Redwood City, Calif. (Jan. 26, 2004) -- While the majority of people polled expect accountants to catch unethical corporate financial behavior, most of them don’t think firms would tattle on clients who break the law, according to a survey by professional liability insurance provider Camico Mutual Insurance Co.
When asked if they thought that a professional accounting firm would look the other way if a client violated the law in order to maintain its relationship with the client, 62 percent of 600 people polled said “Yes.” When asked if accountants have become less ethical, more ethical, or stayed the same in the past five years, 49 said there'd been no change, while 38 percent said less ethical, and 13 percent said more ethical.
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