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Discuss the importance of ethics in financial accounting. What issues may arise if ethics is compromised?...

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Accounting

Discuss the importance of ethics in financial accounting.

What issues may arise if ethics is compromised? How would thisimpact the company internally, how would it impact the externalusers such as investors, creditors, government?

Answer & Explanation Solved by verified expert
3.7 Ratings (431 Votes)
Ethics simply refers to the moral values to be followed by any person to anyonesociety etc Business ethics means the ethics followed in businessThe management should be ethical in their operation If they are not ready to follow ethics then it will negatively affect their reputation Ethics in finance is related to the goods things to be followed in financial mattersWhile dealing with financial affairs there should    See Answer
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