Accounting Ethics

Length: 4 Pages 1121 Words

What are accounting ethics? The answer to this question may be as simple as an accountant that complies with all the relevant rules and regulations. Or it may be more complex detailing the way in which a corporation represents itself to the world In August 2001, the American Accounting Association did an experiment to map ethical development and unethical behavior. The experiment dealt with numerous students trying to purchase and sale cards. One group of students are sellers while the other group are the buyers. The sellers were given four cards either black or red, where the black cards are a dollar and red cards five dollars. Sellers would then try and sale the card at a higher value in hopes of reaching a certain goal given to them by the instructor. The reason the seller must try and beat this goal is in order to obtain twenty dollars. The buyers were selected to either be high or low quality buyers. Buyers are also able to earn money by acquiring a sufficient number of cards. Finally the subjects switched roles and repeated the same process. According to Kohlberg’s theory, moral judgment determines moral action simply states, individuals who have a higher level of ethical development should behave in an ethical manner. Continue...


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And there's no way that you're going to be able to rebuild credibility with the stockholders and consumers when you're trying to play catch-up from the last fraudulent act. By denouncing Kohlberg's theory and supporting Ponemon's experiment it still leaves the question, what is ethics Ethics is a complicated field that cannot be defined with a single definition. One explanation is that personal and corporate ethical standards have fallen. Confidence in CPAs and their institutions are even lower. Unfair actions hinder the development of relationships between CPAs and the organization they represent. After research, I've found that ethics now compared to several years ago has increased, and lack of accounting ethics will rise again. As an accountant a permanent problem is created in terms of how people view you as an individual and how they view the organization. Ethics is a code of conduct and values that is accepted by society as being right and proper. A person who cannot be trusted to do the right thing fails to win the respect of others. Ethics is a code of conduct and values that is accepted by society as being right and proper. In the daily scramble to get ahead, earn a profit, and outwit competitors, some people do not play by the rules. It has to do with what should or should not be done. However, there is always the possibility of divergence from what is considered to be ethical and what is actually practiced. No-one commands more respect and admiration than the worker who adheres to ethical principles and exhibits professional behavior.

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