Ethics In Accounting Ethics

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Abstract. The article reviewed was A Fresh Look at Accounting Ethics. The abstract emphasizes that the laws and regulation will not restore the trust in the stock market. Only the ethical leadership of the accounting professionals can rebuild the trust of investors and the public (p. 47).
Introduction. The author studied the professional ethics of the accounting profession. The researcher indicated that the accounting profession should be built on the integrity, trust, and commitment (p. 47). The Moral Judgement is fundamental in the professional recognition. Accounting ethics is a priceless asset that should support the profession traditional values. The main objective of the research is to analyze the role of accounting ethics in the U.S.
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The author used a systematic review of literature in the research. The researcher studied the AICPA Code of Professional Conduct and the Sarbanes Oxley Act of 2002 to analyze the requirements for the auditor professions and values of their duties. The accounting reputation can be increased through the professional skepticism and integrity (p. 48). The researcher agreed with Chesterton (2001) that the lack of morality leads to the financial disaster. Ethical values can have different sources, such as religion, history, personal experience, etc. All of them have the same ethical basis (p. 48). The goal of ethics in accounting is to guide businesses or clients using the code of conduct, and stay motivated by the trust of citizens. The researcher believed that the success is measured by the personal integrity of accounting professionals (p.…show more content…
The author used a qualitative analysis in research. The researcher discussed how corporate scandals increased the prison sentences of accounting fraud. Since then, regulations mandate the requirements for ethics. However, accounting professionals are seeking guidance on implementation of the ethical framework. The author compared the downfall of financial market with a collapse of civilization (p. 48). The accounting managers should follow their integrity to make a right choice. Financial scandals of the early 2000th demonstrated that the unethical behavior of the company management and auditing firms destroy the ability of booth to function. The researcher indicated that the ethical business practice is the only tool that will increase the company ability to survive in the long-run (pp. 48-49). The leadership team is responsible for the ethical behavior of employees and its consequences. Therefore, it is important to educate accounting practitioners on the value of ethics, not the consequences (p.

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