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.
-Some firms have attempted to construct ___________ between their auditing departments and their consulting departments, such that neither knows what the other is doing.

Question

Quizplus · Accepted Answer

"Chinese walls" refer to information barriers within organizations to prevent conflicts of interest, such as between auditing and consulting departments in accounting firms.

Richard T De George | Ethical Issues for Accountants