ACCT 107 Lecture Notes - Lecture 17: Professional Development, Professional Ethics, Organizational Culture
21 Oct 2020
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Practice inspections done by provincial cpa organizations to ensure adherence to professional standards in the cpa canada handbook. Beneficial both to profession (higher quality audits) and practitioner (improved firm practices) Ethics can be broadly defined as a set of moral principles or values. Professional ethics are the morally permissible standards of conduct that apply to the members of a particular profession. Given their position of trust, professionals are expected to conduct themselves at a higher level than most other members of society. For public accountants, the overriding responsibility is the protection of the public interest. 5 fundamental principles that guide the ethical behaviours of public accountants (pas) are: According to the cpa code of professional conduct, these ethical principles are aimed first and foremost at serving the public interest and, second, at achieving orderly and courteous conduct within the profession.
