On the importance of ethics
Article Abstract:
The American Institute of Certified Public Accountants updated its Code of Professional Conduct in 1988 in response to ethical concerns. The new Code was developed because of the explosive growth of new business instruments and the increased scope of accountants responsibilities and functions. The new Code states that accountants should: be responsible to their clients and peers; be responsible to the public's best interest; and to conduct their services with a high sense of integrity. Other requirements of the Code include: conducting services with independence and objectivity; exercising due care; and exercising discretion in the scope and nature of services.
Publication Name: Management Accounting (USA)
Subject: Business, general
ISSN: 0025-1690
Year: 1989
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How ethical is your company?
Article Abstract:
Management accountants can play a key role in making corporate ethics audits more effective. The identification of inconsistencies that exist between a company's ethics code and its accounting methods and controls would be one way by which the expertise of management accountants could prove useful. Assisting in the establishment of evaluation measures that promote compliance with the ethics code would be another. The role of management accountants in the ethics audit process can be pivotal since they are the people best placed to determine whether company's reward system is properly aligned with its ethics code.
Publication Name: Management Accounting (USA)
Subject: Business, general
ISSN: 0025-1690
Year: 1992
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Comment about this article or add new information about this topic: