Discussion Topic

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

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

by Maisha Mariam Meem -
Number of replies: 0

Ethical codes are the fundamental principles that accounting professionals choose to abide by to enhance their profession, maintain public trust, and demonstrate honesty and fairness. 

The following are five areas that deserve the attention of anyone considering working in the accounting profession.

1. Independence and objectivity 

2.Integrity

3. Confidentiality 

4.Professional Competence

5. Professional behavior

The presented ethics by accountants should be noticeably effective, reliable, real, and objective. Therefore, accountants not only should be qualified and with professional competencies, but also they should be benefitted from professional sincerity and integrity so professional repute and honor are some of foremost properties for them