The Importance Of Accounting Ethics

1.What are accounting ethics?
In wide-ranging, ethic means an universal idea or believe that influences people’s behavior and attitude. When it comes to accounting, ethic is a arena of amateur which refer to specifically to accounting, Whether they are working in public or private rehearsal or practice or exercise, they are predictable to stick to ethical standards which are designed so that it would ensure the purpose that accountants works in a way which is ethical and steady. In some of the countries or region, in order to be specialized as an accountant, one must specify an agreement or covenant to fulfil an ethical code, and people can be exaggerated from their position or work if they be unsuccessful to obey the ethical codes. For most

In short and brief, if we want to describe the accounting ethics in a few words but very describingly then we can say that, The Accounting Ethics speak of the principles of accurate and wide of the mark ways that apply to the accounting profession
2. In your opinion, do you think accounting ethics are important for the survival for the accounting profession? List causes to define your answer.
Yes, ethics are essential for the survival of the professional accountants, mainly because throughout the antiquity, it has been established that accounting partially imitates moral values of the worlds to continue which has been observed. It has become a significant treatise, because of the unfairness that has occurred in regards to ethics with the accounting profession. Ethics are vital for Professional Accountants for the reason that accounting demands ethical awareness

But all of our hard work may go in vein if we lose public interest. As a company, it doesn’t matter whether it’s about creditors, shareholders, customer and so on, it all starts with an interest in it. Let me give you an example of share market, if all of the people or most of them loses the interest in buying share from an individual company than that company is surely going to be in tremendous lose. Or if because of the bad services or customer care service public starts to lose interest in an individual company than it’s an alarming clock for them. Because everything in business starts with the interest of that particular person. So, in order to run the business or company successfully we must protect public interest. We must have an eye on the reaction of public after we’ve taken some action, whether public is taking it or throwing it. Cause in one word, the customers are the king of business, the purpose of business is to serve them. So, In order to make our business successful and protecting and assets and capital, we must protect public