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Posted: March 17th, 2023
Ethics and code of conduct paper
Can someone help me with the following?
Read “It’s Time for Principles-Based Accounting Ethics” (attached) In 4-5 pages (12-pt type, double-spaced) answer the following questions:
- Do you agree with the authors that a code of ethics should do more than establish minimum acceptable standards? Why or why not?
- Describe the five cardinal virtues of professional accountants that the article’s authors discuss.
- We’ve talked about rules-based versus principles-based accounting standards. Should we have rules-based ethics standards? Why or why not? Should they tell you exactly what to do in specific ethical situations?
- Read the AICPA Code of Professional Conduct (Links to an external site.) (pdf version) (attached) and summarize any TWO of the below contents of Part I of the Code of Conduct.
- Introduction
- 1.100 Integrity and Objectivity
- 1.200 Independence
- 1.300 General Standards
- 1.310 Compliance with Standards
- 1.320 Accounting Principles
- 1.400 Acts Discreditable
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