Ethics In this paper I will discuss what ethics is what why it is important. Secondly I will talk about my perception of ethics and what it means to me. Next I will talk about the four areas of responsibility in the IMA code. Finally I will talk how to resolve an ethical conflict. Ethics refers to the concept of what is right and wrong, moral and immoral. Its importance in accounting practices is immense because without it there wouldn’t be any trust or loyalty within the relationship of the users of the accounting information. My perception of ethics is that one should not steal from an employer, hurt coworker’s careers, and present work that is not their own. Therefore I believe a big part of being ethical is being able to empathize with others and treating others the way you want to be treated. According to the IMA code of ethics the four broad areas of responsibility are; • Maintain a high level of professional competence : which means one must continuingly develop their knowledge in order to follow the current
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