ETHICS IN ACCOUNTING

ETHICS IN ACCOUNTING

AccountingRoles of accounting ProfessionalsTarnished ImageAccounting ScandalsCompanyYearAudit FirmCountryTypeXerox2000KPMGUnited StatesFalsifying financial resultsEnron2001Arthur AndersenUnited StatesHide debt from failed deals and projectsAOL2002Ernst & YoungUnited StatesInflated salesHalliburton2002Arthur AndersenUnited StatesImproper booking of cost overrunsKmart2002PricewaterhouseCoopersUnited StatesMisleading accounting practicesNortel2003Deloitte & ToucheCanadaDistributed ill advised corporateSatyam Computer Services2009PricewaterhouseCoopersIndiaFalsified accountsEthicsEthics for ProfessionalsEthics for AccountantsTroubles in Recent YearRegulatory BodyIFAC Code of Ethics Framework for Code of EthicsThreatsSelf-interest threatSelf-Review ThreatsAdvocacy ThreatFamiliarity ThreatIntimidation ThreatSafeguardsSafeguards created by the profession, legislation or regulationSafeguards within the ClientSafeguards in the work environmentQ & A?Thank You