If the world were perfect, then every system would work perfectly. Then there would not be need to put the systems under the manifold controls. Yet, controls are not always ultimate protection. In the field of accountancy, we find that there are so many Accounting Standards. Despite of this we find that frauds keep happening. [...]
Archive of posts tagged Ethics
Professional Ethics for Chartered Accountants
A profession brings with it a special reponsibility. This is because, a ‘profession’ is characterised by application of special knowledge, alongwith certain reponsibilities. A profession is opposed from business, because when we speak of a ‘profession’, it means that firstly, there is absence of profit motive; and secondly there is absence of competition. In case [...]
