Accounting profession

goal of the accounting and audit professions is to provide statements and information on behalf of a firm that are reliable and relevant to users. In order to accomplish this goal, the accounting and audit professions have continuously evolved in order to meet the needs of said users. In this new age of accounting, we feel the need for accountants and auditors to further modify their methodology and process. With the focus of accounting and auditing staying the same, we in the profession must be sure

|Francis Marion University | |Exposure of the Accounting Profession To Increasing Liability | |Response of the Profession | |

A Library Research on INFORMATION TECHNOLOGY AND ITS SIGNIFICANCE IN THE ACCOUNTING PROFESSION IN TODAY’S MODERN SOCIETY Presented to Elizabeth D. Kapulong, MA.Ed UST-AMV College of Accountancy As a partial requirement to complete the course, English 3 Prepared by The Tributes Members: Sahagun, Abbie Rose R. Pelaez, Angelica Marie, Cantoria, Gabrielle Alcid, Ariane Santiago Steffany August 22, 2012 ABSTRACT Table of Contents I. THE PROBLEM AND ITS BACKGROUND 4 A

opportunities faced by minorities in the accounting profession. The goal that founders hoped to accomplish was to establish an organization that not only addresses the concerns of incoming accounting professionals but to make a commitment to professional and academic excellence as well. Claiming the motto “Lifting as We Climb”, this organization is dedicated to inspire and help one another in building leaders and shaping future professionals in Accounting, Finance, Consulting, Information Technology

word ethics and immediately think of government or the law. Not only does ethics have a role in government, it also plays a major role in business, including accounting. Schroeder, Clark & Cathey (624) states that the “reason for a high level of ethical conduct is the need for public confidence in the quality of services provided by the profession.” Ethical conduct not only encourages a high standard of performance; it also encourages a high quality of professional service. Enron’s financial scandal

than likely you will make a fair and impartial decision when necessary. The accounting profession is based on the honesty, integrity, and word of those in this profession. That is truly who they are in the eyes of the public and with this comes great responsibility to all those involved. We will be evaluating two ethical systems in this paper and deciding which would be the most appropriate for the accounting profession. The first ethical view that we will discuss is Deontology. Deontology

Discussion Board 1: Case 1-5: The Evolution of the Accounting Profession Throughout history the accounting profession has seen continuous growth. It has even been discovered that an elaborate accounting system was utilized as early as 8000 to 3000 B.C. (Schroeder, Clark, & Cathey, 2014). Humans have deemed it necessary for centuries to account for money and inventory items. In the nineteenth century, the accounting profession took another major step forward when the joint ventures evolved into corporations

word ethics and immediately think of government or the law. Not only does ethics have a role in government, it also plays a major role in business, including accounting. Schroeder, Clark & Cathey (624) states that the “reason for a high level of ethical conduct is the need for public confidence in the quality of services provided by the profession.” Ethical conduct not only encourages a high standard of performance; it also encourages a high quality of professional service. Enron’s financial scandal

The accounting profession is perhaps one of the most diverse of them all. Not only are there many different accounting functions such as financial reporting, auditing, accounts receivable, budgeting, investments, analysis, or fixed asset accounting (to name a few), but there’s the fact that accountants are needed for almost every business in every industry. So it comes as no surprise that these are positions with great responsibility. Accountants are often called the gatekeepers of a business’

The Implications of the Sarbanes Oxley Act on the Accounting Profession Abstract On July 30, 2002, the Sarbanes Oxley Act (also known as SOX) was signed into law by President George W. Bush. The Sarbanes Oxley Act of 2002 is a federal law that set new or improved standards for all U.S. public company boards, management and public accounting firms. Covered in the eleven titles are additional corporate board responsibilities, auditing requirements and criminal penalties. This