As with all professions, enforcement of a code of ethics in a manner which encourages outsidersto…

As with all
professions, enforcement of a code of ethics in a manner which encourages
outsidersto believe that accountancy bodies are serious on this issue is not
simply a case of having a disciplinary code. Outsiders can be very sceptical
about self-regulation, especially if accountants found guilty of unethical
conduct are let off with a warning or a minor fine. This is a difficult
situation to address: non-accountants lack the technical knowledge and
expertise to interpret accounting practice and so are incapable of truly
understanding many of the situationsthat may arise. Finding
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As with all
professions, enforcement of a code of ethics in a manner which encourages
outsidersto believe that accountancy bodies are serious on this issue is not
simply a case of having a disciplinary code. Outsiders can be very sceptical
about self-regulation, especially if accountants found guilty of unethical
conduct are let off with a warning or a minor fine. This is a difficult
situation to address: non-accountants lack the technical knowledge and
expertise to interpret accounting practice and so are incapable of truly
understanding many of the situationsthat may arise. Finding something more
appropriate is difficult, if not impossible.

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