The Effect Of Professional Ethics - 788 Words

The Effect of Professional Ethics in U.S. Accounting Businesses, investors, creditors rely on accounting ethics. The accounting profession requires honesty, consistency with industry standards, and compliance with laws and regulations. The ethics increase the responsibility and integrity of accounting professionals, and public trust. Ethical requirements influence the management behavior and decision-making. The financial scandal of Enron and Arthur Anderson demonstrates the failure of fundamental ethical framework such as off-balance sheet transactions, misrepresentation of financial statements, inaccurate disclosure, manipulations with earnings, etc. The confronted accounting profession and concern for ethics in businesses forced regulators to revise the conceptual framework of the accounting processes. The professional ethics in U.S. accounting contain the following problems: - Ethical issues of financial reporting – falsified financial statements to mislead investors. - Ethical issues of earning management – manipulation of accounting records to boost the company’s stock price. - Ethical issues of external accounting – failure to correct errors and omissions due to client’s pressure and personal material interests. The research on identified problems is necessary due to vagueness of ethics concepts and their difficulty to translate, gray areas of ethical judgment, and harmful ethical conflicts. It is important to advocate ethical accounting settings to build a strongShow MoreRelatedPros And Cons Of Having A Professional Code Of Ethics1683 Words   |  7 Pagesof Having a Professional Code of Ethics Introduction A professional code of ethics acts as a guide concerning ethical conduct in a given profession. However, over time, it has been termed as an impediment to intellectual and moral developments. This way or another, there are advantages as well as disadvantages that emanate from applying the professional code of ethics depending on the context of practices. For this reason, this paper discusses both sides: positive and negative effects of adoptingRead MoreProfessional Values and Ethics Paper1122 Words   |  5 Pages-1 Professional Values and Ethics Paper Rhonda Beron, Andrea De Los Santos, Emilie Goodman, and LaToya Sims GEN/200 August 16, 2010 Andrea Lara Abstract The purpose of this paper is to discuss the relationship among professional values, ethics, and career success. A person’s personal values and ethics can influence their professional values and ethics in the workplace. Finding the right balance between personal and professional views in the workplace will help foster a successful careerRead MoreThe Code Of Ethics And Systematic Ethics985 Words   |  4 Pages More in depth the research focuses on the code of ethics and moral duties of company top management. Introduction. The authors study the financial scandals and the recent financial crisis to demonstrate the gap between market processes and accounting standards. The IFRS and U.S. GAAP differ in contrary nature of accounting standards. GAAP is considered as rule-based standards, while IFRS viewed as a principle-based. Therefore, the professional judgment on financial improprieties is highly importantRead MoreRole Of Corporate Ethics On Financial Performance945 Words   |  4 PagesAbstract. The article reviewed was The Role of Corporate Value Clusters in Ethics, Social Responsibility, and Performance: A Study of Financial Professionals and Implications for the Financial Meltdown. The key of the abstract is to demonstrate the influence of corporate ethics on financial performance. The financial meltdown negatively influenced top management mindset regarding professional ethics (p. 15). Introduction. The authors study 2008 collapse of financial system to analyze the link betweenRead MoreEthical Healthcare Issues Essay1193 Words   |  5 PagesHealthcare Issues Paper Wanda Douglas Health Law and Ethics/HCS 545 October 17, 2011 Nancy Moody Ethical Healthcare Issues Paper In today’s health care industry providing quality patient care and avoiding harm are the foundations of ethical practices. However, many health care professionals are not meeting the guidelines or expectations of the American College of Healthcare Executives (ACHE) or obeying the organizations code of ethics policies, especially with the use of electronic medicalRead MoreEthical Issues Faced by the Accountancy Profession Essay1747 Words   |  7 PagesEthics plays an essential and integral part in the accountancy profession. Professional conduct plays an important role in establishing public trust in financial reporting and business practise. Yet this can and has come under threat when clients and employees are exposed to the risk of fraud when accounting ethics are not adhered to. Codes of ethics are adopted to ensure the reliability, comparability and integrity of financial statements. Ethical standards exist to safeguard the fundamental principlesRead MoreEthical Self Ass essment1015 Words   |  5 Pages545 Teela Carmack 04/13/2015 Ethical Self-Assessment Paper Healthcare professionals are faced with ethical dilemmas frequently in the healthcare industry and they have the ability to influence patient care outcomes. Healthcare professionals face difficult choices concerning what is best for the patients and can sometimes become entangled with ethical dilemmas. Ethical decision making helps the healthcare professionals make the difficult choices when they are faced with an ethical dilemma. ThoseRead MoreCritically Evaluate Medical Ethics And Legal Issues1263 Words   |  6 PagesCritically evaluate medical ethics and legal issues Introduction Medical ethics and legal issues have been a key topic in medical field for many years now. It is important for medical professionals to understand the importance of the way we care for patients, it is therefore important to be knowledgeable and aware of the medical ethics and legal issues that govern good patient care. Health care professionals must make decisions based on ethical and legal issues to performance their regular dutiesRead MoreThe Ethics And Ethics For Smp Accountants869 Words   |  4 Pagesreviewed was Role of Independence in Ethics for SMP Accountants. The key of the abstract is to emphasize the strength of ethics and moral behavior while conducting the audit (pp. 305-306). Introduction. The author studied professional ethics and auditor independence at small and medium firms. The researcher compared ethics with values, and laid emphasis on the credibility as one of the most important ethics element (p. 306). The concept of auditor independence and ethics has significantly changed for theRead MoreA Study On Malaysian Institute Of Accountants1416 Words   |  6 Pages The Malaysian Institute of Accountants website offers viewing of the code of ethics for practicing accountants (2010). As per the website and information therein, The Malaysian Institute of Accountants set up the Ethics Standard Board in June 2009 in order to supplement the Malaysian Government’s push to promote greater integrity and ethics. The vision of the Ethics Standard Board is to adopt high quality professional and ethical standards for the accountancy profession. Their mission is to promote

Civility As A Moral Issue - 1537 Words

34-129-01 (2014 Fall) | Callum McGill | Civility As A Moral Issue | Page 1 The idea of civility being a moral issue is a centuries old discussion. In our readings, we look at various works from the famous philosopher, who is Aristotle, as well as the theories and research by Twenge and Campbell. Aristotle discusses, in detail, the complexities of moral character, and Twenge and Campbell examine narcissism and what it is to be a narcissist. Civility, which is defined as, â€Å"acting in a cooperative way that supports the integrity and flourishing of the community for the sake of which morality exists† (Letteri, 2014), is a moral issue. A moral issue, in comparison, is defined as â€Å"an issue that involves a difference of belief and is not a†¦show more content†¦This is a very important moral issue because since children are being taught at a young age to act narcissistic, they don’t 34-129-01 (2014 Fall) | Callum McGill | Civility As A Moral Issue | Page 2 know that it is wrong. These generations truly believe that incivility is acceptable, because that is what they’ve been taught to believe. Twenge and Campbell write, â€Å"Every culture is shaped by its fundamental beliefs, and in America today there are few values more fiercely held than the importance of self-admiration. Most of us don’t tattoo our bodies, but it is tattooed onto the flesh of our body of cultural beliefs† (Twenge, and Campbell, 14). The tattoo analogy used is incredibly significant because of what the authors are trying to say. Not only does this signify the permanence of this narcissistic epidemic, shown through the permanence of a tattoo, but also through the fact that everyone is involved in this problem; not everyone gets tattoos, but self-admiration is tattooed into the fundamental beliefs of everyone in society, whether they like it or not. The permanence of this i ncivility is a very possible reality, because through the teaching of narcissistic traits at a young age, this changes an individual’s habits, which are difficult to break. The philosopher, who is Aristotle, writes, Thus, in one word, states of character arise out of like activities. This is why the activities we exhibit

Leonardo da Vinci in our life Essay Thesis Example For Students

Leonardo da Vinci in our life Essay Thesis Leonardo dad Vines contribution to the era of Renaissance The Renaissance era created an immense amount of talented scientists, artists, inventors, and philosophers who contributed great deal to the development of human race. In history it is hard to find a similar genius individual as the creator of High Renaissance art Leonardo dad Vinci. Even afterwards of research on his creations, we are still captivated by the brilliance of his works. Leonardo dad Vinci was an artist, a sculptor, an architect, a philosopher, a historian, a mathematician, a physicist, a mechanic, and an astronomer. Consider Leonardo a genius of the High Renaissance. He was undeniably way ahead of his time, and is undoubtedly one of desegregates geniuses that ever lived. He played an enormous role in the development of art and science of the High Renaissance in Italy. His creations Last Supper (495-97) and Mona Lisa (1503-06) are among the most widely popular art works of the Renaissance. The Mona Lisa painting is a good example of his work which contributed to the development of art in the Renaissance. The Mona Lisa is a portrait of a wife of a Florentine noble. She refused to smile; Leonardo even tried ring musicians but that didnt change her mind. At last, Just for a second she smiled faintly and Leonardo was able to capture it. In his drawing Leonardo masters the techniques of Suffuse and Chiaroscuro. Suffuse involves the most gradual transition from one color to another, giving it a very delicate and expressive image. As mentioned in the studies, Chiaroscuro highlights the contrast of light and shadow. In the Mona Lisa, this is most evident in the contrast between the face and the dark background. I consider the Mona Lisa his most beautiful creation. Leonardo dad Vinci highly influenced the development of science of the High Renaissance in Italy. He is considered one of the prominent contributors to the scientific discoveries of the era. Dad Vinci extended his studies into science and other subjects. For example, he drew complex models of flying machines, as he was fascinated by flight. He also attempted to build flying objects himself and designed an immense amount of mechanical devices. Based on his studies of birds, he drew a human powered ornithology, which is a wing flapping machinate would fly, mimicking the movement of a bird in flight. As a result, some of the machines that he drew on paper such as helicopters would become reality many centuries later. He also had knowledge in the studies of anatomy and was one of the first to understand the circulation of blood in the human body. There seemed to be no limit to his interests and work. Leonardo dad Vinci is one the most prominent individualists lived in the Renaissance era and contributed a vast amount of scientific discoveries and beautiful works of art which are genius and timeless. Leonardo looked far ahead of his time and influenced our generation and development of the modern world today. Leonardo dad Vinci in our life By Andrews