ACCT 302 Research Paper Assignment Instructions Overview For your Research Paper, you will choose a topic that deals with some aspect of theory related to topics covered in the course and have it...

AICPA - Ethics in Accounting
AICPA
AICPA or The American Institute of Certified Public Accountants is one of the most renowned and reputed institutes in the world, it is also the national professional organization of CPA (Certified Public Accountants) in the United States. The total number of members as of 2020 is more than 428,000 in more than 130 countries in various industries, businesses, and more.
Founded in 1887 the organization monitors and enforces various ethical standards which are to be followed by the members and the other bodies to maintain a good environment across the accounting industry which is a very important industry in any economy.
Ethics in Accounting
Ethics are the values that keep the integrity and the rightness of anything in the right place. The ethics in the accounting and the business industry started getting interested in the year 1980s and 1990s within the organizations and major corporations which got so big that the control had to be decentralized to run the organization efficiently and effectively
Almost now and then we think of accountants and the first thing which comes to mind while thinking about the accounting professionals is usually the CPAs (Certified Public Accountants), but are they the only professionals who work in this accounting field? No, in f many people who are neither registered nor has passed any exams are also working the similar works which the CPAs perform. These unregistered people cannot perform audit because of the law not allowing them to perform, but other than that all the activities which a CPA perform are the ones which these people perform too someway or the other, which is unethical. This is unethical we all know but how do we stop, there is no way to stop as they only lack qualification.
This makes ethics in accounting more and more important, but at the same time, this ethics in accounting is misunderstood in the world of business today too. Ethics in accounting is misunderstood because ethics here deals with the questions which are related to the business practices and answers whether the practice is acceptable or not, this question and answer is very subjective and therefore there is no universally accepted approach for addressing, that is the reason the accounting profession has long relied on the reputation of integrity which is an integral part of ethics in accounting.
Because of the last decade and the various drawdowns which we saw in 2000-2010, the pressure on the ethical behaviour is more on the accounting profession, and therefore it is of very high importance for accounting to be at the edge and be ethical at every point.
Ethics in accounting is one of the most important elements in accounting because of many reasons like:
· In accounting all the information which are present is sensitive and therefore it must be dealt with care and ethically to not let the data or information get manipulated.
· Mistakes will lead to material impact on many things, any mistake in the accounting world leads to material impact on many users and on many things like the economy, the business, and most important the investment...