Bringing Ethics into the Accounting Equation
Objective 15-6 Discuss the role of ethics in accounting.
The purpose of ethics in accounting is to maintain public confidence in business institutions, financial markets, and the products and services of the accounting profession. Without ethics, all of accounting’s tools and methods would be meaningless because their usefulness depends, ultimately, on veracity in their application.
In addition to the business world’s many favorable opportunities and outcomes, there are also instances of misconduct. Amid public reports of unscrupulous activity, ethics remains an area in which one person who is willing to “do the right thing” can make a difference—and people do, every day. The role of ethics in ...
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