Ethics in Auditing

Trust is destroyed , however , when individuals and

institutions act without integrity , when financial statements are constantly being re-stated , and

when scandals pervade the industry (Waddock , 2005 ) Integrity must flow from the mission

statement , down through the actions of a company . The educational system must provide this

sort of mindful ' teaching that will remind students to be aware of their decisions and the

consequences of their actions

Many educators believe that ethics has been instilled in an individual long before they

enter college , and trying to teach them

ethics would be a waste of time The debate continues as

other educators believe that ethics is an ongoing development throughout an individual 's life

Still in question , is the impact of the corporate culture on the individual once they enter the work

world . Connie Esmond-Kiger , an assistant professor at Ohio University reviewed the process of

reviewing ethics in a University classroom . Esmond-Kiger had students review the recent

scandals within the accounting industry and had students reflect on what this meant to them and

to their future as an accountant . Students responded positively to the process of learning ethics

The feedback from the self-reflective ethics assignments suggests that , as intended , the students

are internalizing an appreciation for the importance of ethical behavior in their coursework , their

future careers , and their life in general (Esmond-Kiger , 2004 Further , students demonstrated

a growing concern for the future of ethics in their profession and in the business world

International Accounting Ethics

Auditors , though considered to be independent , are appointed and paid by management . Their objectivity and independence has the potential to be swayed at the very beginning because impartial competent auditing practices could lead to the loss of future income . The inherent conflict is the client pays your fees and as long as that is in place...