Explore BrainMass

Explore BrainMass

    Accountants and the ethics they face

    Not what you're looking for? Search our solutions OR ask your own Custom question.

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    What are some of the specific ethical issues facing accountants?

    © BrainMass Inc. brainmass.com December 24, 2021, 4:59 pm ad1c9bdddf

    Solution Preview

    An ethical conflict exists when the duties toward one group are inconsistent with responsibilities to another. He frequently receives substantial client fees for both auditing and non auditing services. Yet, he is expected to provide an impartial endorsement of financial statements. Should an accountant elect to publicize a discovered impropriety, he runs the risk of violating confidentiality, facing litigation, and damaging clients' trust. ...

    Solution Summary

    Here is just a sample of what you'll find in this solution:

    "Alternatively, if he withholds general release of this information his actions can be considered legally negligent. He also has to fear the resultant loss of reputation from being overly lenient."