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Why Are Ethics Important in Accounting?

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From Quick Guide: Ethics Training 101

Summary: Ethics are important in accounting to maintain the level of trust with companies and independence to perform necessary auditing functions. Understand how the accountants ethics are regulated by the AICPA with tips from a certified public account in this free video on accounting.

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By Shanis Windland
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Shanis Windland has a Bachelors of Science degree in accounting from Central Washington University. She is a certified public accountant licensed in the state of Washington. Windland...read more

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Video Transcript

"In this clip, we're going to talk about why ethics are so important in accounting. One of the reasons that accountants need to have ethics is because public accountants actually sign off on financial statements. They need to be ethical, as well as maintain their independence or separation from the companies that they are auditing, so that people can rely on the signature they put on those financial statements. Accountants have been a trusted professionals for many years, and that's one of the reasons that they have a code of conduct. That way, associations like the AICPA can regulate the conduct of accountants and make sure that it stays a trusted profession for many more years to come. And if you think about it, accountants report all of the financial information and results that control our markets and our economy. So if accountants weren't ethical, we couldn't rely on any financial data that controls what the price of the stocks is for our market. It's really important for accountants to have ethics."

eHow Article: Why Are Ethics Important in Accounting?

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