Ethics in Accounting

The key role of company directors and managers is to maximising profits for their sh areholders, unless the owners are not the only people that they are responsible to. both conclusion that is made by the directors and managers can equal umteen other s manageholders to the company. Therefore, they are not altogetherowed to be untune in any office they like. When making a decision managers and directors essentialiness drive into consideration whether it is of an ethical nature. If a decision is seen as unethical by stakeholders the company will be negatively affected. According to Carroll Ethic completelyy, businesses are obliged to act in the mode expected of them by society. So managers and directors micturate an obligation to take on on the highest standards of ethical conduct. In order to maintain this around companies must develop their own enciphers of ethics. A good good example of a jurisprudence of ethics is the Code of ethics for professed(prenominal) a ccountants. This code promotes five key principles; integrity, objectivity, nonrecreational competence and due care, confidentiality and professional behaviour. For an organisation to succeed it must be valued by its stakeholders and by following a code of conduct that performs in the best interest of the stakeholders this can be achieved.

If company directors and managers do not act in the best interest of all their stakeholders and make decisions based on whatever the owners best interests are only, then they risk performing tasks in a way that is deemed unethical by various stakeholders, lawsuit them to not wan t to associate themselves with the company. ! There are umpteen business issues that are deemed unethical, however there are lead main ones that are particularly relevant to the finance and accounting system sector of business. These include whistleblowing, insider trading and bribery. Managers and directors must never take part in any of these activities if they would like their company to have a respectable status among society. Whistleblowing is not illegal further many companies have created...If you want to get a good essay, order it on our website: OrderCustomPaper.com

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