The Ethics Of The Accounting Profession

Overall, deontology is based upon not just by following universal rules or performing what is ought to do, but by respecting human beings as rational beings as well. Deontology judges the ethical motive of an action not by its consequences, merely by the reasoning behind it.

Deontology is an ethical theory concerned with duties and rights. The founder of deontological ethics was a German philosopher named Immanuel Kant. Kant’s deontological perspective implies people are sensitive to moral duties that require or prohibit certain behaviors, irrespective of the consequences (Tanner, Medin, & Iliev, 2008). The main focus of deontology is duty: deontology is derived from the Greek word deon, meaning duty. A duty is morally mandated action, for instance, the duty never to lie and always to keep your word. Based on Kant, even when individuals do not want to act on duty they are ethically obligated to do so (Rich, 2008).

Deontology or also know as Deontology ethics is an approach that is taken that determines the goodness and rightness of a specific act or rules and duties that a specific person has to perform. Deontology is the complete opposite of consequentialism. Consequentialism is the where the outcome of an act has a major influence and not the actual act itself. In better words it is what comes after the action that is made and not the action itself. As for deontology an action can be considered right or something acceptable even if the outcome of the action is something bad. A perfect example for deontology would be “ do onto others what you would have them do onto you.” This is just something that

This post will discuss two ethical accounting dilemmas that could occur in the CPA profession. For each dilemma, it will explain how the dilemma could be resolved based on logic and reason. It will then support that proposed resolution through support from the American Institute of Certified Professional Accountants (AICPA) Code of Professional Conduct.

Deontology is an ethical position that examines the morality of an action based on the action’s adherence to rule or rules. Many times is described as obligation or rule based ethics (Alexander). Therefore, the only actions that are considered moral are those that are performed solely for one’s duty to the moral law rather than one’s desire. Deontology is the school of thought that Kant comes from. Immanuel Kant was a critical figure in philosophy in the modern age. His work was the foundation of the most famous form of Deontology.

Accountants are held to a higher ethical standards and they must performed their duties in compliance with standards or ethical values of honesty, integrity, objectivity, due care, confidentiality, which must be fully committed to. They must put clients or public interest first before their own. They must have and ethical values and maintain those values way beyond what the society or the company’s code of ethic. It is important that accountants’ behavior or ethical values is in conformity with the

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.

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

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,

Deontological ethics are based on moral obligations, duties and rights. Rules are to guide decision making in deontological ethics. Deontological ethics have a more individualistic focus, as individuals are supposed to be treated with respect and dignity (Sexty, 2011, 7).

The Deontological ethics is marked by steadfastness to universal principles—for example, respect for life, fairness, telling the truth, keeping promises—no matter what the consequences (Halbert, Law & Ethics in the Business Environment. pg. 17).

In the late 18th century one of the most influential philosophers by the name of Immanuel Kant introduced the third major ethical philosophy, Deontology. The basis behind Deontology is that people are duty bound to act morally by certain standards despite the outcome. Determining whether a person’s actions are morally right involves look at the intent of the actions. Like other ethic theories, Deontologist applies the golden rule of treating other people the way you would want them to treat you. Deontology can be broken down into three different theories: agent-centered, patient centered, and contractualist. Each branch of Deontology can be traced back in some way to Immanuel Kant. Can Deontology be applied to today’s society?

Ethical issues have greatly transformed in our lives since the great Enron, Xerox and other huge corporations proposed big profits showing earnings of billions of dollars and yet in reality facing bankruptcy. These corporations faced great trouble with the federals and state for manipulating financial statements. But not only corporations can be blamed on this, accounting firms were involved in this as much as the corporations were. With the business stand point, ethics comprises of principles and standards that guide behavior. Investors, traders, customers, and legal system determine whether a specific action is ethical or unethical. Ethical issue is a vast subject, but we will look at the niche

As long as the largest quantity of people is receiving the greatest benefit as a result of a particular action, that action can be rationalized. With a greater understanding of the two major ethical systems proposed for the accounting profession, the evaluation of those systems becomes simpler.