Ethics in accounting essay

In accounting, ethics and integrity standards are based on a broad commitment to honesty, impartiality and objectivity. Ethical standards also require that accountants present information in the clearest and most accurate way possible, with the expectation that the information constitutes an independent report of a business' financial situation. In most cases, this requires not just observing professional rules but also recognizing the potential for harm, using reasoning and judgment to resolve ethical conflicts and displaying moral integrity and motivation to apply a resolution.

Accounting rules and regulations exist to ensure that financial statements are useful to their end users in their financial decision-making. For financial statements to be useful, the information presented therein must be accurate, faithful to the financial circumstances and be produced in time to help the decision-making process. Poor ethics in accounting result not only in increased incidences of criminal activities, but also hurt the business through harming its reputation and rendering their financial statements untrustworthy and thus useless.

Key Contacts:
W. David Ellrich , CPA/ABV, ASA, CFE, CVA, CFF Managing Partner (561) 624-0355 Dave@ Palm Beach Gardens & Miami
Karyl H Neal , CPA/PFS Partner (561) 624-0355 Karyl@ Palm Beach Gardens
Matthew Stohlman , CPA/ABV, CFE, CFF Partner (561) 624-0355 Matthew@ Palm Beach Gardens
Matt Smith , CPA/ABV, CVA, CFF Partner (561) 624-0355 Matt@ Palm Beach Gardens
Terri Melton , CPA Partner (561) 624-0355 Terri@ Palm Beach Gardens

Ethics in accounting essay

ethics in accounting essay


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