Practicing the ethics of the accounting profession, its principles and standards in one of the basic and important matters for the success of financial companies. If the companies do not apply theses principles, they may end up entering the world to fraud and deception and from it to the collapse of the company ..

Based on the above explain the importance of applying ethics of the accounting and its standards supported by real life examples on at least two companies that didnt adher to the ethics and how their failure to comply had led to financial losses and collapses..