Ethical Considerations: Plagiarism And Being An Accountants

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

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

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,

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.

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).

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.

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

The accounting world has changed dramatically during the last two decades, yet at the same time its core responsibilities remain the same as it has in previous eras. Ethically speaking, company accountants and outside accounting firms have been at the crux of many of the disasters that have befallen major corporations both in America, and globally. The word 'Enron' is a prime example of a company becoming a hiss and a byword, and the lack of ethics evidenced in that case is quite blatant. One report states that "after some significant financial scandals around the world, such as those involving Enron, WorldCom, and Arthur Andersen, various United States bodies have appealed to the public for a greater emphasis on accounting ethics" (Ho, Lin, 2008, p. 883). With that demand for higher personal and company-wide ethical standards and behavior has come a shift of the public's perception concerning the role of accountants and/or accounting firms.

Paper concentrates on the specific instance of professional ethics in the connection of the accounting calling. After quickly examining late occasions that made us reevaluate our understanding of corporate governance, accountancy and ethics, we attempt to delimit the cutting edge by taking a gander at ethics from the accounting callings ' point of view. Instructing ethics to accounting understudies ought to no more attempt to persuade them that they ought to act in an ethical way, however raise their mindfulness with respect to ethical issues in accounting practice. Codes of ethics are subsequently helpful by considering normal issues being managed inside the business environment. It is here that we attempt to bring our commitment by building up a theoretical methodology that would improve ethical conduct. At the point when intending to elucidate professional ethics, we nearly break down respectability taking into account the most recent improvements embraced by European professional bodies. Discoveries are utilized as a part of recognizing approaches to add to the attempt of adjusting the calling 's execution to society 's sensible desires.

Ethics, also known as moral philosophy, is a branch of philosophy that addresses questions about morality—that is, concepts such as good and evil, right and wrong, virtue and vice, justice and crime, etc.

Ethics are principles of behavior based on the ideas of what is good and what is bad. Business ethics, or also known as corporate ethics, is a form of ethics that is used in the business environment. The study of business ethics looks at the decisions that businesses make and whether those decisions taken are right or wrong. Many company executives are unethical, because their number one goal is not to satisfy customers, or clients; Instead their number one goal is to make as much profit as they can no matter what. What this type of companies fail to realize is that there is long-run and short-run profit maximization. A company can maximize its profits by in the short-run by being unethical; however, in the long-run, the bad publicity, lawsuits, etc. will make the company suffer plenty in both the public appearance and the monetary aspect. One of the biggest legal scandals of a company being unethical was in 2001, when, Enron, a natural gas pipeline company went from having $65 billions in assets to being bankrupt 24 days after. Enron Corporation was founded in 1985, in Houston, Texas, it was a merger between Houston Natural Gas Co. and InterNorth Inc. Enron reached dramatic heights, it was the seventh largest corporation in America, and named the “Most innovative company” by Fortune magazine for 6 years straight. Enron innovated the entire natural gas market by adding a natural gas trading segment; making it the world 's largest energy trading company. At its peak

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.

Accounting Ethics are a study of ethical values and verdicts relevant to the accounting world. It is an example of professional ethics.

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.

exchanges. The Socratic strategy served me well as a director in helping me to work with