Why Are Ethics Crucial to Accounting

Multiple Choice

Why are ethics crucial to accounting?

A) Ethical behavior creates the most profit for the business.
B) Ethics are a tool which help the accountants balance the accounting equation.
C) For accounting information to be useful, it must be trusted and therefore the result of ethical decisions.
D) Ethics are important to consider when applying GAAP but do not apply to international accounting issues.
E) Ethics are a way to compute revenues and expenses, but they do not apply to assets, liabilities, and owners' equity.