Code of Professional Conduct
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The Code of Professional Conduct is very important for the auditing profession. The AICPA, State Boards, and other professional organizations spend a great deal of time and effort implementing, and reinforcing the ethical standards, and penalizing those who violate the ethical standards.
I need help with answering the following questions:
A. Why is the Code of Conduct important to the profession?
B. Many professionals believe that in today's business environment it is more difficult to adhere to the Code of Professional Conduct. Why might this be true?
C. What are some of the factors that are in place that influence the ethical conduct of audit practitioners?
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Solution Summary
The code of professional conducts are examined.
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A. Why is the Code of Conduct important to the profession?
A code of conduct is important for any profession because the code of conduct provides an outline or overall picture to what is expected of the professional working in any field. As for the auditing profession, the AICPA and State Boards rely heavily on the code of conduct because over the years, well-known business and accounting firms have been fined or went bankrupt due to unethical accounting practices. In the world of finance and accounting, stockholders and other types of investors ...
Education
- Doctorate of Management in Organizational Leadership, University of Phoenix - Online
- MBA, Webster Univeristy
- Dual BS Degrees, University of South Carolina
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