Ethical Issues in Accounting: A Comprehensive Review and Analysis

Abstract

Ethical conduct in accounting is paramount for maintaining trust and credibility in financial reporting. This research paper comprehensively reviews and analyses ethical issues in accounting, exploring theoretical frameworks, historical perspectives, case studies, and practical strategies for ethical decision-making. It examines the regulatory framework and professional standards governing accounting ethics, highlighting their impact on practice. Case studies such as the Enron scandal, Satyam Computer Services fraud, and Lehman Brothers collapse provide insights into real-world ethical dilemmas and their consequences. The paper also discusses the role of technology in shaping ethical practices, emphasizing the importance of transparency, data security, and professional judgment. Furthermore, it delves into the significance of ethical leadership and organizational culture in mitigating ethical risks within accounting firms and corporations. By synthesizing qualitative and quantitative data from diverse sources, this paper offers valuable insights for accounting professionals, educators, regulators, and policymakers in fostering a culture of integrity and professionalism within the accounting profession.