Why Is Ethics in Accounting Practices Important

question 23

Multiple Choice

Why is ethics in accounting practices important?

• A) So stakeholders can seek higher return on their investment
• B) Accounting methods depend on the veracity of their application.
• C) To ensure consistency between firms
• D) To allow for uniformity in CPA standards and application
• E) To allow multinational firms to understand international investment

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Definitions:

Mintzberg

Refers to Henry Mintzberg, a renowned academic and author known for his work on business and management structures, strategy, and organizational effectiveness.

Managerial Role

The specific behaviors and tasks required from a manager, including planning, organizing, leading, and controlling organization resources.

Spokesperson

An individual authorized to speak on behalf of an organization, representing its views and messages to the public or specific audiences.

Human Resource Management

The strategic approach to managing people in an organization in a way that maximizes their contribution to the achievement of business objectives.