Are accountants and auditors moral agents of corporations and society? Explain.

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Personal and professional ethics in accounting have roles to play in cultivating responsible leadership by management of audit firms The promotion of responsible leadership is seen within audit firms as a way to improve audit quality Auditors are expected to place the public interest ahead of all others and as such they are moral agents of society They are tasked with looking out for the interests of shareholders and other stakeholders above all else not the corporations best interests Ideally the two coincide so there is no dissidence faced by the auditors in striving to achieve their public service ideal Responsible leadership in audit firms is essential to create an ethical environment within the firm It is a critical component of setting the proper tone and encouraging members of the organization to ask probing questions when managements representations are unclear or unsubstantiated Responsible leadership is an integral part of ethical leadership although the latter also entails the ability to reason through ethical dilemmas and resolve conflicts in a morally appropriate way Responsible leaders ...View the full answer

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Albert Kinara

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