Research Paper on Ethical Dilemma Example | Topics and Well Written Essays - 1000 words

On Ethical plight - Research Paper Example, people with work experience, or exposure gained through a outperforms in Business Administration degree frequently find themselves better equipped for the test (Sterret, 1906).This is because accountancy is the language of business, and pertains to this area of professionalism only. Accountants, once qualified, aim part of associations of accountants in their country. For example, in the USA they become part of the American Institute of CPAs. In the UK, they join a different institute, namely the Institute of rent Accountants UK. Similarly, different institutes in different countries acknowledge the professional services provided by their accountants (Garber, 2008). Accountants report facing in truth challenging and rewarding careers, but at the same time, face numerous ethical dilemmas due to the untoughened nature of their work.The reason why an accountants work is sensitive is that they are responsible for handling the finances of other people, as well as corresponding to the higher authorities in the government. This level of responsibility binds them to follow a certain code of ethics in their line of work, as professionals. The same associations, to which these accountants belong, provide this code of ethics. In England and Wales, for instance, accountants follow the code of ethics implemented by the Institute of charter Accountants of England and Wales (ICAEW). This code is similar in all countries, and entails five main traits to be present in all accountants work. First is integrity, which requires total honesty and straightforwardness from the accountant while engaging in whatsoever business relationship. This helps maintain the reliability, of both the accountant and the firm that he or she represents.Next is objectivity, which requires that any professional actions taken by the accountant be uninfluenced from any biases or conflicts of interest. The accountant needs to remain impartial while ma king decisions, and unhindered by the