Ethics...Why It Matters To You
Trusting your financial information to a CPA matters. Ethics in accounting practices is as important to the financial industry as stopping at a red light. The elements of financial reports and accounting statements are standardized to ensure everyone plays by the same rules. The criteria required on financial statements (and their underlying transactions) are clear and equal across the board.
In reality, the numbers are only as trustworthy as the experts you authorize to enter, validate, or certify as correct. CPA’s are held to the highest ethical standards in their work. In Virginia, we use the PLUS Ethical Decision Making Model. Policies…Legal…Universal…Self. We ask these questions whenever faced with uncertainty.
- Is it consistent with my organization’s policies, procedures and guidelines?
- Is it acceptable under the applicable laws and regulations?
- Does it conform to the universal principals/values my organization has adopted?
- Does it satisfy my personal definition of right, good and fair?
Even though you don’t have to be a CPA to be honest or ethical, why take the chance? CPAs, as a profession, are distinguished by rigorous educational requirements, high professional standards, a strict code of professional ethics, a licensing status and a commitment to serving the public interest.
Give us a call today if you have any questions.