Ethics - Research Paper Example

Staubus provides a good discussion on the misstatement of financial data and information and their effects on the companys performance exposure. The article focuses ont he relationships which are being violated by such ethical misconducts in the financial reporting. The paper provides insight on the duties, reponsibilities and expectations of the related parties or stakeholders of the organization. This paper aims to reflect on the past and current events of fraudulent or unethical reporting systems.

The article focuses on the role of ethical behaviors and corporate governance issues and forms an opinion that ethics is an important part in earnings management and overcoming the barriers of fraudulent financial reporting. This article provides the basic discussion on ethics and its role in the accounting field. The article provides the means of ethics, the role of institutions and education in maintaining ethical behavior and the impact of ethical values on society. The aim of IFAC is to provide guidance and set standards for professional accountants.

This paper provides the guidelines of ethical behavior and the standards set for them to follow. The ethical behaviors are, hence, understood by reading these