6-2 Discussion Professional Practice

Why is it important for a CPA to promote professional services in an ethical manner? Do you believe it would be ethical for a CPA to advertise professional services using testimonials and endorsements? Why or why not?

20. A primary purpose for establishing a code of conduct within a professional organization is to: Group of answer choices Require members of the profession to exhibit loyalty in all matters pertaining to the affairs of their organization. Demonstrate acceptance of responsibility to the interests of those served by the profession Reduce the likelihood that members of the profession will be sued for substandard work Ensure that all members of the profession perform at approximately the same level of competence

Select one of the following principles of professional conduct to examine in the AICPA Code of Professional Conduct document: Responsibilities Public interest Integrity Objectivity and independence Due care Scope and nature of services 1-How would you define and describe your selected principle in your own words? 2-What value does the principle bring to practitioners, businesses, and clients? 3-What is an example of a difficult situation that a practitioner may face related to your selected principle, and what would an ethical response to the situation be? Why might a practitioner be tempted to, or accidentally, not take an ethical course of action?

What is the ethical dilemma you face? What are the ethical considerations? Consider your options and responsibilities as assistant controller?

2. Summarize your thoughts on the Zeff articles. (1-2 paragraphs). Do you regard the CPA profession as an ethical profession? How can the CPA profession restore it's reputation?

In teaching about moral development, instructors often point out the threefold nature of morality: It depends on emotional development (in the form of the ability to feel guilt or shame), social development (manifested by the recognition of the group and the importance of moral behavior for the group’s existence), and cognitive development (especially the ability to adopt another’s perspective). How does this perspective of morality relate to ethical reasoning by accountants and auditors?

What is meant by respect to authority ?. How it should be recognized by salarized professionals as morally jistified .

3. Explain in details and with examples the threats to compliance to the Fundamental principles of professional ethics.

1.Explain why businesses need ethics programs and list their minimum requirement.       2.Describe the role of codes of ethics in identifying key corporate risks.      3. Review the factors in successful ethics training and goals.       4.Explain the ways ethical standards are monitored, audited, and enforced.

1.What is the definitions for the  general importance of ethics and professionalism?

A persuasive characteristics of CPA’s role in mgt. consulting services engagements is that of being a (an)   independent practitioner                c. objective advisor   confidential reviewer                      d computer specialist   According to profession’s standards, which of the following would not be considered consulting services requirements for CPAs? Supervising staff who are assigned to the engagement. Maintaining independence from the client. Complying with statements on standards for consulting services. Obtaining an understanding of the nature, scope and limitations of the engagements.   According to professions’ standards, which of the following would be considered consulting services? Advisory services     Implementing services        Product services                          Yes                             Yes                                         Yes Yes                             Yes                                         No                          Yes…

What are the advantages of a CPA over members of other professions in rendering management advisory services or consulting work? Explain. Enumerate the practice standards in MAS and explain each.

Professional skepticism is a. The application of relevant training, knowledge and experience b. Adherence to the professional code of ethics c. An attitude that includes a questioning mind d. Necessary for a quality control system Clear my choice

Chapter Two: Ethics 1. Compare the AAOIFI Code of Professional Ethics with the IMA and AICPA Code of Professional Ethics. 2. Give your opinion on the major differences between them.

Identity, which one of the following is related to ‘adherence to a strict moral or ethical code’. Openness Integrity Fairness Honesty

Public officials must not only do technical things correctly but they also must do ethically correct things. (Dutelle, 2011)(A) Discuss the five basics of public sector ethics?

Describe the role of professional judgment in ethical leadership as it pertains to accountants and auditors.

Quite often, people may face situations that put them in an ethical conflict. The best way to cope with this is ________.   Question 22 options:   A)  to develop a personal code of ethical conduct about what is right and wrong   B)  to use the "golden rule"   C)  to do what makes the largest number of people happy in the situation   D)  to do nothing and ignore the situation   E)  to act the same way you have seen others act in similar situations

if a KPMG partner does not keep up with her required training per her professional obligations, is she acting unethically? Discuss with reference to the professional competence and due care ethical principle

To be ethical, the agent (person) must judge action viewed by absoluteness of good motive according to the deontological viewpoint which explains that the deontologists look at the essential consequences of the acts. TRUE or FALSE? Justify your claim and if needed, identify the error and change it into its appropriate use. Provide the positive and negative sides of using deontological ethics.

The understanding with the client should include all of the following except: a. The type of opinion which will be issued. b. Management's responsibilities. c. The objective of the engagement. d. The limitations of the engagement.