Accounting in the Profession

ACCOUNTING IN THE PROFESSION 1
ACCOUNTING IN THE
PROFESSION

ACCOUNTING IN THE PROFESSION 2
The work place in any company is governed by the factor of motivation when it comes to the
supporting of the various goals and objectives of the company, thereby achieving them which
is of an utmost importance. It is something which allows the platform for the workers to feel
that they are engaged and which plays a major role when it comes to making contribution
towards success. This concept works on the fact of the opportunity for the individual worker.
His expectations though are that he receives an adequate amount of support and he is given
adequate responsibility and authority to carry on the roles that he has been entrusted with.
He should be inspired and be appreciated so that he could learn and apply the skills and
exercise judgment that he has leant in the past (Carol, 2015). There is trust in one’s
capabilities.
He should grow professionally and he must also work towards the achievement of the
strategic goals of the company.
The main role of the professional accountants here is that they owe a sense of responsibility
towards the public. They are entrusted with the responsibility of ensuring that the company in
which they are employed follows all the rules and the requirements as have been laid down
by the various Acts, regulations and the interpretations. As a professional, they are entrusted
with the privileged position in the society and as the professional of accounting as a whole
since it deals with a wide variety of the issues that are of an interest to the public. They are
required to ensure high standards when it comes to playing a key role in helping the
organisations to play ethically. The public accountants are the people that work closely with
the public in order to protect their interests. The accountants would lose their legitimacy
when they have act as the protectors of the public values. (Sullivan, 2013).
The accountancy profession has a wide reach to the public and the society as a whole. The
accountants would lose their legitimacy when there is a loss of public trust. The confidence in
the financial data is something which is reached at by the professionals in many business
forms which forms the core of the public trust and the public value. They are expected to
work closely with the auditors of the company for the purposes of ensuring that they base
their opinion on the true and accurate financials that have been prepared by the company
(IFAC, 2019). Whenever there is any scandal with regard to the manipulation of the earnings
by any company, professional accountants are also held guilty along with the auditors. Hence,
they owe a sense of responsibility to the public at large.