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Ethical Standards And Codes Paper

958 Words4 Pages

Intro:
Business ethics comes with different perspective for many cultures and nations. Many cultures that implement ethics to their businesses to try and build a better foundation of morals and ethics that can help attract their employees to be satisfied in their personal life and professional life. Overall, the intention of this paper is to discuss the ethical standards and codes, which are the foundation of accounting standards. Also, the paper will discuss and observe the impact of the future development, advance ethical standards and codes in the accounting field in a professional scale. Professional ethical standards and codes will be observed in order to determine what are the ethical standards and codes of the accounting field. (Brooks & Dunn, 2012).
The …show more content…

• Due Care- allows the continuous duty for a business to maintain professional knowledge and skills that are acted accordingly and diligently based on professional standards and services.
• Confidentiality- confidentiality of information that is acquired has to be respected and not disclosed by Professional Accountants to third parties without permission.
• Professional Behavior: Professional Accountants have to make sure not they are complying with applicable laws and regulations that can possibly affect their right to practice.
Importance of Ethics in Accounting In today society, management and accountants need ethics to be implemented into their daily practices. It is more important for accountants to have ethics because of the dealings of facts, figures and hard data than any other business area. This can create unethical behavior because there is small room of outlook. Thus, Accountants have to be proficiently trained to observe clients financial information and documents based on various ethic courses that can help make positive ethical choices for their

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