Role of Ethics in Accounting and Business (Part 1 of 2)

The objective of accounting is to provide relevant, timely information for user decision making. Accountant must behave in an ethical manner so that the information they provide users will be trustworthy and, thus, useful for decision making.

Managers and employees must also behave in an ethical manner in managing and operating a business. Otherwise, no one will be willing to invest in or loan money to the business. 

Ethics are moral principles that guide the conduct of individuals. Unfortunately, business managers and accountants sometimes behave in an unethical manner.