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Definition of Integrity in Accounting

Integrity Discussion

The American Heritage Dictionary defines integrity as "a rigid adherence to a code or standard of values; a state of being unimpaired; soundness; the quality or condition of being whole or undivided." One acquires integrity through a variety of sources.

In your discussion of the topic, discuss what it means to have integrity. What characteristics should an accountant exhibit for someone to say that he/she is a person of integrity? Also, discuss how an individual acquires integrity.

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Solution Preview

Integrity is simply a consistency and honesty within a system and it should be the organizing principle for accounting practices in a firm. It is the quality from which the public trust derives and the benchmark against it. An accountant can consider someone as a person of integrity if he/she consistently applies accounting policies and procedures of the organization, reports a true and fair view of the organization's financial position and performance and complies with the ...

Solution Summary

This solution discusses the concept of integrity, explaining real world examples of integrity in accounting.