being committed, especially in an organization that is well known in the community. There are several reasons that can encourage unethical accounting practices or behavior in organizations, but the most common reason would most likely be money. Accountants are paid professionals that work for an organization or is hired outside the business to perform services such as: audit and assurance, consulting, deals, financial advising, tax accounting services, and so much more. These services are imperative
Words: 694 - Pages: 3
business sector the way things use to be. IFRS and GAAP has gotten together to restructure the tradeoff between relevance and reliability in standard setting. This proposed switch has caused some controversy from many professions. For instance, some accountants now wonder will they need more training to continue taking care of their business clients. If so, who will have to take care of the cost? This paper will discuss the advantages and disadvantages to international financial reporting standards.
Words: 808 - Pages: 4
MBA University of Phoenix MGT 521 February 22, 2009 I have been working for a long time in the field of accounting and enjoyed the benefits that the job has provided but these benefits greatly increase once certified. “Becoming a Certified Public Accountant is not easy. It requires a higher education commitment than most other career paths. To qualify for certification, one must meet the requirements of the state or jurisdiction where they wish to practice”(Accounting News & Research
Words: 852 - Pages: 4
college student decides she wants to become an accountant. General accounting and bookkeeping classes can be taken in high school. In college, the student needs to decide on a more specific field of accounting. An accountant has many choices as to what particular field of accounting to specialize in depending on the financial information she wants to analyze and how it is done. Financial accountants, tax accountants and internal auditors are all accountants in general, but require different training
Words: 749 - Pages: 3
Analysis Analysis, research Analysis, ethics Analysis Analysis, ethics Analysis Exercises 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 1.9 1.10 1.11 1.12 1.13 1.14 1.15 1.16 Topic You as a user of accounting information Real World: Boeing Company, California Public Employees Retirement System, China Airlines Users of accounting information What is financial reporting? Generally accepted accounting principles Accounting organizations Investment return Accounting terminology Accounting organizations Financial
Words: 5941 - Pages: 24
Importance of Internal Controls 3 LJB Internal Control Assessment 3 Conclusion 4 Bibliography: 5 Introduction: LJB Company has engaged RR Accounting Firm to evaluate their current system of internal controls as LJB Company is planning to go public. Public companies have additional responsibility to shareholders and investors and must ensure integrity over their financial statements by maintaining a strong and effective internal control environment. The purpose of this report is to provide an
Words: 1462 - Pages: 6
including breaking the law to get extra money. An accountant has an opportunity to “cook the books” (Xaxx, 2013) that can allow they to take a little or a lot. This is very tempting as no one seems to get hurt in the process. At times ignorance of the tax law or regulations about insider trading can be easily misunderstood by inexperienced accountants, which could cause unethical behavior without even realizing it. The role of an accountant is to use information the company provides to gather
Words: 763 - Pages: 4
Assignment Week 4 Code of Ethics Name Devry University Accounting 525 Veliota Drakopoulou, PhD 01/30/2016 Abstract The American Institute of Certified Public Accountants (AICPA) has made a Code of Professional Conduct that establish an ethical standard for public accountants in the US. The Generally Accepted Accounting Principles (US. GAAP) wants to collaborate with IFAC in order to resettle the principle accounting standards, but the rules and the ethics for professional and the financial
Words: 938 - Pages: 4
the general public. When one joins any of the accounting professional organizations, such as the American Institute of Certified Public Accountants (AICPA), the Institute of Internal Auditors (IIA) or the Institute of Management Accountants (IMA), one is agreeing to adopt the ethical code. This professional code is a positive set of statements and guidelines for CPAs with explicit rules as to what accountants should or shouldn’t do. It applies to all members, whether it is public practice, industry
Words: 1531 - Pages: 7
The United States, Petitioner, v. Arthur Young & Co. 465 U.S. 805 (1984) Facts: A certified public accountant firm, Arthur Young, conducted an audit of the corporation’s financial statements. The CPA firm accepted the corporation statements related to its contingent tax liabilities, and prepared tax accrual work papers that evaluated the corporation’s reserves for the contingent tax liabilities. The IRS conducted a routine audit that resulted in a criminal investigation of the corporation’s
Words: 374 - Pages: 2
