Improve Public trust in the Accounting Profession. (Essay Sample)
1) What do you believe the accounting profession needs to do now and in the future to maintain and improve public trust in the accounting profession. Be specific.source..
Public Trust in the Accounting Profession
Accounting is a profession that has existed since the birth of civilizations. With the passage of time, new techniques, tools, and tax software have been developed to help accountants fix errors at a fast speed. According to Guy Callender and Darin Matthews, the future of accounting is bright since better programs and software are being developed to ease the work of world’s accountants. As of now, accountants take on a wide range of roles in businesses of all types (Callender & Matthews, 2000, p. 273). The public and private sectors depend on accountants for their audit reports and financial statements. It is not essential for them to use tech-oriented apps or software to carry out their work. However, with the right kind of software, an accountant can perform better, process transactions quickly, and undertake multiple projects at a time without compromising on quality (Callender & Matthews, 2000).
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