Ethics in the Accounting Profession

Ethics in the Accounting Profession - 13. Is a professional...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
11. Why are philosophical approaches to ethical decision making relevant to modern corporations and professional accountants? Reasonable approaches to ethical decisions are needed in modern corporations because they deal internationally and should be very understanding of how their actions affect others. If modern corporations do not learn to ethically handle issues then this could affect achievement of strategic objectives. Modern corporations need to also learn how to respect and acknowledge interests of different cultures.
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: 13. Is a professional accountant a businessperson pursuing profit or a fiduciary that is to act in the public interest? Its my opinion that a professional accountant should be a fiduciary that act in the publics interest. Professional accountants are hired to track financial record. The person that is hired to fill the position is trusted fully to be trustworthy and to make ethical decisions....
View Full Document

Ask a homework question - tutors are online