This short presentation discusses ethical issues in the finacial environment.

1. ACCOUNTING
ETHICS
RIRANDZU KHANIELE

2. LESSON
OBJECTIVES
Define the term “Ethics” in
accounting.
Explai
n
List principles of ethics.
List
Identify ethical issues applicable
to financial environments.
Identif
y
Know ways to create an ethical
financial environment
Know

3. LET’S GET
STARTED…

4. WHAT ARE ETHICS
IN ACCOUNTING?
A set of rules or standards
that govern conducts
of an individual or
members of a profession
in the field of business.

5. THE
IMPORTANCE
OF ETHICS IN
ACCOUNTING

Ethics in accounting is concerned with how to pursue
great and moral decisions concerning the planning,
presentation, and disclosure of financial data.

They assist bookkeepers to remain persistently
cautious in order to decrease events that could
prompt moral issues.

They help accountants to give fair and precise
detailing of the financial position of a business.

They guide bookkeepers and auditors to display
professional skills and serve the public's interest.

6. PRINCIPLES OF ETHICS IN ACCOUNTING
Integrity Objectivity
Professional
competence
and due care
Confidentialit
y
Professional
behavior

7. ETHICAL
ISSUES IN
ACCOUNTING
Fraudulent financial
reporting
Misappropriation of assets
Falsifying documents
Illegal evasion of tax

8. THE MOST COMMON ETHICAL ISSUES IN
ACCOUNTING
1. Fraud- recording transactions in a manner that is not in accordance with
GAAP or IFRS.
oGAAP- Generally Accepted Accounting Principles
oIFRS- International Financial Reporting Standards
2. Misappropriation of Assets- the use of company assets for any other
purpose than the company's interest.

9. HOW TO CREATE AN ETHICAL
FINANCIAL ENVIRONMENT?
Establish a
code of
conduct
Corporate
governance
regulations
Monitor
quality
control

10. REFERENCES
Alhamad, A., 2012. Ethics in accounting. [online] slideshare. Available at:
https://www.slideshare.net/alhamad11/ethics-in-accounting-15812421?qid=85702bcd-932e-40f2
-9f0b-af41535275d5&v=&b=&from_search=4
[Accessed 19 August 2022].
Arif, M., 2016. Ethics in accounting. [online] slideshare. Available at:
https://www.slideshare.net/MuhammadArif201/ethics-in-accounting-70244851?qid=8b889477-a
46b-471d-84a0-3bf0422040f9&v=&b=&from_search=10
[Accessed 19 August 2022].
Barras, D., 2017. Ethical issues in Accounting. [online] Slideshare. Available at:
https://www.slideshare.net/Dyasha/ethical-issues-in-accounting-72817176 [Accessed 19 August
2022].
Parvez, S., 2012. Ethics in accounting. [online] slideshare. Available at:
https://www.slideshare.net/bicchu/ethics-in-accounting?qid=f21c81d3-f749-4193-b5c5-48b773c
5a00f&v=&b=&from_search=1
[Accessed 19 August 2022].
Slideshare. 2016. BKMSH Accounting Ethics. [online] Available at:
https://www.slideshare.net/MojoFinancial/bkmsh-accounting-ethics-57622614 [Accessed 19
August 2022].
Slideshare. 2015. Ethics in accounting. [online] Available at: