Original Research
A critical consideration of ethical foundations for the accounting profession
Koers - Bulletin for Christian Scholarship/Bulletin vir Christelike Wetenskap | Vol 77, No 2 | a45 |
DOI: https://doi.org/10.4102/koers.v77i2.45
| © 2012 Pieter Buys, Susan Visser, Merwe Oberholzer
| This work is licensed under CC Attribution 4.0
Submitted: 27 June 2012 | Published: 13 December 2012
Submitted: 27 June 2012 | Published: 13 December 2012
About the author(s)
Pieter Buys, School of Accounting Sciences, North-West University, South AfricaSusan Visser, School of Accounting Sciences, North-West University, South Africa
Merwe Oberholzer, School of Accounting Sciences, North-West University, South Africa
Abstract
When considering some of the key reasons for the desperate state of the current global economic environment, it is difficult to deny accounting’s role therein. Although accounting institutes require adherence to codes of conduct, the question remains as to what happened to the stewardship function of the accounting profession. This article has critically reflected on the question, ‘What constitutes an ethical accounting profession’? The key principles within many institutes’ codes of conduct, such as competency, integrity, objectivity and confidentiality, have been considered against the background of utilitarianism, formalism and virtue ethics as foundational ethical theories. This article has concluded that although these principles aim to provide a framework for ethical accounting conduct, individual subjectivity on the part of the accountant will play a role in how these ethical principles become ethical practices.
Keywords
Accounting; confidentiality; ethics; formalism; integrity; objectivity; professional competency; stewardship; utilitarianism
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