When dealing with issues such as professional ethics, the stakescan be high. This is why such care is taken to painstakinglyclarify terms such as integrity and independence in the AICPAProfessional Code of Conduct, as they could otherwise be open tointerpretation. In this weekâs discussion, you will findillustrative examples of these key principles to share and discusswith your peers.
First, review the terms and definitions identified in theâPrinciples of Professional Conductâ section of the preamble to theAICPA Professional Code of Conduct. Select one of the principles(e.g., responsibilities, public interest, integrity, objectivityand independence, due care, or scope and nature of services) andresearch a current event that demonstrates that principle beingthreatened or otherwise not adhered to. (This does not need to be acase strictly about accountingâit could be any relevant businessscenario. If you have trouble finding a current event, you cancreate a hypothetical scenario
When dealing with issues such as professional ethics, the stakescan be high. This is why such care is taken to painstakinglyclarify terms such as integrity and independence in the AICPAProfessional Code of Conduct, as they could otherwise be open tointerpretation. In this weekâs discussion, you will findillustrative examples of these key principles to share and discusswith your peers.
First, review the terms and definitions identified in theâPrinciples of Professional Conductâ section of the preamble to theAICPA Professional Code of Conduct. Select one of the principles(e.g., responsibilities, public interest, integrity, objectivityand independence, due care, or scope and nature of services) andresearch a current event that demonstrates that principle beingthreatened or otherwise not adhered to. (This does not need to be acase strictly about accountingâit could be any relevant businessscenario. If you have trouble finding a current event, you cancreate a hypothetical scenario
