Why is ethics in accounting practices important?
A) So stakeholders can seek higher return on their investment
B) Accounting methods depend on the veracity of their application.
C) To ensure consistency between firms
D) To allow for uniformity in CPA standards and application
E) To allow multinational firms to understand international investment

Question

Quizplus · Accepted Answer

B)The purpose of ethics in accounting is to maintain public confidence in business institutions, financial markets, and the products and services of the accounting profession.

Why Is Ethics in Accounting Practices Important