When is an Accounting Practice Ethical?

Earnings Management > Best Practices > When is an Accounting Practice Ethical?

When is an Accounting Practice Ethical?
Jane Mulder
Do you agree that if an accounting practice is not explicitly prohibited, or is only a slight deviation from the rules, it should be considered an ethical practice? Why?...Sign up

It Depends on the Implications of the 'Error'
Jagdish B Acharya, Consultant, India, Premium Member
There is a hierarchy in accounting "errors" along following lines:
1. Minor error of omission - impact is negligible on share value
2...Sign up

Earnings Management Practices
Mauricio Crippa, Manager, Brazil, Member
Managing earnings, although not illegal, I believe is always an unethical practice, as whether improving, reducing or smoothing financial numbe...Sign up

Ethical Accounting Practices
Mahmoud Al-Fayyad, Career Consultant, Jordan, Member
Accounting practice is ethical when it doesn't harm individuals, groups or institutions. If a practitioner intends to harm or manipulate instru...Sign up

Impartial Audit Comittees
Andana, Analyst, Sweden, Member
There should be some controls in place by audit committees to examine and compare the company’s reported operating profit with the cash flow an...Sign up

Ethical Accounting Practices
Broli, Consultant, South Africa, Member
Unfortunately too many people and corporates hide behind the courts to test unethical behaviour in todays world. I am very much in favour of th...Sign up

Noisy accounting statements
Noisy accounting statements have been with us since a long time and I guess they are here to stay.
Accouncy firms know, very well, what le...Sign up

Materiality and Intent Matter
Sandi Farkas, Consultant, United States, Member
If the accounting practice is misleading for users of the financial statements and/or results in a material misstatement of the financial stability or...Sign up

When is an Accounting Practice Ethical?
Raymond J. Wennier, Consultant, Guatemala, Member
Ethics is a system of right or wrong. It is not a "slight deviation". Ask ex Exxon executive!...Sign up

Ethical Accounting
Dilip Khanal, CEO, Nepal, Member
Rules are made by people and should be flexible to accommodate good intents. I opine that a slight deviation from rules might be ethical, provided ...Sign up

When is an Accounting Practice Ethical?
Raymond J. Wennier, Consultant, Guatemala, Member
Thank you for your comments. The system of right or wrong these days has accommodated itself... It is hard to distinguish whether there are good in...Sign up

Don't Confuse Information and Knowledge!
Users of accounting statements must be aware of the distinction between data, information and knowledge. Ethics is a necessary, but insufficient co...Sign up

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