Preview

Ethics in accounting profession

Satisfactory Essays
Open Document
Open Document
327 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Ethics in accounting profession
ETHICS IN ACCOUNTING PROFESSION

RESEARCH METHOD

Despite of significant learning on ethics especially for future accounting profession, 50 respondents were randomly selected from Bachelor of Accounting students, International Islamic University Malaysia (IIUM). The student sample was equal to 50 (N= 50) consists of accounting students from the first to fourth year of study between the ages of 20-25 years old.

Students from IIUM had been exposed to some general ethic values in class. This exposure fit with university’s missions which are integration, islamization, internationalization and comprehensive excellence toward achieving vision of International Islamic University Malaysia. Besides, some ethical courses had been tough in this university such as organizational behaviour, Islamic worldview, and other courses that subsequently related to this study. The participation of accounting students from this university will gave significantly different picture on the effects and solutions when dealing with ethics in accounting profession. The study was administered throughout this semester specifically on ethics in accounting profession.

Therefore, the survey was conducted in Kuliyyah of Economics and Management Sciences (KENMS) to collect the data. The survey was one of the good ways to gather and process data because the questionnaires were evaluated easily based on quantitative research method.

The set of survey forms was distributed randomly to respondents who were students from bachelor of accounting. The research paper was organized as follows: First, examiner will prepare prior literature and survey form that contain edited questionnaires from the same nature of other researcher’s research question and objective. Survey questions were developed based on a careful review of the ethics in accounting profession. Next procedure was data collection procedures. While distributing the survey form, each accounting student will be given a short briefing

You May Also Find These Documents Helpful

  • Better Essays

    The paper will analyze the corporate ethical breaches in recent times, assess whether or not you believe that the current business and regulatory environment is more conducive to ethical behavior. Ethics behavioral aspect of accounting is a special area of accounting that is developed to address such aspect of human information processing behavior, judgment quality, accounting problems created by users and providers of accounting information as well as their decision making skills. Secondly, paper will describe the organization, the accounting ethical breach and the impact to the organization related to ethical breach. Thirdly, this paper will determine how the organizational ethical issue was detected and how management failed to create an ethical environment. In some cases, some company pledged its own stock to ensure that partnerships would be able to borrow money. And when Enron stock started plummeting, the whole thing fell apart. Fourthly, this paper will analyze the accounts impacted and or accounting guidelines violated and the resulting impact to the business operation. They operated as the masterminds behind the system to defraud investors. The banks, by offering fake, illegal and not approved by regulators deals,…

    • 2414 Words
    • 10 Pages
    Better Essays
  • Better Essays

    Swamy, M. R. (2009). "Financial Management Call For New Approach To Ethical-Based Financial Statement Analysis.". Journal Of Financial Management & Analysis, 22.2, 70-84. Retrieved December 05, 2011 from Business Source Premier. http://search.ebscohost.com/login.aspx?direct=true&db=buh&AN=49137293&site=ehost-live.…

    • 1582 Words
    • 7 Pages
    Better Essays
  • Better Essays

    Acc/325 Phase 2

    • 983 Words
    • 4 Pages

    Ethics plays such an important role in the business world. There are organizations and boards that set guidelines specifically to improve the work environment and help control the amount of ethical dilemmas. The SEC works as the head quarters for these boards and has developed many new guidelines since the crisis of the early 2000’s. The International Ethics Standards Board for Accountants (IESBA) has established ethical standards and guidelines for accountants similar to those of the AICPA’s Rules of Conduct. There are many organizations that are working in unison to create the best atmosphere for the business world and those involved.…

    • 983 Words
    • 4 Pages
    Better Essays
  • Powerful Essays

    Acc 556 Assignment 2

    • 4988 Words
    • 12 Pages

    Steven R. Jackson, Roby B. Sawyers, J. Gregory Jenkins (2009).Managerial Accounting: A Focus on Ethical Decision Making. 5th ed. Ohio: South- Western Cengage Learning. Page 386.…

    • 4988 Words
    • 12 Pages
    Powerful Essays
  • Better Essays

    Sarbanes Oxley Act

    • 1338 Words
    • 6 Pages

    Robin R Radtke. . "Role Morality in the Accounting Profession - How do we Compare to Physicians and Attorneys? " Journal of Business Ethics 79.3 (2008): 279-297. ABI/INFORM Global. ProQuest. 7 Dec. 2011…

    • 1338 Words
    • 6 Pages
    Better Essays
  • Good Essays

    Bibliography: Small Business - Chron.com (2009). Ethics in the Accounting Profession. [online] Retrieved from: http://smallbusiness.chron.com/ethics-accounting-profession-3738.html [Accessed: 20 Aug 2013].…

    • 571 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    ETH501 Adelphia Case

    • 1519 Words
    • 7 Pages

    3. Duska, R.F. and Duska B.S. (2003), Accounting Ethics: Foundation of Business Ethics, Blackwell Publishing Ltd., Oxford, UK.…

    • 1519 Words
    • 7 Pages
    Powerful Essays
  • Satisfactory Essays

    Ethics makes harmonious relationship among the members in the company and creates a highly valued workplace. In fact, according to an article made by Prof. Sundem which was adapted from his speech on 2003, causes of financial reporting problems can be prevented by stressing ethics in businesses. Ethics serves as a standard for all professionals and employees in the company to act decorously and to uphold honest and moral performance. Company members that have an ethical behavior and integrity build trusting relationships with their workmates. Through these values, accurate and reliable financial reports are produced by accountants, auditors, and other business financial…

    • 414 Words
    • 2 Pages
    Satisfactory Essays
  • Better Essays

    Massive Orange in Accounting. (2010, July 8). A Breach of Professional Accounting Ethics. Retrieved from bizcovering.com: http://bizcovering.com/accounting/a-breach-of-professional-accounting-ethics/#ixzz2SEkARASD…

    • 1630 Words
    • 7 Pages
    Better Essays
  • Better Essays

    Ethics is a very important aspect of accounting and should be taken very seriously as accountant. Shareholders, potential shareholders, and other users of the financial statements rely heavily on the yearly financial statements of a company as they can use this information to make an informed decision about investment. The opinions of the accountants who prepared the statements, as well as the auditors that verified it, to present a true and fair view of the company. Knowledge of ethics can help accountants and auditors to overcome ethical dilemmas, allowing for the right choice that, although it may not benefit the company, will benefit the public who relies on the accountant/auditor 's reporting.…

    • 1026 Words
    • 5 Pages
    Better Essays
  • Satisfactory Essays

    The earliest documented discussions of accounting ethics appear to date to the 1400s, and many of the ethical issues which pertain to accounting continue to be the same, even if the financial world of today would be unimaginable to a 15th century accountant. One of the key issues with accounting ethics is that poor ethical behavior on the part of an accountant does not just potentially hurt a client, it can also hurt society. If, for example, an accountant colludes in falsifying financial statements, this hurts investors in a company, taxpayers who may be caught up in government bailouts or regulatory efforts pertaining to the company, and the workers at the company.…

    • 775 Words
    • 4 Pages
    Satisfactory Essays
  • Powerful Essays

    Accounting Ethics

    • 2191 Words
    • 9 Pages

    * What guidance is provided to help AICPA members follow the Code Of Professional Conduct?…

    • 2191 Words
    • 9 Pages
    Powerful Essays
  • Good Essays

    References: Ahmed, M., Chung, K., Eichenseher, J. (2003). Business students ' perception of ethics and moral judgment: A cross-cultural study. Journal Of Business Ethics, 43, 89-102.…

    • 1124 Words
    • 5 Pages
    Good Essays
  • Good Essays

    In this article, the ethical considerations that are involved for financial decision-making are that the American Institute of Certified Public Accountants (AICPA) follows a professional ethics code of conduct. This code requires that all accountants use these codes in their business operations to guide them in the use of professional and ethical behavior. Also required by the AICPA is that all accountants are willing to make a pledge or commitment to use honorable behavior in their practices, even if this is at the expense of any personal benefits (Think+Up, 2011).…

    • 515 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Ethics & Leadership

    • 3017 Words
    • 8 Pages

    Chang, Ph.D., CPA, Otto H., (2009). Accounting Ethics Education: An Authentic Value Based Approach. The Journal of Value Based Leadership…

    • 3017 Words
    • 8 Pages
    Powerful Essays