Accounting Questions Help!

label Accounting
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1. Discuss some of the things that interfere with the accountant's ability to identify that he is faced with an ethical issue.

2. Explain the principle of equal treatment and the public principle and how they may help the accountant find and formulate ethical problems in accounting practice.

Please no plagiarism.

Jun 2nd, 2015

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Jun 2nd, 2015

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Jun 2nd, 2015

1. An accountant working in the public or private sector must be impartial and loyal to ethical guidelines when working for a company or reviewing individual's financial records for reporting purposes. An accountant should encounters ethical issues regardless of the industry and must remain continually vigilant to reduce the chances of outside forces manipulating financial records, which could lead to both ethical and criminal violations.

2. Ethical principles:

 Some of the ethical principles are;

integrity, 

objectivity, 

professional competence and due care, 

confidentiality, and 

professional behaviour.


Jun 2nd, 2015

I need more details for question 2.

Jun 4th, 2015

The five fundamental principles
1) Integrity
2) Objectivity
3) Professional competence and due care
4) Confidentiality
5) Professional behaviour

1) Integrity
A professional accountant should be straightforward and honest in all professional and business relationships.

2) Objectivity
A professional accountant should not allow bias, conflict of interest or undue influence of others to override professional or business judgments.

3) Professional competence and due care
A professional accountant has a continuing duty to maintain professional knowledge and skill at the level required to ensure that a client or employer receives competent professional services based on current developments in practice, legislation and techniques. A professional accountant should act diligently and in accordance with applicable technical and professional standards.

4) Confidentiality
A professional accountant should respect the confidentiality of information acquired as a result of professional and business relationships and should not disclose any such information to third parties without proper and specific authority unless there is a legal or professional right or duty to disclose. Confidential information acquired as a result of professional and business relationships should not be used for the personal advantage of the professional accountant or third parties.

5) Professional behaviour

A professional accountant should comply with relevant laws and regulations and should avoid any action that discredits the profession.

Jun 4th, 2015

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Jun 2nd, 2015
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Jun 2nd, 2015
Sep 26th, 2017
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