Accounting Ethics
When examining the effect of open marketing on the profession of accounting it is important to view it from three perspectives: the client's, the profession's, and society's. Additionally, two key areas that are affected by marketing must be addressed,
these are concerning competition, and ethical implications. Marketing in public accounting is here to stay therefore making an argument against its existence would be fruitless; however, in order to achieve maximum benefit to the firm, the client, and s ociety, more stringent guidelines must be implemented at the firm level.
The first, and most obvious, of the effected areas is competition. Within competition several points are discussed. First, the implications
advertising has on public accounting-- the model of perfect competition
versus the model of monopolistic compet ition. Secondly, the relationship
between firm size and advertising expenditures. Thirdly, the effect of
advertising on firm specialization, the implications of client turnover on
public accounting practice.
Before making the comparison, a brief explanation why the two models are chosen is in order. Monopolistic competition has been chosen for the pre-advertising era because it most closely resembles the market structure in an extreme sense. The elements o f monopolistic competition are as follows: product differentiation, the presence of large numbers of sellers, and nonprice competition. Although accounting services between firms offer very little service differentiation, the absence of advertising serve s as a replacement because clients are not necessarily aware that other options are easily attainable. The post-advertising era is explained through the model of perfe...
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... environment to which firms are still adapting. This new environment is largely the result of increased competition and a clientele which is increasingly more bottom line oriented. In order
to compete firms must place more emphasis on marketing and accept it as a cost of doing business. The result of this will be more difficult penetration and an increasingly limited number of small firms in the business. Market pressures also are forcing
creating situations where ethical issues such as independence and integrity are questioned making it imperative that the AICPA create guidelines from which the evolving profession must base itself. In the age of deregulation accounting jumped on the boa t, now it is becoming increasingly fashionable to re-regulate, accounting, as a profession must not miss that boat, lest they drown in the result-- government intervention.
These Parliamentary Acts eventually lead to the American Revolution because the colonists were sick of being treated unfairly and they were fed up with being deprived of their rights. The Continental Congress wrote The Declaration of Independent, which was a document that declared the colonists independence from Britain. The colonists resented the Parliament for taxing them internally and directly. The passing of the acts all started out as money issues, but eventually became an issue of having an imperial government.2 If the legislation never happened to the colonists, there may not be a United States today.
The road to independence for the colonists began with the “shot heard round the world”. The colonists were being heavily controlled by the British in many ways that can be considered unfair. During this time Britain was in massive debt from the French and Indian war. To get out of this debt, Parliament decided to tax the colonists to help pay their expenses. Although Britain approved of the taxes, the American colonists did not. The colonists felt that they should not be taxed without their consent, and as a result many colonists boycotted British imports. The revolutionary war was justified by the colonists because Great Britain was a tyranny and there were many strict acts enforced upon them.
...world do not understand that “Only God is good (Mark 10:18), and His Law is perfect (Psalm 19:7), holy, just and good (Romans 7:12). They lack knowledge of God’s Law and therefore don’t see their need to repent and trust the Savior—no Law, no sin, no wrath, no repentance, no salvation”(Comfort). I know God loves me and wants to have a relationship with me, God is good, His law is just and I deserve punishment. But Jesus died on the cross and defeated death by his resurrection and saved me through my faith.
With every business activity come opportunities for fraudulent behavior which leads to a greater demand for auditors with unscathed ethics. Nowadays, auditors are faced with a multitude of ethical issues, and it is even more problematic when the auditors fail to adhere to the standards of professional conducts as prescribed by the American Institute of Certified Public Accountants (AICPA). The objective of this paper is to analyze the auditors’ compliance with the code of professional conduct in the way it relates to the effectiveness of their audits.
Managers face difficulties in trying to understand the encionment. First ¡°the environment¡¯ encapsulates many different influences; the difficulty is making sense of this diversity in a way which can contribute to strategic decision making. The second difficulty is that of uncertainty, managers typically claim that the pace of technological change and the speed of global communications mean more and faster change now than ever before.
Space, a mysterious place, the moon, a curious place that mankind wonders about day by day. In the 1960’s and early 1970’s the United States sent a team of three to the moon for the very first time. The crew consisted was: Neil Armstrong, Buzz Aldrin, and Michael Collins. Out of the three, Neil Armstrong was the first to step foot on the moon (Journal of American History 609). The name of the mission to the moon was called “Apollo 11” this mission took place on July 1969 (Beall, Jeffrey 122). Space is an unexplored place, there are still people trying to discover more than they already know. Curtin people were doubting the mission, some people b the U.S. flag looked like it was flapping in the wind, but the moon does not have an atmosphere (Mashing Moon Myths 505).
A role model is and both the popular media and the scholarly view suggest that role models are
There are a variety of challenges that firms may face when attempting to be the best in their specified industry. Economic and political challenges can make it difficult for companies to maintain a competitive advantage. In addition to maintaining a competitive advantage, some firms also find difficulty in keeping its branding alive and by attracting customers as their strategies, products, and management change over the course of time. Industries such as the automotive industry, healthcare industry, retail industry, and many more experience a variety of challenges based on their competition. Firms must create successful strategies in order to maintain competitive with their competition and in order to gain advantages in their industry (Hitt, 2013).
When faced with major problems and dilemmas in management accounting and financial management, practitioners look to the 'standards of ethical conduct' for practitioners of management accounting and financial management. While looking at ethical standards one has to look at four different areas they are competence, confidentiality, integrity, and objectivity. These four areas are the backbone of what management accounting and financial management are made. When faced with a possible violation within this backbone of the ethical standards one should ask themselves two questions, "Will my actions be fair and just to all parties affected?" and "Would I be pleased to have my closest friends learn of my actions?" (Weygandt D-1) practitioners of management accounting and financial management have an obligation to the public, organization, and themselves to adhere by the ethical standards both domestically and internationally.
A good example of someone who should have been a good role model was Michael Vick. He was a great athlete, good with kids and all and all, well rounded. Then when was into dog fighting everything fell by the wayside. He lost his sponsors, his friends, and had to go to prison. This was a very good thing to do, to show his fan base, (and the kids who was a role model for), that this was wrong. Honestly, how much of a disaster would it have been if kids had continued to make him their role model and thought dog fighting was okay? We would have had the whole youth of America to deal with.
New entrants to an industry, with a desire to gain market share, will put pressure on prices, costs and capital needed to compete. It can affect the profit potential.
If you have ever done something out of no benefit for yourself, but for others, the feeling is indescribable. Becoming a role model is something that is earned without the person knowing they are one. You cannot go out and try to be a role model; you will be one by being yourself. The impact of a role model is outstanding! The peers looking up to you hope to live up to the standards you set. The life experiences of one’s role model will teach and educate us in the lessons of life which cannot be found anywhere else. “If I can do it, so can you” offers so much potential to the one learning from the mentor. Seeing role models successfully confronting hardships will motivate people to endure difficulties and crises. So go out and be yourself. Be someone’s role model by taking big steps forward. Being positive is addicting.
Change is inevitable. Yogi Berra once said “The future ain’t what it used to be.” It is clear that the future of the accounting profession ain’t what it used to be (Gormon and Hargadon 1). The changes occurring are happening fast, they are dynamic and they are completely and undeniably real. Since the world around the accountant is changing, the accountant has no option but to change as well. The field of accounting has always been one to know change and to know adjustment, but within the recent past and certainly within the next few decades, the changes that are occurring and will occur absolutely are the most dramatic and exponential yet. Obvious changes lie in the expanding scope of services performed by accountants, the increased use of
Role models have an astounding effect on the lives of young people in our society. A role model has the ability to shape the views, ideals, and actions of a young person. Role models help youth to discover how they wish to become in the future. The influence that role models have over young people is tremendous. It is important for role models to be positive and responsible in instilling good morals and values because future generations are directly dependent on the role models of today. By examining the influence of role models, role models in the community, and role models in the media, we will be able to determine the true effect that role models have on the lives of youth.
The Auditor-Firm Conflict of Interests: Its Implications for Independence: A Reply. By: Goldman, Arieh; Barlev, Benzion. Accounting Review, Oct75, Vol. 50 Issue 4, p857-859, 3p