Research Paper on Ethical Dilemma Example | Topics and Well Written Essays - 1000 words

On Ethical Dilemma - Research Paper Example, people with work experience, or exposure gained through a get wells in Business Administration degree frequently find themselves better equipped for the exam (Sterret, 1906).This is because accountancy is the language of business, and pertains to this area of professionalism only. Accountants, once qualified, cause part of associations of accountants in their country. For example, in the USA they become part of the American Institute of CPAs. In the UK, they join a different institute, namely the Institute of chartered Accountants UK. Similarly, different institutes in different countries acknowledge the professional services provided by their accountants (Garber, 2008). Accountants report facing very challenging and rewarding careers, but at the homogeneous time, face numerous ethical dilemmas due to the sensitive nature of their work.The reason why an accountants work is sensitive is that they are responsible for discussion the fina nces of other people, as well as corresponding to the higher authorities in the government. This level of responsibility binds them to follow a certain label of ethics in their line of work, as professionals. The aforementioned associations, to which these accountants belong, provide this code of ethics. In England and Wales, for instance, accountants follow the code of ethics implemented by the Institute of contract Accountants of England and Wales (ICAEW). This code is similar in all countries, and entails five main traits to be present in every accountants work. First is integrity, which requires total satinpod and straightforwardness from the accountant while engaging in all business relationship. This helps maintain the reliability, of both the accountant and the firm that he or she represents.Next is objectivity, which requires that any professional actions taken by the accountant be uninfluenced from any biases or conflicts of interest. The accountant needs to remain impar tial while making decisions, and unrestrained by the