ipl-logo

Comparative Analysis Of Code Of Ethics

1166 Words5 Pages
bulb-icon

Recommended: Ethical issues faced by accountants

Introduction

This report is about comparative analysis of the given question ‘Do an accountant need to be ethical?’ This comparative analysis report includes comparison and contrast among the relatable sources used, explained accordingly and the list of references. Simply ethics is a code of fundamental principles so accounting professionals can demonstrate honesty and fairness to maintain the public trust and profession. This comparative analysis report compares and contrasts on how code of conduct or ethics are used, relation with accountants in different cases and sources to support the argument.

Source 1: Code of Ethics
Na.theiia.org.(2017). Pages- Code of Ethics.[online] Available at: https://na.theiia.org/standards-guidance/mandatory-guidance/Pages/Code-of-Ethics.aspx …show more content…

Weed, G. (2017). Cite a Website - Cite This For Me. [online] Bizfluent.com. Available at: https://bizfluent.com/how-does-4571925-why-ethics-important-accounting.html [Accessed 13 Dec. 2017].

Interpretation:
This website is about how variety of reasons exist to have proper ethics and ethical behavior. The explanation is also about how the accounting profession is related to sensitive information of each individuals, their clients such as social security or bank account numbers. And this website has observed how being ethical in accounting can give a power to accountant to maintain trust between their clients which cannot be abused.

Analysis:
Ethical and unethical
There is variety of reasons to have proper ethics and ethical behaviour. Accounting profession is related to sensitive information of each individual, their clients such as social security or bank account numbers. To be ethical in accounting can give a power to accountant to maintain trust between their clients which cannot be abused. Poor ethics in accounting results a lag in …show more content…

This also explains not only accountant but also management also become unethical if there will be some gain.

Analysis:
Importance of ethics in management and accounting
Each day accountant has to deal with the management just to show the false report of the certain organization. It is unethical to pressure accountant to produce the false report just to maintain the reputation of the business. And it is also unethical to deliberately falsifying its results to hide the cyclical nature if business.

Conclusion:
As a whole this source tries to explain about how the management is pressuring accountant to conduct the false information just for personal gain. As this source shows a part that the accountant are not ethical for their own gain but because of the pressure from management.

Source 6: Ethical issue facing by the accounting profession
Lister, J. (2017). Ethical Issues Facing the Accounting Profession. [online] Smallbusiness.chron.com. Available at: http://smallbusiness.chron.com/ethical-issues-facing-accounting-profession-18307.html [Accessed 14 Dec. 2017].

Show More
Related

Wgu Gke2 Task 2

277 Words | 2 Pages

In this situation I would not want to shut down any of my community based organizations. Knowing that the closure would lead to loss of jobs and affect the community as a whole. For starters I would look over our budget to see if there where any areas that I could possibly cut cost or do without. Going by a budget can also help you minimize risk for future obstacles. By eliminating unnecessary cost hopefully will increase funding so that layoffs will not be my only option.

Read More

NAADC Code Of Ethics Analysis

449 Words | 2 Pages

The NAADC Code of Ethics are stipulations that dictate the attitudes and behaviors of people. The NAADC Code of Ethics provides guidance for individuals in the addictions behavioral health field to perform as honest and virtuous professionals. The codes suggest identifying your own strengths and weaknesses, skills, and areas that need improvement. The NAADC codes were established to direct the members. The regulations are the criteria of behavior for addiction experts.

Read More

Nasw Code Of Ethics Case Study

1231 Words | 5 Pages

Core Values and Ethical Principles The six core values recognized by the NASW Code of Ethics are: service, social justice, dignity and worth of person, importance of human relationships, integrity, and competence (NASW, 2008). These values are defined and expanded upon, and are then listed as ethical principles. Several of these principles apply to this case.

Read More

Nurse Anesthetist Ethics

492 Words | 2 Pages

The American Association of Nurse Anesthetists (AANA) has adopted this Code of Ethics to guide its members in corresponding to their

Read More

Iamf Code Of Ethics Analysis

412 Words | 2 Pages

When reading the IAMFC Code of Ethics and AAMFT Code of Ethics I found that they compare significantly, much more than they contrast. Many of the principals coincide. For example, the topic of multiple relationships is one of the many principles that parallel in many codes of ethics. The IAMFC Code of Ethics encourages family counselors to “avoid whenever possible multiple relationships, such as business, social, or sexual contacts with any current clients or family members” (Section A). Similarly, the AAMFT Code of Ethics also requires that therapists “make every effort to avoid conditions and multiple relationships with clients that could impair professional judgment or increase the risk of exploitation.

Read More

Nc Code Of Ethics Analysis

336 Words | 2 Pages

The North Carolina State Board of Education outlines the professional standards to which teaches should uphold within, and even outside of, the classroom. These standards are comprised of the commitment to the student, commitment to the school, and commitment to the profession. Also, the Code of Ethics includes the professional conduct which entails, honesty, the acknowledgement of the rights of others, keeping information confidential, and compliance of criminal laws (NC State Board of Education, 1998). Ultimately, the NC Code of Ethics is a set of rules in which teachers must uphold during their career. Discussion Commitment to the Student

Read More

Wells Fargo's Ethical Ethics Of Wells Fargo Financial Corporation

1347 Words | 6 Pages

It is essential for individuals and those representing an organization to understand what is an ethical dilemma. Wells Fargo financial corporation was involved in a dramatic ethical issue due to millions of unauthorized bank account openings. As explained in The PLUS Ethical Decision-Making Model, “many organizations battle to develop a simple set of guidelines that make it easier for individual employees, regardless of position or level, to be confident that his/her decisions meet all of the competing standards for effective and ethical decision-making” (n.d). The Wells Fargo scandal is evident prove that employees lacked ethical judgment and management supervision. The seven ethical decision-making steps foster straightforward thinking that

Read More

NASW Code Of Ethics Comparison

907 Words | 4 Pages

Profession Code of Ethics Comparison As a social work student, we are provided with the foundational education necessary to succeed in our profession. The National Association of Social Work (NASW) Code of Ethics is the most significant publication because it “is intended to serve as a guide to the everyday professional conduct of social workers” (NASW Code of Ethics, 2017). For this assignment, we are charged with exploring other professional codes of ethics to gain a better understanding of how they may be similar or differ from one another. Therefore, I choose to explore the American Counseling Association (ACA) Code of Ethics with the intention of conducting a comparison analysis of both documents.

Read More

AICP Code Of Ethics Case Study

318 Words | 2 Pages

Planning is transforming socially, but to achieve change it has to bring together, politicians, planners, and residents (Sandercock, 2004). Citizen’s opinions and rights should be taken into consideration. It is the number one rule in the planning process for participants. It says, “recognize the rights of citizens to participate in planning decisions” (Ethical, n.d.). Cities cannot progress unless they change their ways of doing things.

Read More

Wells Fargo Ethical Theories

468 Words | 2 Pages

Recently Wells Fargo’s scandal of creating phony accounts has raised ethical concerns in the corporate world. Wells Fargo employees opened more than two million unauthorized bank and credit card accounts to meet sales projections. The company was charged with huge fines and earned a bad reputation that will take years to rebuild. According to the Deontological perspective on ethics least some acts are morally obligatory.

Read More

Volkswagen Code Of Ethics Analysis

1155 Words | 5 Pages

Its code of ethics can be found in the Appendix. A Code of Ethics describes standards of conduct of an organization 's

Read More

Ethics And Moral Issues In The Enron Scandal

931 Words | 4 Pages

(Johnson , 2014 ) In this case , it shows that under normal circumstances the management level of a company or corporation will choose to hide the truth over honesty and integrity .In other way , profitability has override the important of ethics in the corporation .

Read More

Literature Review On Unethical Behavior

2877 Words | 12 Pages

Review of Literature Unethical behavior can tarnish a company’s image and reputation. If a company is unethical, they may have to spend additional money to improve their public image, as well as gain back as many customers as possible. The reason I have chosen to use articles that are quite a few years old and that are not so recent is because I feel that they are very good examples of what I am trying to prove in the terms of ethical behaviour within companies and these specific articles relate well to my chosen topic.

Read More

The Importance Of Business Ethics In International Business

1039 Words | 5 Pages

Basically, ethics are at their essence which is it is the moral judgments about what is right and what is wrong. Business ethics is focusing on examine the policies and conduct within the context of commercial enterprise in an organizational as well as in an individual level. In business, the ethics in business is an applied ethics where professionals and researchers use principles and theories to solve any ethical problems that exist in business. At the quarter of the 20th century, as technologies like internet have made world business or international business all more viable, the business ethics domestically have grown in importance along with the power and significance of major businesses. So that, international business ethics take center stage as a major concern of the modern era.

Read More

The Importance Of Business Ethics In The Business Environment

1813 Words | 8 Pages

This statement is supported by Bennett (2014) wherein ethics clearly defines what is the right and wrong things and shapes what kind of behavior the business should act on. For the sense of business according to Joseph (2013), ethics are constructed and decided by each business and underpins decision that an employee makes. When it comes to the business’ environment, a well-constructed ethics is a key for a considerate and responsible decision making in a business (Bennett, 2014). Business Ethics is very important inside the company, it will show the moral standards that a company or business have whether it is right or wrong and good or bad.

Read More

More about Comparative Analysis Of Code Of Ethics

Related Topics

Open Document