Ethical Issues in Accounting Profession

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Ethical Issues in Accounting Profession

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Table of Contents
Introduction................................................................................................................................3
Research Problem.......................................................................................................................3
Research Objectives...................................................................................................................3
Literature review........................................................................................................................4
Recent ethical hazards in Accountancy..................................................................................5
Ethics in Accounting..............................................................................................................5
Managerial implications.........................................................................................................6
Limitations.............................................................................................................................7
Common Issues......................................................................................................................8
Pressure of manipulating figures........................................................................................8
Omission Sins.....................................................................................................................8
Issues of confidentiality.....................................................................................................8
Conflict of interests............................................................................................................9
Whistleblowing..................................................................................................................9
Research Design & Methodology............................................................................................10
Type of Research..................................................................................................................10
Research approach...............................................................................................................10
Type of data to be used in the research................................................................................10
Sample..................................................................................................................................11
Reference List..........................................................................................................................12

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Executive Summary
The main purpose of this research proposal is to identify the various ethical issues in the
profession of accounting and also understand the importance of practicing ethical working
standards in any organization. The research provides a background of auditing and
accounting in the context of professional ethics. An accounting professional or an auditor
needs to analyze the financials of a business, while dealing with pressure from different
parties who have interest in these financials. As such, they might be forced for manipulating
the figures or even might make mistakes due to the expectations of the stakeholders. This
creates an ethical liability or dilemma for the accountants and this assessment focuses on the
different ethical issues faced by them. The assessment identifies a research problem and
objectives of conducting the research along with relevant literature from various scholarly
sources. The research design and methodology states the type of research to be conducted and
the sources being used.