Ten. Ethics Applied to the Accounting Firm

  1. Ronald Duska1,
  2. Brenda Shay Duska2 and
  3. Julie Ragatz1

Published Online: 20 APR 2011

DOI: 10.1002/9781444395907.ch10

Accounting Ethics, Second Edition

Accounting Ethics, Second Edition

How to Cite

Duska, R., Duska, B. S. and Ragatz, J. (2011) Ethics Applied to the Accounting Firm, in Accounting Ethics, Second Edition, Wiley-Blackwell, Oxford, UK. doi: 10.1002/9781444395907.ch10

Author Information

  1. 1

    The Center for Ethics in Financial Services, The American College, USA

  2. 2

    Del Pizzo & Associates, USA

Publication History

  1. Published Online: 20 APR 2011
  2. Published Print: 11 MAR 2011

Book Series:

  1. Foundations of Business Ethics

Book Series Editors:

  1. W. Michael Hoffman and
  2. Robert E. Frederick

ISBN Information

Print ISBN: 9781405196130

Online ISBN: 9781444395907

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Keywords:

  • ethics applied - to the accounting firm;
  • Arthur Andersen's role in the Enron collapse - leading Business Week, a special report called “Accounting in Crisis”;
  • inappropriate behaviors by accounting firms - leading to the passage of the Sarbanes–Oxley Act (SOX);
  • commercialization, infecting professions - like medicine, teaching, and law, profit-motivated business interests;
  • social responsibility of business - idea of business as a social institution, perception that its fundamental to make a profit;
  • societal benefit - the end that justifies the pursuit of profit;
  • purposes, directing us to an activity's goal - goals, not being motivating forces;
  • motivating forces, the psychological “whys” for doing things;
  • good ethics is good business - maxim that good ethics is good business, applying to accounting profession;
  • ethical responsibilities of accounting firms - businesses, entering into relationships with individuals and groups, relationships involving responsibilities

Summary

This chapter contains sections titled:

  • Accounting as a Business

  • The Social Responsibility of Business

  • Good Ethics is Good Business

  • Ethical Responsibilities of Accounting Firms

  • The Accounting Profession in Crisis