Ethics and social responsibility are incidental to the primary functions of accounting.

Question

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Ethics and social responsibility are integral components of the primary functions of accounting. As financial information influences decision-making, it is essential to maintain ethical conduct and a sense of social responsibility to ensure accurate and transparent financial reporting. Failure to maintain ethical standards can result in dire consequences for stakeholders and can undermine public trust in the accounting profession. Therefore, it is crucial to consider ethical and social responsibility issues in accounting.

Ethics and Social Responsibility Are Incidental to the Primary Functions