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ETHICS OF ACCOUNTING
CONTENT
- Meaning of Ethics
- Meaning of Accounting Ethics
- Qualities of Accountants and Accounting Ethics
- Benefits of Accounting Ethics to the Accounting Profession and the Public (Society)
Meaning of Ethics
Ethics can be defined as established codes of conduct, modes of behavior, pattern, practice, standard and principles generally accepted or strictly adhered in a given profession or situation.
Meaning of Accounting Ethics
Accounting ethics is used to refer to generally accepted codes of conduct, standard, practices and principles of accounting to be strictly adhered to by accountants/professionals in accounting profession.
Qualities of Accountants and Accounting Ethics
- Honesty: Honesty means to be truthful, candid and forthright, It is the absence of lies and deception.
- Transparency: Transparency means to be open-minded, being straight-forward in dealing with clients without hypocrisy and pretense.
- Integrity: An accountant should behave with integrity in all professional, business and financial relationships. Integrity implies not mere honesty but fair dealing and truthfulness.
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