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What Ethical Issues Arise in Accounting and How can These be Dealt With?

Name: Liu Xinyu/Nicole

Class: AMF

Creative Accounting

Tax evasion

WorldCom

what ?

--- escape duties

overstate profits ---- $4 billion

OUTLINE

intention----illegal

expenses --- capital investments

revenue

profit

1. Creative Accounting

CHINA:

$595 billion of tax revenue

damage from 2005 to 2010

BANKRUPTCY

http://latimesblogs.latimes.com/photos/uncategorized/2008/07/31/cluster_bucks

2. Tax Evasion

http://im.rediff.com/money/2012/mar/08tax2

3. Ethical Education

Creative Accounting

4. Social Supervision

Ethical Education

(fundamental)

5. Government Sanction

accountants

accounting students

what ?

--- modify financial statement ?

moral behaviors

personal qualities

cheating !!!

accounting process

http://www.skeptic.ca/Voodoo-Accounting

http://pad1.whstatic.com/images/thumb/b/bf/Use-an-Accounting-Education-Step-1-Version-2.jpg/670px-Use-an-Accounting-Education-Step-1-Version-2

http://socialworksupervisor.com/wp-content/themes/directorypress/thumbs/shutterstock_54205174

Conclusion

Reference List

Conclusion

Social supervision

Reference List

Thanks for Listening

Government Sanction

( long-term and effective)

(powerful)

Creative Accounting

Tax Evasion

LIE

Mele, D. (2005). Ethical education in accounting: Integrating rules, values and virtues.

Journal of Business Ethics, 57(1), 97-109.

Ni, X. & HUANG, H. (2010). Probe into the reasons of absence in accounting credit among listed companies

and study on countermeasures. Canadian Social Science, 6(4), 224-230.

Omurgonulsen, M. & Omurgonulsen, U. (2009). Critical thinking about creative accounting

in the face of a recent scandal in the Turkish banking sector. Critical Perspectives on Accounting, 20(5), 651-673.

Shah, A. K. (1996). Creative compliance in financial reporting. Accounting, Organizations and Society, 21(1), 23-39.

Spalding, A. & Oddo, A. (2011). It is time for principles-based accounting ethics.

Journal of Business Ethics, 99(1), 49-59.

Spiceland, D. (2005). Review of the accounting process.

Intermediate Accounting. 55-56.

Now: social restriction is unhealthy and

unsound

Ethical Education --- a fundamental method

Social Supervision --- a long-term and

effective method

Government Sanction --- a powerful method

Benston, G. J., Bromwich, M. & Wagenhofer, A. (2006).

Principles-versus rules based accounting standards: the fasb’s standard setting strategy. Abacus, 42(2), 165-188.

Fatt, J. P. T. (1995). Ethics and the accountant. Journal of Business Ethics, 14(12), 997-1004.

Flory, S. M., Phillips, T. J., Reidenbach, R. E., & Robin, D. P. (1992). A multidimensional analysis of selected ethical issues in accounting. The Accounting Review, 67(2), 284-302.

Gowthorpe, C. & Amat, O. (2005). Creative accounting: some ethical issues of macro- and micro- manipulation. Journal of Business Ethics, 57(1), 55-64.

Li, X. & Zhang, Y. (2013). China joins global effort to combat tax evasion. China Daily.

McGee, R. W. (2012). Four views on the ethics of tax evasion. The Ethics of Tax Evasion: Perspectives in Theory and Practice, 11-14. New York: Springer.

  • establish complete rules, standards, and financial laws
  • undertake legal liability and huge fines
  • bankruptcy

please ask me questions

if there is anything you don't understand

HOW ?

the absence of credibility

in accounting

  • fortify the power of supervision
  • build up a credibility level system
  • strengthen an internal control system
  • open accounting information

http://img.taopic.com/uploads/allimg/120309/8879-12030921221055

http://168hair.demo.works.tw/upload/image/%E5%95%8F%E8%99%9F%E5%90%9B/%E5%95%8F%E8%99%9F%E5%90%9B%201

http://img.taopic.com/uploads/allimg/120309/8879-12030921221055

http://graphics8.nytimes.com/images/section/jobs/200703/clipart/accounting-finance-insurance-jobs

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