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The National Association of Accountants

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The National Association of Accountants, initially called The Institute of Management Accountants was formed with the sole purpose of pushing job ethics. NAA is an association of specialists in the area of accounting and finance worldwide conceptualized in 1919 in Buffalo, New York. It has more than 85,000 members spread in around 140 countries with over 300 student chapters and professionals (Davis &Elizabeth 24). It focuses on three main purposes: the job, skill strengthening, effective approaches to managing enterprises, and above all create and maintain universal high standards of ethical behavior through its Statement of Management Accounting.
Responsibility, fairness, honesty, and objectivity are the principles governing NAA. Members are obligated to stick to the principles and extrapolate the adherence practice to people within their reach. From all perspectives, the principles opt to enhance positive relations between workers, a junior worker to his departmental manager up to the chief executive officer. It is also evident that the policy strives to illuminate the proper image of the organization to the outsiders from where the company draws customers from. The customers will feel reassured by the open display of the highest level of responsibility emanating from the organization. Third party groups, besides, will be more than willing to step in and do business with any company which is renowned for their culture of honesty and responsibility. Maintenance of fairness, responsibility, honesty, and objectivity as the tenets of IMA statement of moral, professional ethics will leverage on any potential internal or external challenge posed to a company. For the same reason, any business draws more benefit in applying the statement of management accounting.
The IMA statement of professional ethics, besides, has standard measures that an accountant, financial manager or any other individual has to adhere to failure to which appropriate disciplinary action is imposed (Verschoor 10). A person is expected to be as per the knowledge requirement through continuous on and off the job training to adopt new skills and enhance competence in general. A highly trained individual will perform their duties within the shortest time possible. The unit produced will be relatively standardized as they will exhaust all their expertise. The overall effect is repeat sales and high customer loyalty. Integrity is another standard gold measurement which helps members portray the highest level of professional ethics that praises not only the organization they are attached to but also builds the profession. Credibility is the last set standard that outlines how an individual accountant is expected to function before, during, and after an emergency. The credibility prevents ethics’ innocent violation. Establishing a particular work culture and code of conduct in one's organization will provide insights into things which the employees may not have known as existing and in the long run prevent inadvertent missteps that are potential pitfalls.
However, IMA statements of professional ethics have a weakness. There does not exist any course of action that guides an individual member in the face of unethical behavior. Integrity, for instance, is individually based from which it can spread across. For it to spread, an organization has to withstand losing most of its workers, some of which can be highly experienced, which at times stretches the capacity of the organization to undertake such an act. One of the leading causes of action is enforcement of standard rules without any compromise to enforce behavior and positive work ethics. Talk of implementation, the government should not act at the organization level, but foster good work ethics from the lowest learning level to graduate levels that in the long run will be practiced in day to day work practice in the private and public sectors through curriculum adjustments.

Works Cited
Davis, Charles E. and Davis,Elizabeth. Managerial Accounting. Hoboken, N.J: John Wiley & Sons, 2012.
Verschoor, Curtis C. "Are we experiencing an Ethics bubble? Results of the sixth National Business Ethics Survey suggest that fewer instances of ethical misconduct are being observed, a higher percentage is being reported, and more employees perceive that the ethical culture within their company is strong." Strategic Finance 91.7 (2010): 10-13.

July 24, 2021




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