high level of ethical conduct that must go above and beyond society’s law. The motivation behind such a high level of ethical conduct lies in the need for a significant level of public confidence in the value of the services that are provided by the accounting profession, in spite of the person who is behind providing the services. It is my responsibility as a CPA to conduct myself in a manner that has been set forth by the AICPA’s Professional Code of Conduct. This code of conduct outline’s required
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/ False Questions 1. The Internal Revenue Code authorizes deductions for trade or business activities if the expenditure is "ordinary and necessary". True False 2. Business activities are distinguished from other activities in that business activities are motivated by the pursuit of profits. True False 3. The phase "ordinary and necessary" has been defined to mean that an expense must be essential and indispensable to the conduct of a business. True False 4. Reasonable
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Case 1-2 Giles and Regas 4/21/2015 1.Facts Ed Giles, 35 year old CPA and a partner at Saduga & Micha accounting firm Susan Regas, 25 year old senior accountant in the same firm Giles and Regas been dating for four months They well know firm policy does not permit different ranks to date Most of the staff seem to know about their relationship Regas was assigned to audit CAA industry under Giles supervision Giles and Regas spending personal time during
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P.A could benefit or harm other persons/society. I realize that as a professional working for the public I need to use due care in working as a C.P.A. As a member of the AICPA I’m obligated to follow the Code of Ethics designed for members to follow when working in the profession. It is in my own self-interest to follow the code of ethics, as if I don’t I might have to bear the consequences, for example suspension of my license. As a C.P.A professional it is in my own self-interest to follow the
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information system's components: Data or information is input, processed, and output as information for planning, decision-making, and control purposes. 4. What are effective coding systems used in AIS? 1) mnemonic codes, (2) sequence codes, (3) block codes, and (4) group codes. 5. How do accounting information software packages differ? Owners will have to consider what tasks they'll want their system to accomplish, identify what software package or packages can perform these tasks, and perhaps
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1. CASE SUMMARY Androids is an audit firm which provides audit and consulting services to their clients. Androids & Co started in 1913 when Arthur and Clarence, both from the audit firm of Price, bought out a small audit firm in Illinois to form Arthur, Clarence & Co, which became Androids & Co in 1918. Arthur Androids, who is the founder, headed the firm of Androids & Co until his death in 1945. He was a passionate supporter of high standards in the accounting industry. In 1945, Leonardo
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concern. What is ‘integrity’? Does integrity matter or even exist anymore? The article I read is called ‘Integrity in Professional Life: Issue of Conduct, Commitment and Capacity.’ The author Sarah Banks (2010), mainly discusses about the nature of professional integrity and the author identifies three versions of ‘professional integrity’: ‘morally right conduct’; ‘commitment to a set of deeply held values’; ‘and a capacity for reflexive sense-making and reliable accountability.’ The word ‘integrity’
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practice public accounting in order to protect the public. This brochure contains important information. Do not discard before receiving your examination results. Visit NASBA’s website to download additional copies of this document. © 2012 NASBA, AICPA, and Prometric. All rights reserved. Page ii UNIFORM CPA EXAMINATION CANDIDATE BULLETIN TABLE OF CONTENTS PREFACE ............................................................................................................................
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Chapter 1 Ethical Reasoning: Implications for Accounting Ethics Reflection PENN STATE CHILD ABUSE SCANDAL: A CULTURE OF INDIFFERENCE What motivates an otherwise ethical person to do the wrong thing when faced with an ethical dilemma? Why did Joe Paterno and administrators at Penn State University look the other way and fail to act on irrefutable evidence that former assistant football coach Jerry Sandusky had raped and molested young boys, an offense for which Sandusky currently is serving
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need for public confidence. The AICPA Code of Professional conduct is design to provide a framework for expanding professional services and serving responding to other changes in the profession such as increasingly competitive environment it consists of two sections the first section the principles, is a goal oriented positively stated discussion of the profession's responsibilities to the public client and fellow practitioners. The second section of the code the rules are enforceable applications
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