Ethics Issue Affecting Accountants in the United States
Ethical Issues Affecting Accountants
Introduction
The need for ethical standards within the corporate accounting field is urgent, and this paper delves into ethical issues. Given the fact that rules can be bent and manipulated, this paper also points to potential ways in which ethics can become as important as rules.
While there has apparently been a "shift in the ethical behavior of management" – which is related to the corruption and convictions of accountant-related individuals with Enron and Author Anderson – the literature indicates that there are still ethical issues to be addressed within the industry (Bolt-Lee, et al, 2010, p. 38). Research presented in the peer-reviewed Journal of Accountancy shows that subsequent to the Enron and other scandals, there is a movement toward a "…more heightened state of ethical awareness" that is apparently due to "…the greater likelihood of punitive consequences" (Bolt-Lee, 38).