From the course: Accounting Ethics
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Differing between ethics, values, and beliefs
From the course: Accounting Ethics
Differing between ethics, values, and beliefs
- Ethics, values and beliefs, three words that laid a foundation for well-founded financial decision making. Without them, accountants would make decisions willy-nilly, without concern for anyone else except what they or their clients want to see. In casual conversation, we tend to use these terms loosely, but within the context of professional accountability, there are explicit differences. Beliefs in accounting are about adhering to accepted morals and ethics. They're formed through clearly defined professional values and ethical guidelines. Beliefs are challenging to define, but simply, it's something a person holds to be true and commits to. You certainly hold personal beliefs. But, the public expects accountants to have common beliefs rooted in professional values and ethics. One of my professional beliefs for example, is to hold myself to a higher standard when working with clients. This is what they expect from…
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