There are many constituents of accounting numbers. How do the various users rely on the accounting numbers and what impact does this reliance have on the profession?

Why is accounting seen as art and craft and how does this lead to professional judgment?

Why and to what extent is an accountant ethically obliged to disclose a true picture?

What are the various roles that accountants can fill and what are potential ethical issues that can occur in the performance of the various roles?

Accounting standards have evolved over time. What has been the driving force behind the changes and how do the changes strengthen the profession of accounting?

Answer rating: 100% (QA)

1 Various users rely on accounting numbers for different purposes Investors use accounting numbers to make investment decisions assess the financial health of a company and evaluate its performance Cr... View the full answer