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People leak disclosed financial information about the businesses

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17y ago

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What group or organization governs ethical issues in financial accounting?

The Financial Accounting Standards Board (FASB)


How do generally accepted accounting principles present an ethical issue in financial accounting?

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The major reporting standard for management accounts?

The major reporting standard for management accounts the Standards of Ethical Conduct for Practitioners of Management Accounting and Financial Management. The standards outline the ethical standards that accounting practitioners must adhere to.


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The codes and rules that members must follow deal with the following, integrity, objectivity and independence, confidentiality, professional competence, compliance with accounting, auditing and any other stands or guidelines given by the society, upholding the image of profession and the society and public interest.


What is Financial accounting data?

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Discuss the Social and ethical issues in financial reporting?

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Why are ethics so important in the accounting field?

Investors and creditors rely on financial statements when making decisions on allocating capital. If a company has a poor ethical track record when reporting financial results, investors will take their money elsewhere. This can be observed when a company's stock plunges after news of accounting errors or manipulation. Ethical accounting is foundational to an efficient capital market and lowers a firm's cost of capital.


What does the abbreviation IFRIC in accounting mean?

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Is Management accounting starts where financial accounting ends?

Management accounting starts where financial accounting ends