Accounting Ethics, Its Essential

Requirements in Accounting and

it’s Issues

PROF. BHARAT VIRA

 Ethics : Meaning and Example

Ethics or moral philosophy is a branch of philosophy that involves

systematizing, defending, and recommending concepts of right and
wrong conduct. Ethics seeks to resolve questions of human morality by
defining concepts such as good and evil, right and wrong ,virtue and vice
justice and crime.
 Accounting Ethics

Accounting ethics is primarily a field of applied ethics and is part of business

ethics and human ethics, the study of moral values and judgments as they
apply to accountancy
It is an example of professional ethics
Accounting Ethics (continued……..)
Essential Requirements of Ethical Accounting

• Financial Transparency
• Creating Ethical Environment in the company
• Enhanced Financial Disclosures
• Commitment’s towards stake holders
• Confidentiality.
• Honesty.
• Set Code of conduct
Ethical Issues in Accounting
 Ethical Issues in Accounting(Continued…)

• Fraudulent financial reporting.

• The Effects of Greed
• Omission of Financial Records
• Misappropriation of Assets
• Tax Evasion
• Error of ethical omission.
Ethical issues in Accounting (continued…)

SCAMS!!!!
Ethical issues in Accounting (continued…)
Ethical issues in Accounting (continued…)