Ethical Issues essays

Ethical Issues essays The phrase professional ethics is stated as a meaning of morality. Morality to the business world suggests how one should behave toward oneself and toward other individuals: whether to be friendly or unfriendly or whether to be generous or greedy. These, and other questions dealt with in a field of study are called Professional Ethics. This papers intent is to enlighten the publics perception of CPAs in today's society. It will cover all aspects of the field including: pitfalls that they may encounter and methods to prevent some of these negative behaviors and consequences that one will have to accept. If you have ever caught a glimpse at one of those articles stating who the people feel that is trust worthy, you would most likely see that politicians, lawyers, and used car salesmen are at the bottom of that list and certified public accountants would be dominate the top. This is because the CPA profession has what you could call a squeaky-clean image. CPAs are known and respected for their honesty. The accounting profession goes out of its way to project that image, and there is a certain amount of truth to it. All though accountants are looked very highly upon, not all accountants fit into that stereotype. Many of them are quite articulate. Not all CPAs are squeaky-clean and respected for their honesty. Some are quite dishonest and are putting a black mark on the image of the entire profession. In recent months a particular company made history regarding the biggest bankruptcy the US has ever seen. Unfortunate situations such as this one have put a black mark on the CPAs prestigious character. The analogy that states one bad apple can ruin the whole batch, well you could say that Enron is that one bad apple. The one area where the CPA profession has fallen short is protecting the public interest. The general duty that acc ...