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Ethics and Auditing

Ethics and Auditing delves into the ethical challenges faced by the accounting and auditing professions. This scholarly work examines the interconnected issues of moral responsibility, legal compliance, and professional standards within the financial world. By analyzing recent high-profile accounting scandals, the book aims to engage a broad readership in discussions about ethical conduct in these critical fields.

Recommended for:

  • Accounting professionals, auditors, and financial regulators seeking a deeper understanding of ethical dilemmas within their professions.
  • Academics and researchers interested in the intersection of ethics, accounting, and corporate governance.
  • Anyone concerned with financial transparency and accountability in the business world.

You will:

  • Gain a critical perspective on the ethical issues plaguing the accounting and auditing professions through in-depth analysis of real-world case studies.
  • Explore the complex interplay between moral principles, legal frameworks, and professional codes of conduct for accountants and auditors.
  • Examine the root causes of accounting scandals, including pressures to inflate profits, meet analyst expectations, and prioritize short-term gains over long-term sustainability.
  • Analyze the role of corporate governance structures and their influence on ethical decision-making within organizations.
  • Engage in discussions about potential solutions and reforms to strengthen ethical conduct within the accounting and auditing professions.

Detailed Overview

Ethics and Auditing transcends a simple textbook approach. It tackles complex ethical issues within the accounting and auditing professions through a multifaceted lens. The book doesn’t shy away from examining real-world examples of accounting scandals, such as Enron and Lehman Brothers. By dissecting these cases, the authors aim to provide readers with a deeper understanding of the ethical dilemmas accountants and auditors can face.

The book delves into the concept of auditor independence, a cornerstone of the auditing profession. It explores the potential conflicts of interest that can arise when auditors become too reliant on the companies they audit for fees,jeopardizing their ability to provide objective assessments.

The concept of professional skepticism is also a central theme. The book emphasizes the importance of auditors maintaining a critical and questioning approach when reviewing financial statements, rather than simply accepting them at face value. This skepticism is crucial in identifying potential red flags and preventing fraudulent accounting practices.

Ethics and Auditing” doesn’t solely focus on identifying problems. It also explores potential solutions and reforms to create a more ethical and sustainable accounting environment. The book examines the role of regulators in setting and enforcing stricter accounting standards. It also highlights the importance of fostering a corporate culture that prioritizes ethical conduct, transparency, and long-term value creation over short-term gains.

The book acknowledges the need for ongoing dialogue within the accounting profession itself. It encourages accountants and auditors to engage in open discussions about ethical dilemmas, share best practices, and hold each other accountable for maintaining high ethical standards.

By offering a comprehensive analysis of ethical issues, real-world case studies, and potential solutions, Ethics and Auditing aims to contribute to a more ethical and transparent financial environment. The book serves as a valuable resource for professionals, academics, and anyone concerned with the integrity of the accounting and auditing professions.

Citation and Licensing

Tom Campbell, Keith Houghton (Eds.). ANU Press. (2005). Ethics and Auditing. This ebook is published by ANU Press and is publicly available on their website: https://press.anu.edu.au/publications/ethics-and-auditing

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Ethics and Auditing
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