to the managing partner Morris who decided to talk to Giles and make ethical decisions. b) Ethical and Professional Issues • Violation of CPA’s professional and moral obligations; Noncompliance with firm’s HR policy and professional code of conduct, as well as the firm’s universally respected and obeyed rules and norms; • Potential problem that the number of hours billed is out of line with work of similar nature and fee estimation; the audit hour budget may be jeopardized due to the
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Written Assignment 1: Ethical Behavior 1. Explain why the public expects all professionals to act ethically. The reason the public expects all professionals to act ethically is because they, the professionals, are able to carry out their duties because of public confidence. Public confidence is the trust the general public has in a person, group or profession. This public confidence is what adds value to the work the professional does. If the professional acts unethically, the professional has
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is to at the end follow the AICPA Code of Professional Conduct. Following special rules inside the code of conduct can permit Kolb into avoiding and getting into the issue of judgement around the whole unethical practices occurring in the hospital environmental workforce. Considering the Certified Public Accounting section in the AICPA Code of Professional Conduct, inside the rule 102 it is proven that there should be a high recommendation for in this case Kolb to conduct the report of the specific
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Roger McDaniels sat in front ACCT 436 ETHICS CASE STUDY Click Link Below To Buy: http://hwcampus.com/shop/roger-mcdaniels-sat-front/ 1. Identify and briefly discuss the key issue(s) in the case. The key issues in this case study are two. The first issue is whether Roger’s action of using Cambridge’s confidential information concerning their investment plans in Dugas Incorporation to divert the consequences of selling the supreme ownership and control rights to Cambridge is justifiable
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through with new technology advancements and improvements. According to the state of Illinois my trait discipline encompass the rules of professional conduct. People in the professional world that reside in the state of Illinois should use the professional conduct. Here is the general summary for the stats of Illinois: “The Rules of Professional Conduct are rules of reason. They should be interpreted with reference to the
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Of the six Principles in the AICPA Code (Responsibilities, The Public Interest, Integrity, Objectivity & Independence, Due Care, and Scope & Nature of Services) I believe the three most important are Responsibility, Integrity and Due Care. While most of the principles are inter-related it is the customer/ public that must be taken care of first and not our personal interests. To protect the client we must first understand the responsibilities as a CPA. “The overriding responsibility
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Deidre Hanson Case Facts Alex Morgan is a partner in a CPA firm located in a small Midwestern city, which has a population of approximately 85,000. Mr. Morgan’s practice is primarily in the area of financial planning; however, he also performs an annual audit on the city’s largest bank. Recently, Mr. Morgan was engaged by a wealthy couple, Paul and Sara Joseph, to prepare a comprehensive personal financial plan. While preparing the plan, Mr. Morgan became personal friends of the Josephs.
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top management on an accounting or financial reporting matter: A. Inform the SEC B. Terminate employment with the entity C. Seek legal advice before taking any action D. All of the above 5. The Public Interest Principle in the AICPA Code of Professional Conduct recognizes: A. The importance of integrity in decision making B. The primacy of stakeholder groups C.
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Ethics – can we merge AICPA and IFAC ethics standards? AC504 March 10, 2013 INTRODUCTION There are many challenges and obstacles facing the accounting profession with the convergence towards a globally accepted accounting reporting structure and a global ethics structure. Today’s economy is becoming globally smaller and more importantly the economy from all fronts is becoming more co-dependent on one another from a domestic and international perspective regarding finance, raw materials
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National: AACSB Analytic; Diversity; AICPA BB-Legal 2. Which area of law is most likely to impact directly the finance and accounting departments of a company? a. products liability b. employment discrimination c. credit regulation d. environmental law e. all of these are likely to impact about the same ANSWER: c (page 3) National: AACSB Analytic; AICPA BB-Legal 3.
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