Discuss the Importance of Ethics in the Accounting Profession

question 40

Essay

Discuss the importance of ethics in the accounting profession.

---

Definitions:

Optimistic Biases

The tendency to believe that we are less likely to experience negative events and more likely to experience positive events compared to others.

Pessimistic Biases

A cognitive tendency to anticipate negative outcomes or to view situations more negatively than they may actually be.

Easterners

Typically refers to individuals from East Asian cultures, often emphasizing values such as community, harmony, and relational interdependence.

Westerners

refers to people from Western societies or cultures, often emphasizing values such as individualism, democracy, and economic freedom.