ethical standards. A code of ethics is important because without it, employees and management wouldn’t have guidelines and the establishment would resemble a crazy house....   [tags: ethics code, job guidelines, dunkin donuts]

Better Essays
1531 words (4.4 pages)

How The Code Of Ethics Is Influencing The Various Practices And Policies At & T

- Introduction One of the strategies used to define the way a firm 's employees will interact with stakeholders is to utilize a code of ethics. These are clearly defined practices that determine the way everyone deals with specific issues. This ensures that the company is taking into account critical issues and offering something more to cliental through embracing these practices. In this case of AT&T, they are using these tools to adjust and evolve with the challenges they are facing. To fully understand what is occurring requires focusing on the firm, key issues, comparing their practices with a competing organization, examining different approaches, their lobbying strategy and analyzing gl...   [tags: Ethics, Business ethics, Ethical code]

Better Essays
1813 words (5.2 pages)

Code of Ethics Essay

- A code of ethics is a set of written principles regarding conduct and behavior created by the organization to serve as a guide. The purpose of ethical codes is to give its employees, management, and any interested party a reference point that adheres to company policy, standards, and ethical beliefs. The code is made visible to the public to ensure professional integrity, quality, and to prevent misguided conduct. Regardless of the organization or governing body a code serves as a go-to guide because ethical issues can stem from anywhere at any given time....   [tags: Ethics]

Better Essays
1715 words (4.9 pages)

Essay Ethics And The Code Of Ethics

- ... 3. The Code enables the association to clarify for current and prospective members, and for those served by members, the nature of the ethical responsibilities held in common by its members. 4. The Code serves as an ethical guide designed to assist members in constructing a course of action that best serves those utilizing counseling services and establishes expectations of conduct with a primary emphasis on the role of the professional counselor. 5. The Code helps to support the mission of ACA....   [tags: Ethics, Business ethics]

Better Essays
868 words (2.5 pages)

Code of Ethics Essay

- The organization I work for is a Multi national corporation, for now we are a business unit of a publically traded company. This assignment came at a unique time as we the business unit I work in was just purchased by a private equity firm based in England. Our corporate headquarters is based in California and we have offices in South America, Europe and Asia. We are a unique organization as most of us work from home offices and rarely set foot in our offices, but visit our customer’s offices quite often....   [tags: Ethics, Business]

Better Essays
2077 words (5.9 pages)

Essay on The Code Of Ethics And Ethics

- ... So the code of ethics benefit to both company and workers. Organizations with strong codes of conduct experience less misconduct, less failure to report misbehavior and less retaliation on the job. This improved ethical behavior can positively impact business performance. Thus, one way to view a code of conduct is as a type of preventative medicine. Without it, a business is vulnerable because it has neglected to take business ethics seriously. (Chron) A good employee has to have good professional ethics, and it is a basic line....   [tags: Ethics, Business ethics, Morality, Applied ethics]

Better Essays
1764 words (5 pages)

Code of Ethics Essay

- This essay will discuss the following main statement; the adoption of a proposed new look Code of Ethics, based on the international Federation Accountants’ code, will ensure that New Zealand Charted Accountants meet their ethical responsibilities. Within this essay an adverse position will be taken towards the previous statement. The international Federation of Accountants (IFAC) states that, professional standards and the code of ethics form important benchmarks that should be met by practicing accountants....   [tags: Ethical Issues, Good Ethics]

Better Essays
1463 words (4.2 pages)

Essay on Code of Ethics

- Ethics and values apply to our personal and professional lives. If you are able to understand and implement values and ethics in everyday practices, you will encourage one’s success in personal and professional careers. Ethics is a concept of one’s actions, which derives from principals of an individual doing what is right not wrong. Velasquez, Andre, Shanks, and Meyer (1987), define ethics as a “well based standard of right and wrong that prescribe what humans ought to do, usually in terms of rights, obligations, benefits to society, fairness, or specific virtues”....   [tags: Ethics, values, social analysis, behavior]

Better Essays
1060 words (3 pages)

Code of Ethics Essay

- In a health care organization, it is important that the organization’s mission, philosophies, and ethics are followed through properly. . With the Centers for Disease Control and Prevention (CDC), it is no different. . The Centers for Disease Control and Prevention’s “mission is to protect people’s health and to support the quality of life in humans by prevention and control of diseases, injuries, and disabilities” (About CDC, 2010, page or paragraph number with quotes). With the organization's mission, philosophies, and ethics it is important that everyone’s health is protected and proper prevention of diseases, illnesses, and disabilities are given to the public in a timely manner....   [tags: Ethics ]

Better Essays
1565 words (4.5 pages)