Accounting ethics is a field of applied ethics, the study of moral values and judgments that is generally implemented to accountancy. Due to diverse range of accounting services and other financial management issues attention has been drawn to ethical standards that is accepted in the accounting profession.Ethics is required to support the work of the accountants and auditors. The various shareholders and other users rely on the accountant blindly to check their annual investment which they make through out the year. To present the accurate financial statements to the user's accountants follow the different accounting ethics. Therefore understand the importance of it!
Most countries have different accounting ethics however all the countries follow one or the other ethics to avoid ethical dilemmas which not always benefit the organization but definitely value the people who rely on those organizations for their stakes.
Therefore before believing any organization and investing your assets make sure to check on the ethics that the organization is based on.
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To present the ideal financial reports to the user's accountants follow the different accounting principles
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