Ethics in Accounting

13. In my opinion, I believe that any professional accountant should be a fiduciary that represents and supports the public. Accountants should loyal, reliable, and dependable any considers the publics take first. Being fiduciary focuses on the public primarily. Accountants are in business to make a profit but they should found a rapport with the public and build a kinship. Accountants subscribe to the public because neither shareholders, accountants, companies, nor businesses would make a profit without them. If this relationship is not established, the end result may not be so healthy and result the accounting license beingness revoked.

14. It is extremely critical that a professional accountant should good understand the ethical trends. Their job should not only be about financial interest and profiting, but to focus on the needs and concerns of our public audience. Providing the incorrect information on the financial statements to show that a company is profiting more is not the outgo thing to do. In the long run, it will end up hurting more than helping them.



In the event that an accountant is caught doing so, they may face several consequences. Anyone who works with an accountant should be able to rely and trust that anything that the accountant does or says is the truth, and that thither would be no reason to second guess their judgment. at that place are three key elements of ethical reasoning; consequentialism, deontology, and the uprightness ethics. Consequentialism is the ethical decisions that will result in good consequences. Deontology is the ethical act of duty, rights, and justice. And the virtue ethics is the ethical act that provides the virtues that was think of the involved parties.If you want to get a full essay, nightclub it on our website: Orderessay



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