Accountants and their duties
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4. When should an accountant place his or her duty to the public ahead of his or her duty to a client or employer?
5. Which would you choose as the key idea for ethical behavior in the accounting profession: "Protect the public interest" or "Protect the credibility of the profession." Why?
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Solution Summary
4. When should an accountant place his or her duty to the public ahead of his or her duty to a client or employer?
5. Which would you choose as the key idea for ethical behavior in the accounting profession: "Protect the public interest" or "Protect the credibility of the profession." Why?
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An accountant should place his duty to the public ahead of his duty to his client when the practices go against the ethical responsibilities of the accounting profession. All professions have ethical rules including law, medicine and accounting. In all of these professions, model rules of ethics are present and ...
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