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Issues in Accounting Ethics

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Issues in Accounting Ethics
ETH 557: Accounting Ethics
September 14, 2015

Ethical Issues for Companies As an accountant and being in the public or the private sector you have to remain loyal to your clients and to be loyal to the ethical guidelines and rules when it comes to a company or and individual person financial records for the purpose of reporting. Being an accountant you will run across some unethical issues and this would be regardless of the type of industry and their goal would be to reduce any and all factors that they would face when it comes to manipulating financial records and this could lead to an ethical issue or criminal violations. The Sears Auto Center Scandal As stated in the textbook (Duska, 2011) “Those who appeal to consequences over fairness and rights are called consequentialist. Finally, the theory that gives precedence to the issues of fairness, rights, and commitment, and advocates doing the right thing – no matter what the consequences to self and others – is called deontological theory. Under this theory, the end does not justify means.” (Duska, 2011; pg. 52 & 62) Identify the ethical issues involved in the case from a consequentialist and deontological perspective (refer to Chapter 2). Ethics will always be a key factor when it comes to deciding what society would deem as being acceptable in order to live out one’s life. This factor would develop as a person and would include the morale as a whole when possible. Applied ethics would cover the different categories that are used in cases that would help determine a particular policy (Singer, 2000) and other issues such as personal freedom, online privacy, and so forth. Hostile takeover is one of the most prevalent in the business world today and is a big example of an unethical practice and is questionable. The ideal behind it all…...

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