Discussion Topic

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

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

by bijoy biswas -
Number of replies: 0

 i replacement of the ‘true and fair view’ requirement by ‘compliance with accounting standards’ is highlighted as a major shift in the focus of the code of ethics. This shift can be related to the profession’s need to legitimise itself within the wider public domain in which technique has replaced character as an important virtue.