WINDOW DRESSING AND ITS ETHICAL CONCERNS

'Window dressing' is the act of manipulating the financial statements of an entity so as to show a better financial position and performance than their actual existence. It is a form of creative accounting and while the financial statements may have been prepared in accordance with proper accounting standards, there is bias in the way the figures are presented.

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DOES COMPLYING WITH RULES MEAN BEING ETHICAL?

Rules are a very important element of ethics. Usually this means focusing upon the rules contained in the accounting profession’s code of professional conduct and references to legislation and corporate codes of conduct. They are an efficient means by which the accounting profession can communicate its expectations as to what behaviour is expected.

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