Background of Case :
Background of Case Two Accounting Students are having a discussion regarding an accountants role
Ethical Issues :
Ethical Issues Both students represent roles of the accounting profession
Traditional role of preparation and audit of financial statements
Activist role of speaking out regarding the changes to disclosure laws
Professional Examples :
Professional Examples Medical doctors attempt to reform the medical profession by making recommendations regarding medical treatments
Lawyers attempt to reform the judicial system by speaking out about laws that are unjust
Education professionals attempt to reform the education system by making recommendations regarding the ways areas of education are taught
Shouldn’t accountants do the same?
What is an Accountants Role? :
What is an Accountants Role? According to the text, an accountants role is to protect the public interest.
So is the traditional role or the activist role protecting the public interest?
Traditional Role :
Traditional Role Audit Financial Statements for…
Material misstatements
Fraud
Accounting errors
Activist Role :
Activist Role Audit Financial Statements for…
Material misstatements
Fraud
Accounting Errors
Speak out for accounting changes
Lobby for reform to accounting regulations
Conclusion :
Conclusion Traditional or Activist??