what is suggest Ethical Guidelines to constantly check the system and the parties involved in accounting...

what is suggest Ethical Guidelines to constantly check the system and the parties involved in accounting like employees of accounting department, cash handling department, external auditors, etc. to prevent such frauds in the future.

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An ethical culture is key term of effective internal controls. Every auditor try that internal controls are necessary to ensure compliance with applicable laws and regulations, and to ensure that there is a system of checks and balances to detect inappropriate transactions. Yes, without a culture of ethics and compliance, people will find ways to circumvent internal controls, policies, and procedures.

most people associate with ethical behavior.

So some of are as follows.

Employee.=employees are honest and truthful in all their dealings and they do not deliberately mislead or deceive others by misrepresentations, overstatements, partial truths, selective omissions, or any other means.

Cash handling dept. = In this dept. Must has clear separation of work, and finance is spine of business so this dept. Must be honest and loyal and work with integrity

External auditor.=Ethical auditor are worthy of trust. They are candid and forthcoming in supplying relevant information and correcting fact of financial statement. Auditor should express true and fair view ,

ekkarill92 answered 1 year ago

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