Accounting Ethics
This paper will discuss the public perception of CPAs in today's society, pitfalls that they may encounter, methods to prevent some of these negative behaviors and consequences they may face should they fall short.Most "Who Do You Trust?" surveys rank politicians, lawyers and used car salesmen at the bottom and certified public accountants at the top. That is because the CPA profession has a squeaky clean image--anal-retentive little wimps who wear thick glasses and cannot get a date. CPAs are known and respected for their honesty. The profession that goes out of its way to project that image, and there is a certain amount of truth to it. Not all accountants are anal-retentive little wimps who cannot get a date. Many of them are quite articulate. Some are quite lovely. In some schools, more than half of the accounting majors are women. Also, not all CPAs are squeaky clean and respected for their honesty. Some are quite dishonest and are putting a black mark on the image of the entire profession. There is one area where the CPA profession has fallen short of protecting the public interest. The general duty that accountants owe to their clients and the other persons who are affected by their actions is to
An administrative proceeding may result in the revocation! of an accountant's license to practice or the suspension from practice. In addition, his wrongful conduct may be the subject of administrative proceedings by the Securities and Exchange Commission and state licensing boards. What are the consequences of these unethical behaviors? Accountants can be held liable for damages to clients and to third parties, he may also be found criminally liable for violation of securities, tax, and other laws. An emphasis on codes of conduct may result in students' failure to "develop discretion and judgment . In doing research for this paper, it has helped to open my eyes to the many aspects of this profession. Accountants have great responsibilities to their clients and to society. Finally disciplinary proceedings may be brought against an accountant by professional societies such as the AICPA. "Set the stage for" a change in ethical behavior. I know that one must take his/her job and the trust instilled in them very seriously, because each and every day, with each and every client, he/she is representing an entire field of colleagues, whom have to deal with this issue on a regular basis. Another element and responsibility is owed to clients and other persons, that is that accountants should observe a standard of ethical or social responsibility. Relate accounting education to moral issues. Emphasis on rules may quickly become training in how to get around the rules while remaining technically legal. While students must be acquainted with professional codes of conduct as part of their preparation for a career, most researchers on ethics do not consider such material to be sufficient grounding in ethical training .
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Acceptance Essays
