Trust and Ethics

Share on Facebook Share on Twitter Share on Linkedin Email this link
An illustration of a man walking towards a tunnel.

Critical thinking, ethical decision making, transparency, accountability, leadership, and professional judgement are foundations of the accounting profession.

Foresight calls for CPAs to be the stewards of trust in the digital economy. With a strong focus on public interest, CPAs will be called upon to bring ethical leadership into today’s complex world.

Here’s your chance to contribute and advance the Canadian dialogue on trust, ethics and technology. Participate in our Quick Polls and share your ideas with other CPAs in our Forum.

Our online engagement is an inclusive dialogue where you are encouraged to come back, see what's new with the Foresight initiative, and continue to participate in online conversations as they evolve.

Critical thinking, ethical decision making, transparency, accountability, leadership, and professional judgement are foundations of the accounting profession.

Foresight calls for CPAs to be the stewards of trust in the digital economy. With a strong focus on public interest, CPAs will be called upon to bring ethical leadership into today’s complex world.

Here’s your chance to contribute and advance the Canadian dialogue on trust, ethics and technology. Participate in our Quick Polls and share your ideas with other CPAs in our Forum.

Our online engagement is an inclusive dialogue where you are encouraged to come back, see what's new with the Foresight initiative, and continue to participate in online conversations as they evolve.

Discussions: All (6) Open (3)
  • You need to be signed in to add your comment.

    Fake news. Misinformation. Bias. These unfortunate realities create opportunities and challenges for accountants responsible for providing reliable and trustworthy information to their clients. Have you encountered this at your organization? How did you work through it?

    comment
    Reply notification settings
    Submitting your comment
    Cancel
  • Share an ethics-related dilemma created through technological implementation and tell us about the outcome

    by Samah, 4 months ago
    Share on Facebook Share on Twitter Share on Linkedin Email this link

    You need to be signed in to add your comment.

    The metaphor of a double-edged sword is often used in describing technology. One side reflects the myriad of opportunities technology can provide for professional accountants and their organizations. The other side denotes the imminent challenges that need to be safeguarded against. The second of a four-part series, Technology is a double-edged sword: Opportunities and challenges for the accountancy profession, discusses ethical leadership in an era of complexity and digital change in further detail. Read the publication and let us know your input!

    comment
    Reply notification settings
    Submitting your comment
    Cancel
  • Let’s talk about bias

    by Samah, 8 months ago
    Share on Facebook Share on Twitter Share on Linkedin Email this link

    You need to be signed in to add your comment.

    In Ethical Leadership in an Era of Complexity and Digital Change we note that:

    Cuban-French author Anaïs Nin said, “We see things not as they are, but as we are.” As PAs, we are committed to being objective and acting with integrity, but our ability to do so is challenged by unconscious biases such as groupthink and confirmation bias. Biases at an individual level can cloud our judgment and threaten our ability to apply fundamental ethical principles consistent with the profession’s commitment to the public interest.

    Harvard’s Implicit Association Test (IAT) is an interesting tool to help us uncover unconscious biases and examine them more closely. 

    Once you’ve tried one or more of the IATs, tell us what you think. Did you find them useful? What did you learn? 

    comment
    Reply notification settings
    Submitting your comment
    Cancel
  • Help shape the Friedrichs’ new publication, “Technology is a Double-edged Sword”

    by Samah, 12 months ago
    Share on Facebook Share on Twitter Share on Linkedin Email this link
    CLOSED: This discussion has concluded.

    You need to be signed in to add your comment.

    “Technology is a Double-edged Sword” is a publication currently in the works by Brian Friedrich, LLM, MEd, C.Dir, FCPA, FCGA and Laura Friedrich, MSc, CIA, FCPA, FCGA. Your feedback will speak directly to them to drive the publication’s narrative on how ethics can influence decision-making on technological development across businesses. They’ll be analyzing all your answers—make sure to let them know what you have to say! 

    Disruptive technologies raise a broad range of ethics challenges, including:

    • transparency (e.g., trade-offs with confidentiality)
    • explainability (e.g., neural networks with deep learning)
    • accountability (e.g., for decisions made by autonomous systems)
    • human rights protection and values alignment (e.g., equity and fairness, inclusion, collaboration)
    • accuracy, reliability, and effectiveness (e.g., justifying resource allocations)
    • privacy and autonomy with respect to personal data (e.g., data ownership issues)
    • safety and security (e.g., cyberattacks)

    To what extent should CPAs be responsible for promoting ethics within technology development, implementation, and use in our organizations? Does your answer change depending on whether the technology in question is directly or only indirectly related to financial/corporate reporting?

    Replies Closed
  • Where do you see CPAs adding value as ethical leaders?

    by acivichino, about 1 year ago
    Share on Facebook Share on Twitter Share on Linkedin Email this link
    CLOSED: This discussion has concluded.

    You need to be signed in to add your comment.

    How are you involved in helping your organization or clients pursue initiatives in sustainability, climate responsibility, equity, social justice, etc.? Where do you see CPAs adding value in these areas now and in the future?

    Replies Closed
  • How is complexity affecting your role as an ethical leader?

    by acivichino, about 1 year ago
    Share on Facebook Share on Twitter Share on Linkedin Email this link
    CLOSED: This discussion has concluded.

    You need to be signed in to add your comment.

    Complicated problems differ from complex ones in important ways: 

    Complicated Complex
    Might have many moving parts, but interactions are linear and able to be modelled Interactions are dynamic or "emergent" and often hidden
    Outcomes are reasonably predictable Outcomes cannot be accurately predicted
    Systems can be de-constructed Elements are interdependent, and can't be untangled
    Results are reproduceable Applying the same "solution" will generally yield different results 


    Although complicated problems are challenging to solve, once solutions are found, they generally stay solved. Complex problems, on the other hand, are not solvable by applying static algorithms, rules and processes.

    How is complexity in the professional environment impacting the role of CPAs as ethical leaders and trusted advisors? 

    Share your answer with us below!  

    Replies Closed
Page last updated: 18 May 2022, 09:06 AM