ETHICS IN ACCOUNTING

Ethics are an important part of society, as these are standards that people should live by in their everyday lives. Within the world of business especially though, ethics play a huge role. Having bad ethics in the work of business can seriously damage a person’s firm and ultimately ruin their career. In the field of accounting, ethics are most important in order to be a successful account that is looked up upon.

This can be due to the fact that accountants work very closely with their clients and on a personal level too. There are a set of principles, or rules that accountants must follow in order to stay within the code of ethics. If one does not follow these guidelines, the penalties are crucial. In order to stay an ethical accountant, you should follow the principles which are integrity, objectivity, confidentiality, and professional competence as well as behavior.