In accounting, ethics means how to make a good and moral choice regarding the important financial decisions. The ethical dilemmas faced by the accountants include conflicts of interest. It arises when at the time of making business assumptions and estimates the important financial decisions are to be taken in such a manner that it primarily fulfils one’s self-interest. To Indicate: The importance of ethical behaviour of public accountant for the society

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Chapter 1, Problem 71C

To determine

Concept Introduction:

In accounting, ethics means how to make a good and moral choice regarding the important financial decisions. The ethical dilemmas faced by the accountants include conflicts of interest. It arises when at the time of making business assumptions and estimates the important financial decisions are to be taken in such a manner that it primarily fulfils one’s self-interest.

To Indicate:

The importance of ethical behaviour of public accountant for the society

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