Ethics in Business and Accounting in Vietnam Essay -- global business,

1.IntroductionCurrently, in the complex global course environment, economic performance alone no longer guarantees business success. single of the integral driving factors for this success is the transparency and integrity of the management system. In many countries, on that point is enormous number of leading corporations coordinating honourable management into business practices to stay in tune with wider societal values.However, there still exist corporations where profit triumphs all other considerations. In Vietnam, with lax management mechanism and legal loopholes, many monstrous corporate scandals relating to wrong behaviors have been revealed. These corporate scandals extensively hurt public confidence in financial reporting and question the morality of businessman in familiar and accountants in particular.Confronting with these burning issues, our report aims to provide comprehensive picture rough the importance of ethics in business and accounting. Firstly, we will focus on the various perspectives of ethics and how ethics affects enterprise and accountants. Secondly, we present some real-world examples associating with the wrong business practices, which cause irreparable damages for Vietnam economy. Lastly, lessons and recommendations for corporate governance and plead administration are raised.2.The importance of ethics in business and accounting.2.1. description of ethicsEthics is a system of moral principles, with respect to the honesty and wrongness of certain actions and the ends of those actions.2.2.The significance of ethics in businessIn modern world, business has experienced the essential role of ethics in many perspectives. Generally, the primary role of ethics is to keep a familiarity and its ... ...ccessed on November 18th, 2013)Phan Cong 2006, Vu PMU 18 gay thiet hai it nhat 37 ti dong. uncommitted at universal resource locator http//www.tienphong.vn/xa-hoi/46365/Vu-PMU18-gay-thiet-hai-it-nhat-37-ty-dong.html (Accessed on November 18th, 2013)Wikipedia 2013, Tong cong ty Hang Hai Viet Nam. Available at uniform resource locator http//vi.wikipedia.org/wiki/T%E1%BB%95ng_C%C3%B4ng_ty_H%C3%A0ng_h%E1%BA%A3i_Vi%E1%BB%87t_Nam (Accessed on November 18th, 2013)Wikipedia 2013,Vu an PMU 18. Available at universal resource locator http//vi.wikipedia.org/wiki/V%E1%BB%A5_PMU_18 (Accessed on November 18th, 2013)Wikipedia 2013, Duong Chi Dung. Available at URL http//vi.wikipedia.org/wiki/D%C6%B0%C6%A1ng_Ch%C3%AD_D%C5%A9ng (Accessed on November 18th, 2013)Wikipedia 2013, Tham nhung tai Viet Nam. Available at URL http//vi.wikipedia.org/wiki/Tham_nh%C5%A9ng_t%E1%BA%A1i_Vi%E1%BB%87t_Nam (Accessed on November 18th, 2011)