A Ethical Issue Of Accounting

On the other hand, from a deontological point of view, the German philosopher Emmanuel Kant with his categorical imperative states that, “Act as if the maxim of thy action were to become by thy will a universal law of nature.” (Trevino & Nelson, 2014) We can presume that those people who commit crimes to gain financially value their lives based on the assumptions that they exert to achieve this profit for the business which can give them the funds to improve their lives. In regards to the individual’s rights, we have a duty to keep social responsibility in our work and personal lives even if to opposing unethical decisions made similarly in the Tax Fraud Case of Carl William. Correspondingly, there are central principles for accounting employees to help them understand, and comply with a certain sets of ethical standards identified in the

II. Main Point #2. Contrary to popular belief, Accountants, and the tasks that they perform, are an important part of most people’s everyday life.

Accountants are relied upon to be trustworthy and maintain high ethical standards. It is because of the nature of the profession that puts them in a position of trust with people who rely on their professional judgment and guidance in making decisions. These decisions are extremely important in accounting and more so that companies that have high ethical standard or main good ethical culture spend enormous time to train the staffs about the conduct that is expected of them.

With the next presidential election just around the bend, there have been many heated policy debates on both sides of the caucuses. One of the more intriguing of these has to be the debate on the structure of the current tax system. Many GOP hopefuls are putting forth plans to impose a Flat Tax System. The scope of this paper is not to analyze, per se, the reasons behind their putting forth such ideas. Instead, this paper will attempt to analyze the ethical considerations and ramifications of a flat tax system as opposed to our current progressive system. In order to accomplish this goal the following study will: present a thorough analysis of the background surrounding this issue; the stakeholders and their involvement in the issue as well as the issues effects on each; two ethical theories and test and how they apply; and finally a Biblical interpretation on the ethical issues that will be brought to light and a suggestion to believers on what side they should take given the analysis presented.

Accountants should always carry out the public responsibility, meaning they have a responsibility to ensure that the accounting functions are performed to the highest possible standards and the information which an organisation provides for its stakeholders is true and accurate. To reach the goal of improving the performance of accountants, there might be several steps to undertake. There should be on-going education to keep abreast with the existing and emerging

Understanding utilitarianism for the accounting profession and how it is affected by following the AICPA ethical standards is critical for determining its relevance from a Christian worldview.

* Bo and Mo do explicitly say that it is up to Kevin to decide how to increase his productivity.

Due to the information, 20 acres of land equal 80 sheep according to the exchange rate of last year, a one-room cabin equal 3 acres of land and equal 12 sheep finally, a plow equals 2 goat and equal 2/3 sheep according to last year’s exchange rate and 2 carts which were traded with a poor acre of land equals 8 sheep plus 400 sheep. So Deyonne’s total assets are 500(2/3) sheep. Deyonne’s liabilities and assets deduction are 35 sheep plus 3 sheep, which will come to 38 sheep,

Ethics are crucial to the accounting profession and the business world, so choosing an ethics system to base your moral decisions on is extremely important. Accountants and all business professionals will be confronted with moral dilemmas on a daily basis. Being strong in your faith and knowing what you believe in will help you to always make the right decision. Based on this reasoning, this essay will explain why deontology is the best ethics system for the accounting profession.

It is imperative for tax professionals to understand the ethics environment of the practice. This paper is focused on the ethical responsibilities of tax professionals.

The study is important because it examines the role of ethics in accounting. The research on identified problems is necessary due to vagueness of ethics concepts and its difficulty to

Imagine trusting your hard-earned money like your retirement savings to a financial adviser or Certified Public Accountants (CPA) only to lose it all in a fraudulent Ponzi scheme. In today’s world of business many organizations, financial planners and accountants are in the news due to the financial ethical breaches that have affected their customers, employees, and the general public. A CPA has to be responsible for their audits and take any punishments as a result of their mistakes, incompetence or illegal actions. CPAs are expected to have integrity in their work,

When determining and defending the use of a particular ethical system within the confines of a profession, it is important to evaluate the system in terms of the professional culture as well as the expected professional conduct laid out within the vocation itself. The accounting profession has been evolving for thousands of years. Early accounting records date business transactions back as far as third century B.C. (Schroeder, Clark, & Cathey, 2009). Early record keeping was for internal purposes and as societies and economies expanded, it became important to maintain records for external purposes as well. According to Schroeder, Clark & Cathey (2009), by the ninetheeth centruy, bookkeeing expanded into accounting (p. 3). From this time, it has been the duty of the accountant to serve the public interest and the profession has been culitvated into an organizational culture with professional norms and standards constantly taking shape in an effort to complete an all-inclusive conceptual framework.

Integrity – Accountants should always ensure that they are honest and straightforward in their activities with every instance that they have clients. They should always maintain the lines of duty and maintain business relationships during all official duties (Nobes, 2015).

What draws me into the field of accountancy? Why do I want to launch a career as a certified public accountant (CPA)? What is there about numbers, spreadsheets, profit and loss statements, audits, inventory and fiduciary responsibility that appeal me? In this paper I will describe in detail the reasons why I am attracted to this field. Also, what are the duties and responsibilities of a CPA? How available are job openings for a person with the education and experience to work as a CPA? How well to companies compensate those hired as CPAs? These questions and issues will be thoroughly reviewed in this paper.