Accounting and Ethics
DO ETHICAL STANDARDS EXIST IN ACCOUNTING DEPARTMENTS? Purpose: This analytical report is a required assignment in Kimmerly Brady's Business 205 course. Due to time constraints the primary data (survey) required for the report were gathered in a limited fashion. A survey was developed, an a procedure was considered; however, the responses are the results of only ten collected surveys. The responses are only included to demostrate a n understanding of primary data usage. The purpose of this report is to convey the message that ethics are the foundation of the accounting profession. In order to maintain discipline & order in the professional realm, rules of ethics are not satisfactory enough to ensure the integrity of Accountants. Education and training in ethical matters should be mandatory for Accountants; evaluation and monitoring of their adherence to these rules is climacteric for maintaining standards. Ethical codes of conduct and compliance of these codes should be required in today's accounting firms for honorability to exist. CPA's are licensed practitioners, who as Accountants express
I interviewed one Accountant at a company called Panavision Remote Systems. "In the wake of the stock market crash of 1929, Congress enacted the securities legislation of 1933 and 1934, which require corporations with publicly-held stock to submit to annual audits of their financial statements of external auditors. Certain ethical codes must be accepted and adhered to by all members of the American Institute of Certified Public Accountants"(Kidwell, 2001, pg. 46). 10 100 RECOMMENDATIONS1. All places of business, whether large or small, implement in house ethics training seminars. 2. Accounting firms hire ethics officers to ensure ethical standards3. Ethical training needs to be emphasized more in education4. Companies need to have more open-door policies and closer relationships with their employees This Accountant that I interviewed has 10 years of accounting experience. This accountant said "that he would welcome any in house training program regarding ethics because ethical training is essential in accounting".
Some common words found in the essay are:
Percent Agree, Colleges- Today's, AICPA Kidwell, Ethical Code-, Accountants Education, Brady's Business, Warth Firms, Conduct Code, Systems Accountant, Public Accountants, 2001 pg, warth 2000 pg, warth 2000, 2000 pg, ethical standards, 10 100, accounting firms, ethical training, business students, ethics program, ethical issues, opinion 0 0, 2000 pg 69, 2000 pg 70, 0 0 disagree,
Approximate Word count = 2014
Approximate Pages = 8 (250 words per page double spaced)
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