The importance of professional ethics in the accounting profession
Written by:Diomer Antonio Galán Rincón.
Bachelor's Degree.Public Accounting / MSc.Science of Higher Education.
The history of mankind has developed in the perennial discussion between good and bad, the actions considered good and those that are classified as bad. But, this dilemma is difficult to understand without a review of the concept of ethics. Today, the exponential advance of information and communication technologies (ICT) has led to the globalization of the debate on ethics. Now, which human actions are ethical and which are not?
Professional ethics is essential in the fair development of societies, in each profession there are rules to respect, which are the guidelines that guide the actions of individuals: an example of this is the profession of the public accountant, because his signature on a document is a guarantee that what is reflected therein is a reflection of reality, referring to all types of documentation addressed to natural and legal persons as well as in the financial statements of organizations. However, in many cases, this ethical criterion is not taken into account, which is when problems of lack of credibility arise, due to the damage caused to society.div>
Image taken from:Pixabay
In this regard, Hijar and Chávez (2006) point out that "ethics investigates what is the supreme good, the nature and value of moral conscience, the foundation of obligation", however, the problem of ethics continues to revolve around the common good; but what is common good, to date humanity has not been able to reach an agreement. What was true before, is no longer true today, or at least there are doubts about the perception that has been made until then.
In this order, it is worth commenting that ethics is like a guide that directs the actions of individuals, to do the right thing, that which benefits society or does not cause harm. This occurs at all levels and roles of people, but it is important that it is fulfilled in professionals of any branch of knowledge, since it is a determining factor for society.
In the case of public accountants, it is important to point out the contribution of Taborda (2013), for whom, the axiology of public accounting "is understood as the area of philosophy that analyzes the nature of values, as well as value judgments, which, must be taken into account in the development and training of the public accountant", therefore, the actions of public accountants in their profession, must be of high responsibility.
In this sense, it should be mentioned that through the history of accounting it has been possible to show how it has been dedicated to account for the social, financial and economic reality of each period in the history of the companies and the financial statements of the countries. In this regard, the responsibility of public accountants when validating financial statements is emphasized. According to Catacora (2009), financial statements "represent the main product of the entire accounting process carried out in a company".
The lack of ethics arises when the accountant lends himself to endorse incorrect financial statements because in many cases they serve to benefit the organization of some commercial loans granted by some commercial banks, where figures are made up, resulting in bankruptcy due to the lack of liquidity to honor the loan installments, generating a financial crisis and thus many negative social burdens for society.
I hope you like my article and I would appreciate all your comments.
Bibliographical Reference:
1.- Catacora, C. (2009). El Fenómeno de la Inflación. Editorial Especializada. Barcelona, Spain.
2- Code of Professional Ethics of the Venezuelan Public Accountant (CEPCPV). (2010), Association of Public Accountants of the State of Lara.div>
3.- Hijar and Chavéz (2006) Diccionario de filosofía. Limusa Editores. Mexico.
4.- Taborda, Ch. (2013) The Ethical and Professional Formation of the Public Accountant. In the Metropolitan Area of Medellin. Universidad de San Buenaventura. Sectional Medellín. Faculty of Business Sciences.
0
0
0.000
Electronic-terrorism, voice to skull and neuro monitoring on Hive and Steem. You can ignore this, but your going to wish you didnt soon. This is happening whether you believe it or not. https://ecency.com/fyrstikken/@fairandbalanced/i-am-the-only-motherfucker-on-the-internet-pointing-to-a-direct-source-for-voice-to-skull-electronic-terrorism
Loved the article. I am on the reconciliation side with accounting and this one speaks to me. True to that, integrity plays a big role while I am doing my job as I can pinpoint on who should I reach out to incase that a mess has is ongoing esp. the accounts. Some folks like to give their waiver, signature etc. for their own personal gain or sometimes just for the sake of having an easy way around.
Greetings @ tpkidkai. No doubt that the accounting profession deserves to have an impeccable ethics, as it is synonymous with loyalty to the laws and rectitude in the person attached to good manners.
I am an accountant by profession and a university professor and I try to instill this in future colleagues for the welfare of the profession and the country.
Thank you very much for your comments, I hope you can continue reading my publications.
Yes I will do that, I followed your account to make sure that I will not be missing a feed. Though I reply really slow hahaha.
Congratulations @dgalan! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) :
Your next target is to reach 35000 upvotes.
You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPThank you very much for the recognition, we continue to work for the growth of HIVE.
You're welcome @dgalan.
BTW, it would be much appreciated if you support our proposal on Peakd, ecency, Hive.blog or using HiveSigner so we can continue our work!
https://peakd.com/me/proposals/147
Thank you!