Business and Accounting Ethics Essay Example | Topics and Well Written Essays - 500 words

Business and Accounting Ethics - Essay ExampleThe main purpose of business ethics is to maintain a code of conduct which reinforces consumer combine in the business. The American Institute of Certified Public Accountants (AICPA) has put down ethical guidelines for accounting. The AICPAs first principle of professional conduct states In carrying out their responsibilities as professionals, members should exercise sensitive professional and moral judgments in all their activities.The Golden Rule is this that one should live their life with integrity and bearing a cash in ones chips moral character. Success cannot be measured by the acquisition of money only. A 1987 survey of corporate executives administered by Touche Ross revealed that two thirds believed that high ethical standards better a firms competitive position but felt that increased concentration on short-term earnings and decay in cultural and social institutions be major threats to business ethics. 1Ethics must be the co rnerstone of every business. This applies to my real estate and loan brokerage businesses aptly. The article stresses on transparency and engage good moral values in order to earn long term benefits. Ethics is also essential in building trust and self-reliance in the public for your business. Real Estate businesses have to do with direct interaction with the customers. Ethics is especially relevant here.