Ethics is important in both accounting and business. If you plan to obtain your CPA license, you will have to pass an ethics test and complete 80 hours of continuing education every two years. The 80 hours of continuing education must include 4 hours of ethics classes.
Please post why do you think ethics is so important in accounting and business in general? Have you read about or experienced any situations where a businessperson (or coworker) was not acting ethically? Here is a link to a local partner at a Big 4 Accounting firm who got himself into trouble for not acting ethically (He was breaking the law!).