By Michael K. Shaub, Robert L. Braun (auth.), Steven Mintz (eds.)
This quantity explores the possibilities and demanding situations dealing with the accounting occupation in an more and more globalized company and fiscal reporting surroundings. It appears again at earlier reviews of the occupation in trying to meet its public curiosity legal responsibility. It examines the function and tasks of accounting to society together with regulatory necessities, elevated emphasis on company social accountability, accounting fraud and whistle-blowing implications, internationalization of public curiosity tasks, and supplying the schooling had to be profitable. The ebook accommodates a moral size in making those tests. Its concentration is a conceptual, theoretical one drawing on classical philosophy, the sociology of professions, fiscal concept, and the general public curiosity measurement of accountants as execs. The authors of papers are long-time individuals to the once a year symposium on examine in Accounting Ethics backed by way of the general public curiosity part of the AAA.
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Additional resources for Accounting for the Public Interest: Perspectives on Accountability, Professionalism and Role in Society
It’s a delicate balance, and one that requires integrity. (Pickard 2005, 31) An ideal, healthy, functioning tax system relies on tax accountants who build trust in the tax system by fulfilling their public interest responsibility. This responsibility requires practitioners to balance the commercial, self-interested incentives they face with their responsibilities to clients and the tax system. If tax practitioners focus on commercial interests to the exclusion of the public interest, they risk loss of professional status and self-regulation privileges.
For example, KPMG increased fees to reflect the increased risk from dubious tax products (Permanent Subcommittee 2005). The economic benefits provided the primary ad hoc rationale for creating and marketing the tax shelters (Permanent Subcommittee 2005, 57–58). Bratton (2003) identifies two primary legally motivated rationalizations to eliminate the difference between what legally should be done and what is done. Regulatory arbitrage involves “the practice of structuring an inappropriate transaction so it stays within the bounds set by a rule” (Bratton 2003, 1044).
2010. Moral confrontation: An essential companion to moral imagination. Research on Professional Responsibility and Ethics in Accounting 14: 57–78. , and B. Wilkinson. 2014. Professionalizing the tax accounting profession: Fulfilling public-interest reporting responsibilities. In Accounting for the public interest: Perspectives on accountability, professionalism and role in society, ed. S. Mintz. 27–49. Heidelberg: Springer. H. Wildman. 1992. Rethinking professionalism. Emory Law Journal 41: 403–405.