Identify a current business issue Research Paper

Identify a current product line issue - Research news report ExampleThis has caused businesses to take a step back and consider ethics seriously. Companies rely on auditors and accountants for their pecuniary processes. For this reason, a strict code of ethics should be followed by accounting professionals. Even though it is frequent to reign un estimable behavior in accounting professions, ethics in accounting is vital because it is grand to discipline a correct and clear financial image of a business, to instill confidence and aver with stakeholders and the human race and to prevent fraud, embezzlement or financial scandals. Ethics are the backbone of any business and it is vital that ethics are implemented within the accounting and book belongings ashess of an organization (Axline, 1990). Like new(prenominal) operating bodies involved in business activities, Accountants also pauperism to revolve around on ethics enclothe by the company in order to solve the problems and complexity that they will encounter. For example, the capital markets need to focus on the broken up profits that may attract an organizations management administration to bend or even break accounting rules to inflate reported net income. In these situations, skillful competence is not enough to resolve the dilemma (Hoffman, 1996). Qualitative Research The chosen method of qualitative research for conducting research on Ethics in Accounting is literature review, which facilitates the researcher to read and crush the collected data from various sources and incorporate it in his research. Hypothesis Even though it is common to find unethical behavior in accounting professions, ethics in accounting is vital because it is important to ensure a correct and clear financial image of a business, to instill confidence and trust with stakeholders and the public and to prevent fraud, embezzlement or financial scandals. Literature Review Ethics are said to be an intangible asset of any organization and a key to success as it a system which is led by the moral and fair systems helps distinguishing the wrong or right. Problems in ethical system are, infect, a situation faced by a group of persons or by an individual, and to solve these ethical problem, they need to get complete information (Role of Ethics in Accounting, 2011). According to Axline (1990) in his diary about accounting, ethics are the backbone of an organization and play a vital role in the development of the organization. As the importance of ethics is increasing, organizations are becoming more conscious about the ethical system in their book keeping and accountancy. Ethical environment in the accountancy and book keeping is now subject to scrutiny and criticism from the media, regulators, and public interest groups (Axline, 1990). Although accounting is a very encouraging record of a business and it is a most valuable sort of knowledge, people who are flat or indirectly related to the firm believ es that the accounting records should be same like a smooth science and it should be strong enough to solve some problems of the firm. Similar to the medical and legal professions, conjunction is also obligate to give grants to the public accountants some extra and especial rights which help them improving their surgical process and handle certain activities with more proficiency as they are suppose to get something good in return (Mautz, 1988). Professional practitioners are always on the higher expectations of the public and they are