perceived accountants to have lost their commitment to public service. The credibility of the profession is threatened when the ideals of integrity‚ independence‚ public service and ethical standards come under suspicion. Well-known scandals of one of the major leading accounting firms in the United States Arthur Andersen coupled with alleged unethical acts committed by Enron have arouse the conscious of the public and stakeholders as to the moral decline and unethical posture of public accountants unveiled
Premium Accountant Ethics Accountancy
line with standards set by IFAC: five fundamental principles of Integrity ‚ Objectivity ‚ professional competence and due care ‚ confidentiality and professional behavior. Candidly‚ these principles demonstrate what it means to be a professional accountant and act as the criteria against which my behavior as a member is measured. They will guide my judgments‚ decisions and actions when acting in a professional capacity‚ and when faced with ethical dilemmas. My judgment is enhanced to help businesses
Premium International Financial Reporting Standards Accountant Accountancy
importance of accounting ethics cannot be underestimated as it plays a vital role in the daily professional activities of an accountant. It is obvious that in the process of carrying out duties as a professional accountant‚ their will be various challenges as to whose interest is to be protected. In such a situation‚ if there are no ethics in place‚ it is possible for the accountant to act unprofessional. Origin and background of accounting ethics The history of accounting ethics can be
Premium Accountancy Bookkeeping Accountant
Recommendation for an Internal Accountant Recommendation for an Internal Accountant Internal Auditing is an independent‚ objective assurance and consulting activity designed to add value and improve an organization’s operations (What is internal auditing?‚ 2010). Internal accounting control is a series of procedures designed to promote and protect sound management practices‚ both general and financial that will increase the likelihood that: * Financial information is reliable‚ so that managers
Premium Internal control Auditing Internal audit
IMPACT OF GLOBALIZATION ON INTERNATIONAL ACCOUTING HARMONIZATION: A CASE OF VIETNAM BY NGUYEN THI PHUONG THAO Graduation Project Submitted to the Department of Business Studies Help University College‚ in Partial Fulfillment of Requirements for The Degree of Bachelor of Business (Accounting) Hons JUNE 2010 ACKNOWLEDGEMENT First and foremost‚ my sincere gratitude is dedicated to my supervisor – Dr. Le Van Lien. Thanks for your strong support‚ guidance‚ intuitive comments‚ and
Premium International Financial Reporting Standards International Accounting Standards Board Accountant
Introduction to Accounting Accounting is a profession used to make financial and business decisions. Billions of dollars exchange hands every day‚ in millions of separate business transactions. These are recorded and reported on using a comprehensive set of guidelines‚ referred to as Generally Accepted Accounting Principles (GAAP). Brief History of Accounting Accounting was born before writing or numbers existed‚ some 10‚000 years ago‚ in the area known as Mesopotamia‚ later Persia‚ and today the
Free Accountancy Accountant Leonardo da Vinci
manner in which the day-to-day financial activities of a business entity are gathered and recorded. A firm’s accounting practice refers to the method by which its accounting policies are implemented and adhered to on a routine basis‚ typically by an accountant and/or auditor or a team of accounting professionals. In another context‚ an accounting practice is intended to enforce a firm’s accounting guidelines and policies. It exists as the daily recording of financial data that is important to the evaluation
Premium Audit Big Four auditors Accountant
becoming an accountant with the company that I am presently working for. Being a Christian in the accounting profession will give me opportunities to let Christ shine through on my interactions with others. Whether I am dealing with clients and guiding them through their taxes‚ doing financial reports for a company‚ or interacting with my co-workers I can choose to always do the right thing for the client and for God. Accounting has a lot of grey areas and there are many ways an accountant can
Premium Bible Accountancy Accountant
BUACC 2614 – Management Accounting 2 According to Martin and Steele (2010‚ p.13)‚ “The two principal professional associations in Australia – CPA Australia (the CPA) and the Institute of Chartered Accountants in Australia (the Institute) have indicated their awareness of the significance of issues of sustainability reporting and development of appropriate skill sets in word and in deed. The commitment of both organisations to sustainability principles has been shown by their adoption of‚ and support
Premium Accountant
My Career Choice in Accounting Introduction I didn’t really choose accounting to begin with. When I was in high school I wanted to be a vet‚ but as time went on‚ I discovered that I have the right skills to be an accountant and not to be a vet. Here is my story and how I decided upon accounting as my career of choice. As a woman‚ I was always told that I was predisposed to being bad at math. This may be why I always tried harder at math because it did not want to be pigeon holed as just another
Premium Accountant Accountancy Organization