ACCOUNTING ETHICS AND ITS IMPORTANT ROLE FOR REDUCTION OF ACCOUNTING FRAUD: AN EMPIRICAL STUDY IN HANOI

Abstract

As we know that ethic can be defined as many way, but in this part I just want to mention that it is a set of principle of right conduct or set of moral values help by individual or group. By other way, ethic refer to the standard of right or wrong, which prescribe what humans ought to do, usually in term of rights, obligation, benefits to society, fairness. We can see that example of ethic as link to those standards, which impose the reasonable obligation to refrain from stealing, murder, and fraud. With these above mentioned ethics as a sensitive norm that related to business, especially in accounting fields. Nowadays, the code of ethics for professional accountant is providing for all people who work in this field. However, its still have some problem that relate to accounting fraud in the world. We can ask question that how can help us to reduce accounting fraud in business today. It is not easy to have perfect answer of this question. However, in this study we can see that the significant of ethic in accounting fields. And the way that help to reduce accounting fraud in environmental accounting today. In this part, I would like to show that sample of survey on accounting fraud in Hanoi. This survey carried out 100 accountants who are work in accounting fields. In additional, they are separate into two groups. The first group include people who less experience in accounting than other. The second group includes people who have experience and less possibility to break the rule in accounting standard. Moreover, ethic also relate to other factor as suppliers, customer, investor and other relation in business. So to keep the ethical for the accountant, who depend on individual or group of accountant who have responsibilities in this field. To reduce the fraud in accounting field, we need to apply the GAAP (General Accepted Accounting Principal) in the system effectively.