Buy custom Why are Ethics Important in the Accounting Profession?
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Topic: |
Business
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Number of pages / Number of words: |
6 / 1407 |
Essay's paper body
The demands for financial reporting to go beyond the current requirements in order to achieve a deeper level of transparency in corporate reporting came form the stakeholders.
The focus on a rule-based approach to ethics comes from the desire of a company wanting to have good ethical reputation that characterizes a compliance mode...
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The integrity mode is when the firm becomes more proactive in the promotion of ethical behavior, by engaging all of the stakeholders. In the post-SOA environment, it was not that corporations have become more sensitive to their public's expectations in regards to their transparency of values.
How are ethics currently being handled? In order to enter into the profession some boards of accountancy in at least 26 states, not including New York, require CPA's to pass an exam on ethics or a course before sitting to take the Uniform CPA Examination...
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General points of the essay
Choose A Current International Accounting Standard (Ias) Or International Financial Reporting Standard (Ifrs). Briefly Summarise Its Provisions And Assess Whether The Standard Can Be Considered To Be ‘Principles-Based’ Or ‘Rules-Based’, E...
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