Hearing the words Stage 2 Accounting Studies 2009 Hearing the words: Stage 2 Accounting Studies These are words you will hear your teacher use in relation to the topic Technological, social, ethical issues. They are in Chapter 15 of your textbook. accurate Accurate data input is essential. timely Information produced by an accounting system must be timely. Information should be produced as quickly and economically as possible. A computerised accounting system produces error-free calculations. The computer can perform all postage automatically. economically error reduction automatically response time fraud A computerised accounting system can improve response time to various queries. Computer systems must have security to avoid fraud. viruses Viruses can infect computer systems. hackers Hackers can gain access to confidential computer files. confidentiality Confidentiality of personal financial information is essential. competency tax evasion Competency of accountants includes keeping up to date with regulations. Customers depend on the reliability and competency of their accountants. Customers often ask accountants to help with tax evasion. manipulation Manipulation of figures for the customer is unethical. bribery Bribery is sometimes used to manipulate accountants. blackmail Customers may try to blackmail accountants to use unethical practices. Presentation of financial information to distort its accuracy is unethical. Accountants must declare any conflict of interest. reliability distort conflict of interest accountable responsibility Accountants are accountable to their professional organisations. It is the responsibility of accountants to maintain ethical standards.