Integrity and how it builds public trustworthiness for accounting profession

Running head: ACCOUNTING ETHICS
Accounting ethics
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1ACCOUNTING ETHICS
Integrity and how it builds public trustworthiness for accounting profession.
Integrity is the crucial fundamental element of accounting profession and it requires
the accountants to be candid, forthright and honest with the financial information of the
client. Accountants shall restrict themselves from the advantage or personal gain using the
confidential information (Mastracchio Jr, Jiménez-Angueira & Toth, 2015). In case of
differences or errors in the opinion regarding applicability of the accounting laws, the
professional accountants shall avoid intentional opportunity to manipulate and deceive the
financial information. Private companies or the public accounting firms often develop the
conduct for accountants or code of ethics. These conduct rules or ethics assure that all the
accountants act in the consistent manner. In absence of the specific standards or rules, the
accountants shall review the actions for assuring that they are complying with the commonly
accepted principles (Mastracchio Jr, Jiménez-Angueira & Toth, 2015).
In accounting, integrity and honesty play crucial role as it allows the investors to trust
information received by them regarding the entities in which the investors invest. Further, the
business managers depend on the honest accounting for running their organizations without
the fear of biased reporting. Integrity in accounting is primary characteristics of accounting
profession as it allows the organization and decisions makers in taking appropriate
judgments. Further, integrity is important as the trusts of public are built upon that. Without
adherence to strict ethical and moral guidelines of profession, no value is there for the work
of accountant. The accountant may have all the knowledge, experience and skill regarding his
profession however without integrity and trust the work will become questionable (West,
2018). Owing to this, it is important in general, for the public and the clients those rely on the
financial information for the purpose of decision making assessing the accountant’s integrity.
Further, the accountant not only shall be willing to act ethically but shall also maintain all
skills for ensuring to do the best possible job. Further, trustworthiness is defined as