Business and Accounting Ethics Essay Example | Topics and Well Written Essays - 500 words

Business and Accounting Ethics - Essay ExampleThe master(prenominal) purpose of problem ethics is to maintain a code of take in which reinforces consumer confidence in the business. The American Institute of Certified Public Accountants (AICPA) has put down ethical guidelines for accounting. The AICPAs first principle of professional conduct states In carrying out their responsibilities as professionals, members should exercise sensitive professional and moral judgments in all their activities.The friendly Rule is this that one should live their life with integrity and bearing a sound moral character. victor cannot be measured by the acquisition of money only. A 1987 survey of corporate executives administered by Touche Ross revealed that ii thirds believed that high ethical standards improve a firms competitive position but felt that increased ingress on short-term earnings and decay in cultural and social institutions are major threats to business ethics. 1Ethics must be the cornerstone of every business. This applies to my real estate and loan brokerage businesses aptly. The denomination stresses on transparency and pursuing good moral values in order to earn foresighted term benefits. Ethics is also essential in building trust and confidence in the open for your business. Real Estate businesses have to do with direct interaction with the customers. Ethics is especially relevant here.