Ethics Essay

274 Words2 Pages
In recent years, the concept of business ethics has become a large focal point for many organizations along with general public in the aftermath of huge corporate scandals such as the Enron and Tyco International, companies are putting ethics training into overdrive and encouraging their employees to adopt ethical standards to conduce proper protocol. The contents of this paper will briefly summarize an article pertaining to ethics in accounting and relate the article to assigned readings. Also, there will be a discussion on how the article’s concepts relate or apply to a familiar organization and recommendations will be made for improvement in the organization. Lastly, this paper will explain the importance of ethics in accounting and financial decision making. Integrity and Ethics: In Schreiber’s article, it’s a matter of integrity – Professional Ethics; accounting, it makes note that ethics alone doesn’t resolve the issues of fraud and inappropriate practices but that individual integrity also plays a role in the matter. Schreiber goes on to point out that yes, indeed there are ethical guidelines set in place for accounting professionals but in the end it boils down to the individual’s integrity to stick to those guidelines and make the right decision for them and their client. Also, the article talks about that there is client pressure to bend the rules to get a favorable outcome. Along with this act being unethical it also degrades the integrity of the accounting professional who does it. Schreiber reviews that although there are a small number of those who lack ethics and integrity in the industry, there still should be a commitment to education and enforcement in the

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