An accounting activity may be legal, but still the wrong thing to do.
Ethics refers to the choices of proper conduct made by an individual in his or her relationships with others.
How individuals determine what constitutes ethical behavior can be influenced by their cultural background, religious views, professional training, and their own moral code.
There are rules that must be followed if a manager’s financial records are to be trusted and if the interpretations made about that financial data is to be perceived as honest.