Ethics

Solving Ethical Dilemmas in the Accounting Profession

Abstract

The accounting profession like any other is governed by code ethical principles that determine how decisions are made and actions taken . This is because of the fact that professions are established primarily to serve the society , the services provided to the society are so crucial that , high standards of expertise and integrity are required . [Behrman J . N (1988 )] In to exercise expertise and integrity professions ought to be granted substantial autonomy in for its members to discharge their duties fairly without any

interference . This is important because whenever dealing with the public maximum credibility is always very important as it helps to builds public trust . Based on the Stakeholder Impact Analysis and the philosophical approaches to ethical decision making [Bayles , M . D (1981 )] this will analyze the Dilemma of Accountant Ethics Case in view of describing the course of action Dan should take

Introduction

Based on the American Institute of Certified Public Accountant (AICPA regulations on Certified Public Accountants code of ethics it is an irregularity to manipulate an audit to suit the demands of the employer the client , or any other investor or non-investor stakeholders . Bakers Greenleaf is one of the Big Eight accounting firms with prominent accounting professionals such as Oliver Freeman and Daniel Potter and others alike . However , a special audit on a wholly-owned real estate subsidiary (Sub ) that was assigned to Dan poses an ethical dilemma to him (Dan ) and also to the...