BU547 Lecture Notes - Lecture 16: Financial Statement
Document Summary
Monitoring the level of performance of the profession"s members. Unlike other professionals, accountants are providing a service to unknown parties (users of the financial statements) and they must ensure that these parties have confidence in an accountant"s integrity and conduct. To read an extensive and detailed code of professional conduct, go to the website for one of the professional accounting organizations. The textbook refers to the rules of conduct for cga association of canada and the cpa ontario. On the cga (canada) site, click standards in the left-hand menu; this will bring you to the professional and practice standards. On the cpa ontario site, enter "member"s handbook" in the search field and select the first result. There are differences in the codes between provinces, but all professional accounting organizations have developed codes of professional conduct that are based on certain principles. The most important of these principles are summarized in the following paragraphs.
