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Individuals in the accounting profession have a considerable responsibility to the general public. Agree Or Disagree?

<p><span>Accountants provide information about companies that allow the public to make investment decisions for retirement, a child’s education and major purchases such as a home. For the public to rely on the information provided, there must be a level of confidence in the knowledge and behavior of accountants. Ethical behavior is necessary in the accounting profession to prevent fraudulent activities and to gain public trust.</span></p>

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Question added by Rashid Mehmood FCCA , Finance Manager , Al Ghaith Industries
Date Posted: 2014/10/13
Sara Naeem
by Sara Naeem , Trainee Finance officer , Wah Brass Mill

Yes I agree as oxygen is necessary for respiration just like loyalty,honesty and ethical behavior  is necessary in the field of Accounts.

Malik Khalid Mahmood
by Malik Khalid Mahmood , Regional Finance Manager , Leosons International FZ LLC

Yes, offcourse

Ravshanbek Abdullaev
by Ravshanbek Abdullaev , Accountant , Fajr Al Mustaqbal General Trading LLC

I agree, and I think if some very high profile accountants felt the same, we wouldn't have had a crisis in confidence level of the general public in accounting. I mean Enron, WorldCom and to name some more.

Kalpesh  Ratanghayra
by Kalpesh Ratanghayra , Financial Controller , Tokio Marine Middle East Limited. DIFC

Totally agree with you sir. since the integrity in accounting profession is at top most priority.

Divyesh Patel
by Divyesh Patel , Assistant Professional Officer- Treasury , City Of Cape Town

I agree with the statement  and answer given by you sir.

VENKITARAMAN KRISHNA MOORTHY VRINDAVAN
by VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.

Market Investment decisions are based on Prudent Accounting practices followed.  The honesty in presentation of the financial information all that count for the General public and the Government in Taxation Matters.

The statement is agreed.

Sameera Thayyil
by Sameera Thayyil , experience in more than one company as shift engineer,MEP designing,Estimation,quantity surveying , KSEB Kerala,ESTA Calicut,Cape,Thalassery,Su Square projects and infrastructure Ltd Calicut.

Agree.Whatever may be the field of work,its financial growth can predicted with accounting professionals.

Rashid Mehmood FCCA
by Rashid Mehmood FCCA , Finance Manager , Al Ghaith Industries

The effects of ethical behavior in accounting are far reaching in the economy. Every business entity has an accounting professional provide information at some point in the organization’s life cycle. Many accounting professionals are tempted to alter financial results and often rationalize the behavior by calling it creative or aggressive accounting. Aggressive accounting is the process of employing questionable accounting methods to boost results. An accountant may record revenues and expenses in an incorrect manner or omit expenses altogether. Repeated incidences of aggressive accounting are a result of the lack of ethical behavior.

Mubashir Ameer
by Mubashir Ameer , Senior Call Center Manager , REMOTE OUTSOURCING ZONE PVT LTD

Agree to bilateral because it depends on an Individual's opinion.

Deleted user
by Deleted user

Yes. I Agreed with this ascertion. Every indivifual in Accounting have a considerable responsibility 

Muhammad  Ashar ali
by Muhammad Ashar ali , Daraz.pk , Daraz.pk

Yes Afcourse i Agreed with you and your thinking you give me help to explore myself

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