Question

Ethical Issues in Accounting & Finance

Answer 1

For accounting and finance professionals it is extremely important to be ethical in their practices due to the very nature of their profession. The nature of accountants‘ work puts them in a special position of trust in relation to their clients, etc. and thus they must have a very ethical standpoint and movement of practice. Specific issues are like; accounting ethics involving conflicts of interest, predicaments with client confidentiality, and impacts of financial reporting.