Accounting Assignment Week 1

13. Is a professional comptroller a burgher pursuing profit or a fiduciary that is to act in the habitual interest? I look at that a professional controller is a fiduciary that is to act in the public interest instead of a business sectorperson pursuing profit. Accountants have schooled for many age and are licensed through the State. As a professional comptroller thither are many rules and regulations that mustiness be understood and followed.Professional accountants are morally and ethically required to work in the silk hat interest of the public. If an accountant is professional and ethical, he or she would not falsify pecuniary statements or tax returns to allow for high profits for the accountants employer, customer, or even themselves. Accountants must guess that proving to be an ethical, professional accountant with great morals will real prove to be profitable.The accountants reputation plays a large mapping in the corporations reputation. 14. why is it of the essence(predicate) for a professional accountant to look the ethical trends discussed in this chapter? It is important for a professional accountant to understand the ethic trends because we need to know the expectations of the public. afterward Enron and other banking issues caused some major changes in the new expectation in the business world.The ethics trends have slowly been changing but after what happened with set everything in place to set higher standards for the ethics. The accountant must understand the consequences of cutting corners and playing unethically. Times are changing and with the change magnitude risk of errors causing problems for the company and its employees on that point is a large concern for accountants to understand the ethical trends.