Obligations of accounting professionals

The writer is president of the Institute of Cost and Management Accountants of PakistanThe writer is president of the Institute of Cost and Management Accountants of Pakistan

The writer is president of the Institute of Cost and Management Accountants of Pakistan

The accounting profession has a vital role and obligation to society and public — in addition to its fiduciary duty to employers and clients. In recent days, however, we see the accounting profession compromising on basic ethical principles. The recent massive leaks of financial documents under the Panama and Paradise Papers have exposed the vulnerability of accountants and auditors in acting as a facilitator of tax-evasion practices instead of being a gatekeeper. This has perturbed the global accounting profession about the need for a more stringent mechanism for ethical compliance of their members and increasing the role towards protecting public

... read more at: https://tribune.com.pk/story/1616251/6-obligations-accounting-professionals/

by