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    Ethics in Accounting

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    Prabh Simar
    Ethics plays a crucial role in the accounting profession. Accountants have access to sensitive financial information and are responsible for providing accurate financial reports to maintain public trust and comply with legal requirements. This helps ensure professionalism and manage risk for the reputation of the accounting profession which relies on the integrity and ethical principles of accountants.

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    Ethics in Accounting

    Uploaded by

    Prabh Simar
    24 views9 pages
    Ethics plays a crucial role in the accounting profession. Accountants have access to sensitive financial information and are responsible for providing accurate financial reports to maintain public trust and comply with legal requirements. This helps ensure professionalism and manage risk for the reputation of the accounting profession which relies on the integrity and ethical principles of accountants.

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    Ethics plays a crucial role in the accounting profession. Accountants have access to sensitive financial information and are responsible for providing accurate financial reports to maintain public trust and comply with legal requirements. This helps ensure professionalism and manage risk for the reputation of the accounting profession which relies on the integrity and ethical principles of accountants.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    24 views9 pages

    Ethics in Accounting

    Uploaded by

    Prabh Simar
    Ethics plays a crucial role in the accounting profession. Accountants have access to sensitive financial information and are responsible for providing accurate financial reports to maintain public trust and comply with legal requirements. This helps ensure professionalism and manage risk for the reputation of the accounting profession which relies on the integrity and ethical principles of accountants.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 9

    Ethics in Accounting

    Ethics plays a crucial role in the accounting profession, as


    accountants have access to sensitive financial information
    and are responsible for providing accurate and reliable
    financial reports to stakeholders. The reputation of the
    accounting profession rests on the trust that clients,
    investors, and the general public have in the integrity of
    accountants and their adherence to ethical principles.
    What is Ethics in Accounting?

    • Ethics is the set of moral principles and values


    that guide the behavior of individuals and
    organizations in making decisions that are
    considered to be right or wrong.
    Ethics at work
    • Tell me about a time you faced an ethical dilemma.
    • What would you do if you witnessed a friend acting
    unethically?
    • What would you do if a supervisor asked you to perform
    an unethical task?
    • What would you do if you suspected a supervisor was
    behaving unethically?
    Importance of Ethics in Accounting

    1.Maintaining Public Trust. 


    2.Legal Compliance.
    3.Maintaining Professionalism. 
    4.Risk Management. 
    Humans are complex beings, and our world is also complicated. This can make
    it hard to parse the good from the bad and right from wrong. Take a moment
    to consider some of these philosophical questions about behavior and human
    nature.
    •  What is the difference between good and bad people? 
    • Is it essential to be a “good person”? 
    •  Are some people more important than others? 
    • Is the death penalty right or wrong? 
    •  What is wisdom? Is wisdom a helpful tool? Why is wisdom often associated
    with age? 
    • If a person has an accident and is no longer able to contribute to society, has
    their value as a person decreased, increased, or stayed the same? 
    • If someone’s intentions were good but the outcome of an action is terrible,
    at that moment, is the person good or bad?
    • If someone does a kind deed but has a selfish motive, does that
    impact the goodness of the deed? 
    • Are people born with a specific personality, or is the character the
    result of their circumstances?
    •  Is lying ever a good thing?
    •  If you steal money but use it to save someone’s life, does that justify
    the theft? 
    • Should someone being ignorant be a valid excuse for their rudeness? 

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