Information ethics, as is prominent, has arrived as a liberated area of ethical and philosophical inquiry. There are few number of academic journals that are devoted fully to the numerous ethical issues that emerge relating with the new information communication technologies such as the issues include information privacy, safety issues of concern to librarians , a host of intellectual property, and other information professionals. Furthermore, there are also a number of yearly dominant international conferences committed to information ethics. It would barely be hyperbolic the thing to make declaration that information ethics is as “hot” a field of theoretical inquiry as medical ethics.The objective of this paper was to analyze the issues of information quality and to determine the best criteria of information quality in financial institutions. The implications of bad quality information will also be described in order to know how it will cause critical financial problem for industries.
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