Final Test

English for Business Ethics

Accountant Ethics

Arranged by

Ananda Wahyuni

2042820113

D-IV English for Business and Professional Communication

State Polytechnic of Malang

2023
A. Professional Ethics
Professional ethics refers to the principles and standards that guide the
behavior and conduct of individuals in a specific profession. It outlines the values and
responsibilities that professionals should uphold to ensure they act in the best interest
of their clients, colleagues, and the public. Professional ethics provide a framework
for ethical decision-making and set expectations for ethical conduct and integrity
within a particular profession.
The purpose of professional ethics is to protect the interests of clients,
maintain public trust, and ensure that professionals act ethically in their decision-
making, interactions, and responsibilities. By following professional ethics,
professionals demonstrate their commitment to maintaining high standards of
conduct, promoting trust and credibility within their profession, and upholding the
well-being and rights of those they serve.

Professional Ethics for Accountants:

Professional ethics for accountants are principles and standards that guide the behavior
and conduct of accountants.

a. The International Ethics Standards Board for Accountants (IESBA) has established a
Code of Ethics for Professional Accountants, which consists of five fundamental
principles: integrity, objectivity, professional competence and due care,
confidentiality, and professional behavior.

 Integrity: Acting honestly, maintaining professional skepticism, and avoiding

conflicts of interest.
 Objectivity: Remaining impartial and independent when making professional
judgments.
 Professional Competence and Due Care: Developing and maintaining the
necessary knowledge and skills to provide high-quality services and acting
diligently in the performance of professional duties.
 Confidentiality: Safeguarding confidential information obtained during
professional engagements.
 Professional Behavior: Complying with relevant laws and regulations and
promoting ethical conduct within the profession.
b. Integrity involves being straightforward and honest, while objectivity involves
ensuring professional judgments are based on facts, not biases.
c. Professional competence and due care involve providing high-quality services,
maintaining professional knowledge and skill, and diligently performing professional
duties.
d. Confidentiality involves protecting confidential information obtained as a result of
professional engagements.
e. Professional behavior involves adhering to relevant laws and regulations and
refraining from any conduct that would be harmful to the profession.
f. Accounting firms need to ensure their members adhere to the Code of Ethics set by
the IESBA through internal policies and procedures.
g. Adherence to the code is essential to maintain the integrity of the profession, instill
public confidence, and deliver high-quality service to clients.
h. Professional ethics for accountants are necessary to avoid harm to the profession and
maintain the trust of clients, stakeholders, and communities.
B. News About Accountant Ethics Violance

https://www.cnbcindonesia.com/news/20230224150811-4-416810/gayus-sampai-
rafael-nih-daftar-miliarder-pajak-bikin-heboh

The case of Rafael Alun Trisambodo, a former tax official, and his son Mario
Dandy Satriyo has attracted significant public attention. Rafael Alun Trisambodo, a
dismissed tax official, is facing corruption and money laundering charges, while
Mario Dandy Satriyo, his son, has been sentenced to 12 years in prison for aggravated
assault.

Mario Dandy Satriyo was found guilty of planning and executing an assault
that inflicted severe injuries on a teenager named David Ozora. The case gained
widespread public attention due to the lavish lifestyle of the Satriyo family, which was
exposed through social media evidence and witness accounts. The family's
extravagant lifestyle raised questions about the source of their wealth.
 In addition to the assault case, Rafael Alun Trisambodo is also facing trial for
corruption and money laundering charges. The Corruption Eradication Commission
(KPK) revealed suspicions that Rafael had engaged in money laundering activities.
The case against Rafael is now prepared for trial, with all necessary documents
handed over to prosecutors.

The case highlights the importance of transparency and accountability in

public service, as well as the need for robust investigative efforts to uncover
corruption and other illicit activities.

C. Analysis
This case raises concerns because it violates the importance of adhering to
basic ethical principles in accounting, including integrity, objectivity, and accounting
standards. In addition, this case dragged in many people who committed similar
offenses, implying that the accounting ethics profession is not being guarded and
upheld by a few people. Worse, these cases occurred in state institutions that handle
state finances. Violations of these principles can have severe consequences, including
loss of public trust, legal action, and professional sanctions. This case also highlights
the need for robust ethics training and ongoing professional development to ensure
that accounting professionals are equipped to navigate complex ethical situations and
make sound decisions that uphold the integrity of the profession.

D. Suggestions
The following suggestions can be made to address similar issues in the future:
1. Strengthen internal controls and governance: Implement robust internal
controls and governance mechanisms in public institutions to prevent the
misuse of power and resources. This includes regular audits, transparency in
financial transactions, and strict adherence to procurement procedures.
2. Enhance employee training and development: Provide ongoing professional
training and development programs for public servants to help them navigate
complex situations and make sound decisions that uphold the integrity of their
profession.
3. Promote transparency and accountability: Encourage open and transparent
communication within public institutions, and hold employees accountable for
 their actions. This can help prevent the misuse of power and resources, as well
as foster a culture of professionalism and integrity.
4. Implement strict disciplinary measures: Establish clear disciplinary measures
for employees who engage in corrupt or unethical behavior, and ensure that
these measures are consistently enforced. This can serve as a deterrent for
potential wrongdoers and help maintain the integrity of public institutions.
5. Encourage public participation and oversight: Foster a culture of transparency
and accountability by encouraging public participation and oversight in the
decision-making process. This can help identify potential issues early on and
prevent the misuse of power and resources.
6. Support whistleblowers and witnesses: Protect whistleblowers and witnesses
who come forward to report corrupt or unethical behavior, and ensure that
they are treated fairly and with respect. This can help encourage others to
report potential issues and contribute to a more transparent and accountable
work environment.
E. Conclusion
In conclusion, the case of Rafael Alun Trisambodo and his son Mario Dandy
Satriyo highlights the importance of transparency, accountability, and ethical behavior
in public institutions. The case demonstrates the need for robust internal controls and
governance mechanisms to prevent the misuse of power and resources. It also
underscores the significance of ongoing professional training and development
programs for public servants to help them navigate complex ethical situations and
make sound decisions that uphold the integrity of their profession.
Furthermore, the case highlights the importance of public participation and
oversight in the decision-making process. Encouraging open and transparent
communication within public institutions and holding employees accountable for their
actions can help prevent the misuse of power and resources, as well as foster a culture
of professionalism and integrity. Finally, the case shows that engaging in corrupt or
unethical behavior can lead to severe consequences, including loss of public trust,
legal action, and professional sanctions. Therefore, it is crucial to establish clear
disciplinary measures for employees who engage in such behavior and ensure that
these measures are consistently enforced.