Accounting has
its own ethics. Luca Pacioli, the “Father of Accounting”, wrote on accounting ethics
in his first book Summa de arithmetica, geometria, proportioni, et
proportionalita, published in
1494. And after that time, ethical standards have since then developed through
some independent companies, professional organization and government group.
Five principle
ethics are "independence, integrity, and objectivity";
"competence and technical standards"; "responsibilities to
clients"; "responsibilities to colleagues"; "other
responsibilities and practices". Each of these ethics provided guidelines
on how a CPA, Certified Public Accountant, should act as a professional.
Those code are
very correspond with my own ethics. On the one hand, they are very useful for
accountants or auditors to solve the problems when they face the ethical
dilemma problems. Even though accountants or auditors can make it easy for the
company which cause company loose some illegal benefits, public who relies on
the accountant’s reporting.
I am not sure
that whether normal people commonly know the ethical guideline about accounting
or not but they are very common through the people whose major is accounting. Recent
studies indicate that nearly all accounting textbooks touch on ethics in some
way. From Wikipedia, in 1993, the first United States center that focused on the
study of ethics in the accounting profession opened at State University of New
York at Binghamton. Starting in 1999, several U.S. states began requiring
ethics classes prior to taking the CPA exam.
People do
believe that professionals in accounting follow these ethics and they have no
choice. When shareholder make an informed decision like investment, they only
can rely the financial statements which is prepared by the accountants heavily.
To be honest, like
the most of the visitors for this blog, this is also the first time for me to
know more about ethics for accounting. And I found that I am not one hundred percent
equal to those ethics, especially for the objectivity part. It is very hard for
me to change the first opinion about someone. I had thought a person was very
selfish, even we share a lot of thing after we met at the first time. I found I
still has a lot of deficiencies. And I should work harder to make me become
more suitable to this major, accounting.
Link to gain more information about professional ethics for accountants:
https://webcache.googleusercontent.com/search?q=cache:VMfLXzPAIw8J:https://www.ifac.org/system/files/meetings/files/1625.pdf+&cd=6&hl=zh-CN&ct=clnk&gl=us
Work cited:
https://en.wikipedia.org/wiki/Accounting_ethics
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