Accounting Article Analysis :: Business Accounting Ethics

Accounting Article Analysis One of the foremost problems confront the accounting profession today is the loss of look on that faces comptrollers in set down of recent accounting s reardals. In order to regain lost respect in the accounting profession an accountant must have ace and ethics that are higher up and beyond the norm. This fact is true whether the accountant works for a business entity or for a government entity. In either situation the accountant is responsible for remaining steadfast, non notwithstanding in professional behavior, but in personal behavior as well. In recent years, accountants have come under fire by the general public for unethical decisions, a reputation that, although only a few individual accountants were guilty, the entire profession was found guilty of, in the court of public opinion. Now, the accounting profession must be cold more diligent in governing themselves, and in assuring those pendant upon their decisions, that they are ab ove reproach. This is especially true of those accountants responsible for government funds, which can be scrutinized by the public. The public seem to have set more rigorous standards than business investors, of what is proper use of the funds available. They will not tolerate waste or misappropriation of funds and demand gross(a) accountability. Accountants must stand ready, willing, and able to answer any(prenominal) and all questions that whitethorn be put forth, and be able to prove that the decisions that have been make were correct and proper. This includes not only following the letter of the law, but avoiding any decisions that, while being legal, would not be totally ethical and above board. An accountant is trusted with confidential information which must remain confidential, unless it has guide or could possibly lead to illegal activity, in which case, of course, the information, must be reported immediately to the proper authority.