Ethical Considerations: Plagiarism And Being An Accountants

Rap is the most criticized music genre out there all because it has a bad history with law enforcement and the public. Like the author says

For this week’s discussion board topic of plagiarism in the professional world, I came across a story about the fourth President of Hungary, Pal Schmitt. In 2012, during his second year as president, he was accused of plagiarizing a doctoral thesis he had written 17 years earlier. University officials stripped him of his degree stating “it did not meet the professional and ethical criteria requirement for obtaining a university doctorate” (Facsar, 2012). After receiving negative backlash from the public and members of parliament Schmitt decided to resign from office.

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.

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,

Statement of Financial Accounting Concepts No. 5, “Recognition and Measurement in Financial Statements of Business Enterprises,” established a two-part revenue recognition rule for accountants to follow in deciding when to record revenues. Before revenue is recognized (recorded) in an entity’s accounting records, it should be both realized and earned, according to the following excerpt from SFAC No. 5.

The Bible and accounting have numerous similarities when it comes to ethics. First, let us take a look at the definition of ethics; “ethics are the beliefs that distinguish right from wrong. They are accepted standards of good and bad behavior” (Wild, p.8). Therefore when comparing the two we are able to distinguish certain verses in the bible, with the code of ethics in accounting that are recognized in the accounting industry or any industry at that.

There are a number of reasons which can lead to unethical behavior and practices in accounting. Unethical behavior and practices in accounting refers to when a person contravenes the rules that are designed to make sure that morality and fairness is taken into consideration in the accounting procedures of a company. A violation of these rules is what termed as unethical and should not be tolerated in any company regardless of its mode of ownership ADDIN EN.CITE Tang20031598(Tang & Chiu, 2003)1598159817Tang, Thomas Li-PingChiu, Randy K.Income, Money Ethic, Pay Satisfaction, Commitment, and Unethical Behavior: Is the Love of Money the Root of Evil for Hong Kong Employees?Journal of Business EthicsJournal of Business Ethics13-304612003Springer01674544http://www.jstor.org/stable/25075086( HYPERLINK l "_ENREF_4" o "Tang, 2003 #1598" Tang & Chiu, 2003).

If management and the board of directors take appropriate remedial action, should Barber be required to report the matter outside the company?Â

One of the first traits of someone who can be potentially imitated has to do with their popularity. In the rap culture today to be popular from my perspective one must have a club/party vibe, and they must have verses that stand out and can sound good as a social media caption. For some it’s not hard to produce this type of music; however, it does not last long term because trends are switching very fast. This is all-important because it gets the attention of the listener to find more

Ethics in any industry is important, but for Accounting professionals and those in need of their services, it is a particularly stressed element. Information provided by accountants is used to make major decisions, including investing, downsizing, expanding, etc, so accountants are expected to be competent, reliable, and have a high degree of professional integrity. Because of these high expectations, the professional accountancy industry, like many other professions, has adopted professional codes of ethics (Woelfel, 1986). These ethical codes go above and beyond the requirements for state or federal laws and regulations. There are several professional organizations within the

Accounting professionals consider standard practices of accounting and board of accountancy rules when creating ethical standards. Accountants also consider state and federal laws. Ethics and the law works hand-in-hand therefore should be on the minds of those considering the commission of fraud. The Chief Financial Officer (CFO) of Excello, Terry Reed, was considering doing such by posting a $2.1 million transaction to raise year-end earnings.

Ethics is perhaps one of the most significant disciplines that should always be evident in every profession. Just like in the field of Accountancy where adherence to the Professional Code of Ethics is an utmost importance. It serves as the foundation for the practice of one’s own profession and it helps ensure the highest quality of service to the public (Ballada, 2015). Moreover, knowledge on ethics enables an individual to make a more reasoned judgement regarding what is morally right from wrong when faced with ethical dilemmas.

Clegg, Kornberger and Rhodes: 2007 'Business Ethics as Practice': British Journal of Management 18: 107-122

Abstract. The article reviewed was Role of Independence in Ethics for SMP Accountants. The key of the abstract is to emphasize the strength of ethics and moral behavior while conducting the audit (pp. 305-306).

Basically, it can be concluded that the stakeholders are those who involved in the case; Katrina Richards, she is the partner on the engagement of ‘Global’ company. Juliette Forbes, she is the managing partner of the accounting firm. Richard and Greg, they are members of the accounting firm; they make final decision when there is any special situation especially if there is difference perspectives between firm and clients. Last, CEO of ‘Global’ James Hubert.