The Importance of Business Ethics in Accounting In Building Trust and Financial Integrity

Business ethics are the moral aspects, or ethical rules and principles that govern the behavior of individuals and organizations involved in the business environment. Which in the long run will determine the reputation of the organization, in a sustainable manner and it includes introducing the uniqueness of honesty, transparency, equality and opportunity. Accounting is the measurement, processing and communication of financial information about the economic entity. Meaning recording of transactions, preparation of financial statements, analyzing data required to support decision-making (transparency and accountability) Not only are business ethics and accounting interconnected, but ethical accounting practices help in establishing trust and hence the credibility of financial statements to secure the brand name in the long run. Business ethics are the moral standards that guide how a company should behave to gain trust, and accounting is the process of performing financial activities.