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PRESENTED BY:

SEAH SHIN HUA


CHYE SIEW YING
YEO ZI HUI
No Government Intervention

Powerful People Remain Powerful

Allows Economics Interest
Dominate Ethics

Deregulation
Principal-Agent Theorist - all human
behaviour is rooted in self-interest

Managers To Choose Accounting Procedures
And Accruals To Increase Their Present Value
Of Their Awards

Accountant part of the management they
will pursue their interest as well

Self-Interest Threat






DILEMMA 1:
OBJECTIVITY
professional accountant
should not allow bias,
conflict of interest or
undue influence of others
to override their
professional judgements
accountants should comply
with relevant laws and
regulations and avoid any
actions that may lead to
discredits the profession
DILEMMA 2:
PRFESSIONAL
BEHAVIOUR
there is no right solution, as each of the alternatives
is considered to produce an undesirable outcome
-Boyce 2008,p268
MAKEOVER NUMBERS

FRAUDULENT

UNABLE TO PERSUADE FINANCIALLY
REALISTIC

INTIMIDATION THREAT



Produce misleading accounting
a) Losing job
b) Difficulties of livelihood for family
c) Economic context
JOB or FAMILY??
Question of suitability
Professional accounting standards for
public sectors

remodel and reform their operation
according to market concepts of competition
and efficiency
- Barton 2005, p141

Integration of ethics to the business
and organizational activities

CSR company vs. CSR

Serving the Public Interest

Codes of Ethics only guide one behavior

Ethics Training

Ethical Decision Making