Immanuel Kant once said ‘in law a man is guilty when he violates the rights of others. In ethics he is guilty if he only thinks of doing so’. Ethics in accountancy profession requires much more than professional competence in technical matters. The actions or inactions of accountants, whether they are working in business, advisory or audit, influence decisions and actions of others, and contribute to the moral bearing of organizations and societies. Accountancy, as with other professions, is in fact, a social and moral practice.
An article by Erica Steenwijk, on IFAC’s website states how accountants deal with ethical dilemmas with confidence, and we would like to share you to read it.