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Accounting Ethics / Edition 2
     

Accounting Ethics / Edition 2

4.7 13
by Ronald Duska, Brenda Shay Duska, Julie Anne Ragatz
 

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ISBN-10: 1405196130

ISBN-13: 9781405196130

Pub. Date: 04/26/2011

Publisher: Wiley

This new edition of Accounting Ethics has been comprehensively updated to deal with the significant changes within the accounting profession since 2002; the authors systematically explore the new range of ethical issues that have arisen as a result of recent developments, including the financial crisis of 2008.

  • Highlights the debates over the use of

Overview

This new edition of Accounting Ethics has been comprehensively updated to deal with the significant changes within the accounting profession since 2002; the authors systematically explore the new range of ethical issues that have arisen as a result of recent developments, including the financial crisis of 2008.

  • Highlights the debates over the use of fair-value accounting and principles- versus rules-based standards
  • Offers a comprehensive overview of ethics in accounting, as well as an examination of and recommendations for solving the current crisis in this field
  • Investigates the nature and purpose of accounting
  • Uses concrete examples and case studies, including current situations
  • Examines the ethical responsibilities of individual accountants as well as accounting firms

Product Details

ISBN-13:
9781405196130
Publisher:
Wiley
Publication date:
04/26/2011
Series:
Foundations of Business Ethics Series , #21
Edition description:
Second Edition
Pages:
254
Sales rank:
157,179
Product dimensions:
6.00(w) x 8.90(h) x 0.60(d)

Related Subjects

Table of Contents

Acknowledgments x

Preface xii

Introduction 1

1 The Nature of Accounting and the Chief Ethical Difficulty: True Disclosure 9

I The Nature of Accounting 10

II Ethics of Disclosure 14

III The Financial Statement 17

IV Roles an Accountant can Fulfill 20

V Development of Explicit Accounting Standards and Regulations 22

VI The Sarbanes–Oxley Act (SOX) 27

VII Recent Scandals that Provoked More Regulation 29

VIII Conclusions 30

2 Ethical Behavior in Accounting: What Is Ethics? 31

I What Is Ethics? 34

II Ethics: The Intellectual Enterprise 35

III Actions 35

IV Social Practices, Institutions, and Systems 36

V Why Study Ethics? 36

VI Being Ethical: How to Determine What to Do 38

VII Questions to Ask to Justify An Action: The Basis of Ethical Theory 42

VIII Using the Reasons 46

IX Ethical Dilemmas 47

X Some Classic Moral Dilemmas 48

3 Ethical Behavior in Accounting: Ethical Theory 51

I Egoism 52

II Utilitarianism 57

III Kant and Deontology 61

IV Deontological Ethics 62

V The First Formula of the Categorical Imperative 64

VI The Second Formula of the Categorical Imperative 65

VII Virtue Ethics 66

4 Accounting as a Profession: Characteristics of a Profession 69

5 Accounting Codes of Conduct 77

I AICPA Professional Code of Conduct 79

II Code Principles 80

III Criticisms of the Code of Conduct 92

6 The Rules of the Code of Conduct 93

I Section 100 – Independence, Integrity, and Objectivity 94

II Section 200 – General Standards Accounting Principles 99

III Section 300 – Responsibilities to Clients 102

IV Section 400 – Responsibilities to Colleagues 103

V Section 500 – Other Responsibilities and Practices 103

7 The Auditing Function 109

I The Ethics of Public Accounting 113

II Trust 115

III The Auditor’s Responsibility to the Public 116

IV The Auditor’s Basic Responsibilities 118

V Independence 122

VI Independence Risk 127

VII Professional Skepticism 131

VIII Reasonable Assurance 133

8 The Ethics of Managerial Accounting 135

I Reasons Used to Justify Unethical Behaviors 140

II Blowing the Whistle 144

9 The Ethics of Tax Accounting 151

10 Ethics Applied to the Accounting Firm 167

I Accounting as a Business 169

II The Social Responsibility of Business 170

III Good Ethics is Good Business 175

IV Ethical Responsibilities of Accounting Firms 177

V The Accounting Profession in Crisis 177

Afterword: Current Debates on Accounting Issues 185

I Fair Value and Principles vs. Rules 185

II Fair Value Accounting 189

III Arguments For and Against the Fair Value Approach 193

IV Summary 198

V Principles vs. Rules 199

VI Introduction 199

VII Isn’t GAAP Already Principles Based? 200

VIII An Example: The Continental Vending Case 204

IX Recent Developments of “Present Fairly” 206

X A Better Question 207

XI Argument for a Rules Based Approach 208

XII What Would a Principles Based Approach Look Like? The True and Fair Override 211

XIII Argument for a Principles Based Approach 212

XIV Conclusion 215

Appendix A: Summary of Sarbanes–Oxley Act of 2002 217

Appendix B: The IMA Code of Conduct for Management Accountants 230

Index 233

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Accounting Ethics 4.7 out of 5 based on 0 ratings. 13 reviews.
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