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What Is The Ethical Code Of Ethics

Decent Essays

Paran, Kate Gabrielle
Resurreccion, Diandra Mae
Rosales, Lyka

INTRODUCTION
Ethics is basically a common thing that the world expects for an individual to possess. This is concerned solely with moral values and principles of individuals. According to an American Judge, Potter Stewart “Ethics is knowing the difference between what you have a right to do and what is right to do.” This states that every individual differs from perceptions of their minds about what you have a right to do and what is the right thing to do. What you have a right to do indicate the individual’s ability to do what is legal, but this doesn’t necessarily mean it is the right thing to do. Ethics is different from law, sometimes people misinterpret this and do things that they are “required” to do rather than what they are “allowed” to do which unconsciously leads them with doing unethical things.

Ultimately, ethics is important not so that “we can understand” …show more content…

It deals with human conduct and how an individual reacts and decides appropriately. In a profession, there are ethics that should be observed in order to maintain the public interest for the profession. In most companies, these ethics are presented to employees through code of ethics. This code includes detailed guidelines to encourage ethical and responsible behavior to their employees. Accounting profession has a code of ethics containing the required behavior of accountants for the profession. It represents the ethical requirements needed to observe and comply in order to act responsibly in the public interest. The fundamental principles presented in the code help accountants avoid any action that could discredit the profession. The code of ethics provides an opportunity for accounting professionals to examine the values and goals of their work, and offer information to others about what can be expected from them. (Thorpe and Blake,

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