Sample Essay on:
Ethics In Auditing

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Essay / Research Paper Abstract

A 7 page paper discussing ethical issues surrounding the operation of auditors when they are truly independent of their clients and some of the problems that can arise when they are not. Every organization wants to present the most advantageous picture of itself possible, and there are legitimate ways to accomplish that. The outside auditor can help, but it appears that not only does he need to concern himself with his own code of ethics, he also needs to be vigilant for the ethics of others with whom he might be associated. Bibliography lists 7 sources.

Page Count:

7 pages (~225 words per page)

File: D0_Audieth.doc

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Unformatted sample text from the term paper:

the client company has balanced its checkbook correctly, though on a much grander scale. There are advantages to using outside auditors in that those outside will take a different approach than that taken in producing the financial records, increasing the chances of discovering anything out of the ordinary before any outside the organization has opportunity to discover misstatements or errors. It also enhances the organizations credibility with the business community and prevents the necessity of carrying auditing personnel during times their services are not specifically required. There is a raft of narrowly targeted ethical requirements regarding the practice of outside auditors. The very nature of their work is that they are exposed to the most intimate details of corporate finance. In their capacity of being outside the organization, they are privy to financial records of more than only one business. Stated ethics requirements prohibit external auditors from using any financial information gained through the course of their work either for their own financial gain or for that of others. As example, an auditor discovering that one organization is planning a product launch cannot share that information with a competitor or anyone else. In like manner, an auditor discovering that his client organization is planning a stock split that has not yet been announced cannot ethically purchase stock in that company once he has that knowledge. Neither can he pass the information along to someone else so that they can unfairly profit from information gained in the course of the performance of the auditors duties. Business ethics have greater exposure in accounting than perhaps any other profession. Because of its very nature and the types of information with which the accountant works, he is privy to detailed financial information that, if known to ...

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