Scribd
Upload
116 views

Conclusion

This document discusses recommendations to address ethical issues in accounting. It recommends that governments implement effective ethics standards and regulations through bodies like the Malaysian Accounting Standards Board. It also recommends that companies involve non-governmental organizations to provide solutions and that they practice good accounting. The document notes that the Malaysian Code of Corporate Governance provides eight principles to guide companies, including establishing clear roles and regularly reviewing ethical codes of conduct. It concludes by recommending analyzing fraud statistics over time to evaluate the impact of regulations and potential need for upgrades.

Uploaded by

iskandar027
Copyright
© © All Rights Reserved
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
116 views

Conclusion

This document discusses recommendations to address ethical issues in accounting. It recommends that governments implement effective ethics standards and regulations through bodies like the Malaysian Accounting Standards Board. It also recommends that companies involve non-governmental organizations to provide solutions and that they practice good accounting. The document notes that the Malaysian Code of Corporate Governance provides eight principles to guide companies, including establishing clear roles and regularly reviewing ethical codes of conduct. It concludes by recommending analyzing fraud statistics over time to evaluate the impact of regulations and potential need for upgrades.

Uploaded by

iskandar027
Copyright
© © All Rights Reserved
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
You are on page 1/ 3

Conclusion

Make conclusion for all content had been discussed.


To see whether problem had find solution base arrears are discussed

Recommendation for future action and speculation on future trend.


How to reduce ethical problem:

Government solution

Involved by government in make rule and regulation.


implementing effective ethics standards (code of conduct)/ MASB role

NGO solution in company

Practices of good accounting


Involved NGO to give opinion or solution

MCCG 2012 rec 1.3

8 principle had been underline by MCCG 2012 to give guideline to company in governs it.
Principle 1 Establish clear roles and responsibilities
The board should formalise ethical standards through a code of conduct and
ensure its compliance.
A key role of the board is to establish a corporate culture which engenders
ethical conduct that permeates throughout the company. The board needs to
formalise and commit to ethical values through a code of conduct and ensure
the implementation of appropriate internal systems to support, promote and
ensure its compliance. The code of conduct should include appropriate
communication and feedback channels which facilitate whistleblowing. The
board should periodically review the code of conduct. A summary of the code
of conduct should be made available on the corporate website.

Regulation effective:
Statistic of fraud compared by year to see whether decreased/increased.
Regulation made have positive impact or not
regulation need to upgrade inline with accounting practices

Base on that, solution for ethical accounting field will reduce and
give positive impact.

You might also like