Ethical conduct is something which is variable in nature as each profession has different ethical standards to follow. Such that I personally feel that the different perspectives must be taken into account while improving the ethical conduct however, it is also critical that the overall goodness of the ethical conduct must also be considered. If ethical conduct is to be organized on institutional level than the role of institutions shall be limited to the actions which are in overall good of the society with less emphasis on gaining institutional control and power.
Further organizational ethics must also avoid social chaos and must show greater respect for the individual. Accounting, as a profession, requires logical and rational thinking which can help us, as professionals, to achieve highest ethical standards. However when ethics come into play, a person who is basically executing the profession in any capacity shall always consider the welfare and well-being of the individuals as well as community and shall not only rely on treating people nicely in order to achieve the overall satisfactory results.
Thus, an accounting policy, according to my perception, is only ethical when it not only demonstrate sound values and ethics while taking into account the fact its benefits shall always outweigh the costs. As such all the public policies shall be prepared by people belonging to different perspectives so that its overall cost is managed. In order to make ethically valid and rational decisions, I believe that human’s ability to reason out is essential for cogent decision making and as an accounting professional, my utmost focus shall be on making decisions based on rationality rather than emotions.
As such, I also expect to have commitment of the individuals as well as responsibility for achieving one’s moral obligations. This is critical for the overall success of a professional that he or she must develop the sense of responsibility which forces him or her to accomplish their moral obligations without creating more fuss. Accounting, as a body of knowledge therefore shall be accessible to all based on the principles of equality so that equal chances must be given to each individual.
Further, as an individual, in-charge of making decisions, one must also keep a touch with the latest cultural trends and an individual’s general ethical conduct shall be based on standards which regulate the behaviors of the individuals in order to achieve comprehensive compliance with all the standards. However, to achieve comprehensive compliance with the standards, it is important that we must ensure diversity as well as integrity of the people involved in the whole process of compliance.
As a person with professional standards in accounting, I believe, in situations which reflect conflict of interests, one must be completely impartial as well as providing solutions which are in the greater benefit of everyone. Pragmatism shall be the sole criteria for deciding the situations where conflict of interest arises. (Madison, 2002) The affirmative action policies shall be based on the equal opportunity and as an ethically guided professional, my conduct shall be based on providing completely impartial and rational solutions which keep intact the stakes of every person.
Wisdom with ability to decide flexibly shall be behind making a professional more ethical in its orientation and accounting needs the same approach in order to prepare it for the new challenges.
1. Madison, R. L. (2002). Is failure to teach ethics the causal factor? Retrieved Feb 18, 2009, from Accountancy: http://www. accountancy. com. pk/articles. asp? id=33