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Ethical accounting practices for public & private companies

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Discuss whether or not you think ethical accounting practices are equally important for both public and private companies. Discuss the importance of having a proper accounting system in place and why it is important to understand financial statements.

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The solution discusses whether or not you think ethical accounting practices are equally important for both public and private companies and also discusses the importance of having a proper accounting system in place and why it is important to understand financial statements.

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Ethical accounting practices are definitely important for both public and private companies. With public companies, ethical accounting practices are needed to ensure transparency for investors, creditors, and other stakeholders. In public companies, transparency is equally important, because the financial statements are used by internal and external stakeholders, creditors, and other users.

Transparency begins and ends with ...

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