INDIVIDUAL ASSIGNMENT BP49303 GLOBAL BUSINESS AND ACCOUNTANT SEMESTER 1, 2021/2022 SESSION

INDIVIDUAL ASSIGNMENT BP49303 GLOBAL BUSINESS AND ACCOUNTANT SEMESTER 1, 2021/2022 SESSION.

THE ISSUE : Impact of digital technology on integrity and ethics in preparing and reporting financial information for the international companies..

INTRODUCTION. Advancing new technologies significantly impact every aspect of the professional accountant’s work especially in preparing and reporting financial information for the international companies. Ethics in accounting are concerned with how to make good and moral choices in regard to the preparation, presentation and disclosure of financial information.

Impact of digital technology on integrity and ethics in preparing and reporting financial information for the international companies. The abdication of ethical responsibility for the consequences of decisions Artificial intelligence be developed with greater transparency Accountants moral intensity to increase Reduce the unjust power of accountants to pursue self-interest and engage in pernicious accounting practices.

1. The abdication of ethical responsibility for the consequences of decisions.

The ability of AI to uphold the accounting ethical standards avoid several intentional and unintentional fraud activities help activate ethical standards and minimize the risk of aggressive accounting important for organizations where the ethical norms are weak, or accountants are more inclined to adopt aggressive accounting.

3.Accountants moral intensity to increase. emerging technologies will intervene to activate an ethical standard that will create moral awareness. situation is morally intense, accountants may not necessarily choose to act ethically.

4. reduce the unjust power of accountants to pursue self-interest and engage in pernicious accounting practices.

CONCLUSION. technology by itself helps accountants uphold some ethical standards while compromising others the combinative effect of the technologies helps create rule-based ethical standards that minimize the risks of aggressive reporting The encoding of social contracts that promote equity fairness will ensure that the standards abide by the rule of the land while maintaining human dignity..