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Why in Accounting Profession maintenance of ethics is important? Explain.

Why in Accounting Profession maintenance of ethics is important? Explain.

by Fatema Toz Johora 241-25-055 -
Number of replies: 1

Have you ever received something from your employer's workplace thinking that something was wrong with the "supply" office supplies for your home or using company software on your home computer? Surveys consistently show that about 20% of workers take something from their employer that does not include them and use it for personal purposes. Well, these people are not only involved in "misuse of property" they become unscrupulous workers.

A decision to act unethically, by the organization or a stakeholder, can strain the relationship and damage the reputation of the organization. The increased risk of reputational damage and harm from negative headlines is often the catalyst for organizations to promote and encourage ethical behavior and prevent and report unethical behavior. Furthermore, where many individuals are connected to social media with mobile technology, the risk that unethical behavior will cause reputational damage to an organization is arguably much greater that in decades past, as behavior is more easily recorded on video, captured in photos, shared online and propelled into headlines.

However, there are benefits of ethical behavior in the workplace beyond the avoidance of reputational harm. An organization that is perceived to act ethically by employees can realize positive benefits and improved business outcomes. The perception of ethical behavior can increase employee performance, job satisfaction, organizational commitment, trust and organizational citizenship behaviors. Organizational citizenship behaviors include altruism, conscientiousness, civic virtue, sportsmanship and courtesy.

In reply to Fatema Toz Johora 241-25-055

Re: Why in Accounting Profession maintenance of ethics is important? Explain.

by Shahana Kabir -
Good observations .Thanks for reply.