Roles and Professional Ethics Flashcards
1
Q
Role of Accounting
A
Accounting is an information system that provides accounting information for stakeholders to make informed decisions regarding the management of resources and performance of the business
2
Q
Role of Accountants
A
Accountants prepare and provide accounting information for decision-making
Accountants set up an accounting information system and become stewards of the business.
3
Q
Professional Ethics
A
An Ethical accountant has integrity and is objective
4
Q
Professional Ethics
A
An accountant with integrity is straightforward and honest in all professional relationships
5
Q
Professional Ethics
A
An accountant who is objective will not let bias, conflict, interest, or undue influence of others override his or her professional judgment
