All of the following are true regarding ethics except: Multiple Choice Ethics are beliefs that distinguish right from wrong. Ethics rules are often set for CPAs. Ethics do not affect the operations or outcome of a company. Are critical in accounting. Ethics can be difficult to apply.

Question

Business

Molly Little

7 April, 04:09

All of the following are true regarding ethics except: Multiple Choice Ethics are beliefs that distinguish right from wrong. Ethics rules are often set for CPAs. Ethics do not affect the operations or outcome of a company. Are critical in accounting. Ethics can be difficult to apply.

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Answers (1)

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Billy Booker · Answer 1

Ethics do not affect the operations or outcome of a company.

Explanation:

The statement above is wrong. Ethics do affect the operations or outcome for a company. A lack of ethics can even bring down a company.

For example, unethical accountants in a company could report the wrong financial statements. Financial statements are like the diagnosis for a company, if they are wrong, wrong decisions will be taken, and those wrong decisions could bring down the company.