One of the biggest problems facing the accountancy profession across the globe is dealing with issues that bordered on ethical grounds.
A student asked me recently on what should he do when the auditor has asked him to disregard some audit errors done.
Taking a step back from such incidents, the biggests issues seem to be:-
- how do we teach our students and
- what to teach our students about “ethics”?
How do our students learn about managing ethical issues?
In July 2007’s Accounting & Business (A&B), “ethics should be taught (and learnt) as a part of lifelong professional learning”.
What to teach then?
Peter Williams in A&B presented 5 fundamental principles in:-
- integrity —- [“yuen cherk”]
- objectivity — [“unbiased and focused”]
- professional competence and due care — [“got leow” and not “boh chap”]
- confidentiality — [“your mouth must learn to talk less or stop talking”]
- professional behaviour — [“dun anyhow”]
Friends – It is not easy to be a professional and an accountant at the same time.