Ethics : Ethics And Ethics Essay

734 Words Apr 26th, 2016 3 Pages
Ethics are defined as the personal and professional behaviour with regards to the values, customs, behaviour, principles and morals of society (Senarante, 2011). Professional ethics can be defined as the personal and corporate standards of conduct that is carried out by members of a particular profession. Professional ethics or business ethics cover larger areas than the law, and although an issue may not be illegal, it can be considered as an ethical issue (ATT Ethics, 2013). Business ethics can be defined as the policies and principles that act as operational guidelines when making decisions based on what is morally right or wrong (Eginiwin & Dike, 2014). Business ethics in broader sense relates to the ethical codes of conduct that members of a profession abide by (Mantzke, Carnes & Tolhurst, 2005). These ethical codes of conduct, further acts as a framework for business professionals in the decision making process. It also informs the members of a particular association about the acceptable behaviour and how to go about the daily operations in their profession (ATT Ethics, 2013). This essay will talk about ethical standards and code of conduct in the accounting profession, in particular for CPA Australia, the importance of ethics for accounting, the importance of ethical financial reporting, the importance of ethical education for accounting students and also addresses ways to deal with conflicts that arise from ethical issues in the profession.

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