As the head of the ethics committee in a global accounting firm, you are responsible for ensuring ethical behavior and compliance with professional standards within your organization. In your response, provide a detailed examination of accounting ethics and address the following: Define and elaborate on the concept of accounting ettics. Explain its significance in the aocounting profession and the broader business world. Discuss the primary objectives and principles that underpin ethical behavior for accountants. Describe the role of accounting standards and regulatory bodies in promoting ethical conduct within the accounting profession. How do frameworks like Generaly Accepted Accounting Principles (GAAP) and the International Financial Reporting Standards (IFPS) contribute to ethical accounting practices? Discuss the ethical dilemmas and challenges that accountants may encounter in their professional roles. Provide examples of common ethical dilemmas such as revenue recognition, expense reporting, and valuation of assets, and explain how ethical decisions can impact financial statements and business reputation. Explore the ethical obligations of accountants in maintaining independence, objectivity, and professional skepticism. How do these principles help ensure the integrity of financial reporting and prevent conflicts of interest? Explain the importance of confidentiality and client privilege in accounting. How do these principles protect sensitive financial information and maintain trust between accountants and their clients? Discuss the concept of whistleblowing in the accounting profession. Under what circumstances should accountants consider reporting unethical behavior within their organizations, and what protections or risks might they face when doing so? Address the ethical considerations surrounding the use of technology and data security in accounting. How do accountants maintain the security and privacy of fnancial data, especially in the age of digital transformation? Describe the concept of corporate social responsibity (CSR) and sustainability reporting in accounting. How does the consideration of environmental, social, and governance (ESG) factors contribute to ethical accounting practices, and what benefits does it offer to stakeholders? Explore the role of the ethics committee in your accounting firm and its responsibitities in promoting ethical behavior, conducting investigations, and resolving ethical conflicts. Discuss the consequences of unethical behavior in the accounting profession, including potentiallegal and professional ramifications. How does unethical behavior undermine trust, both within the organization and with external stakeholders