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Exploring Professional Ethics in Accounting - Dissertation Example

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Author : tylergerlach

Summary

Through this study the researcher aims to deduce the effectiveness of ethics training incorporated as part of the curriculum and pedagogy in the accounting courses. The effectiveness is expected to be discerned in the enhanced ethical or moral awareness among college students enrolled in accounting courses. …

Extract of sample
Exploring Professional Ethics in Accounting

This paper illustrates that the number and the fiscal enormity of the corporate scandals and collapses of the late 1990s and early 2000s have inspired numerous theories about what went wrong, where the fault lies and with whom. Business points to the accounting profession whose mission is to audit the financial presentations of management and issue an opinion about the relative fairness of that presentation as whole. The accounting profession has pointed to the changing business environments and the conflicting demands that it has placed on the profession. The accountants have evolved from their role as the “watchdog” employed by ownership in the 19th century British corporate model to their own multinational corporations themselves representing the independent audit and attestation role, the tax advocacy role, a management consultative role, as well as the provider of many primary accounting and reporting services for clients. The pressures of business and market demands on independent public accountants as well as the conflicting roles that they are called upon to perform has led the profession to defend itself with a sorry “my clients made me do it” defense. The United States government has responded to these corporate scandals with the passage of the Sarbanes-Oxley Act of 2002. This Act contains the most significant reformation of accounting and public reporting standards since the Securities Act of 1933 and the subsequent Securities Exchange Act of 1934. ...
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