Richard T. De George | Ethical Issues for Accountants
In this reading, De George looks at the inherent conflicts of interest built into the US system in which accounting firms work for and are paid by the companies that hire them. Because of the rule of confidentiality, accountants may find themselves caught between loyalty to their clients and ethical obligations to the public at large. De George suggests a tightening of the guidelines for accountants presented in their professional codes.
-Professional accounting rules require independence of the firm or accountant from the client to ___________ conflicts of interest.

Question

Quizplus · Accepted Answer

Professional accounting rules require independence to avoid conflicts of interest, ensuring that accountants remain unbiased and objective in their work.

Richard T De George | Ethical Issues for Accountants