A Code Of Ethics For Professional Accounts

1901 Words Sep 7th, 2014 8 Pages
1. Basically, it can be concluded that the stakeholders are those who involved in the case; Katrina Richards, she is the partner on the engagement of ‘Global’ company. Juliette Forbes, she is the managing partner of the accounting firm. Richard and Greg, they are members of the accounting firm; they make final decision when there is any special situation especially if there is difference perspectives between firm and clients. Last, CEO of ‘Global’ James Hubert.
For the ethical obligation, they need to abide by the APES 110, and it is a code of ethics for professional accounts, which is issued by IESBA under IFAC.
Members must conduct themselves in a manner consistent with the good reputation of their profession and refrain from any conduct that might bring discredit to their profession. (APES 110, GN1)
The general conducts are, first, integrity; members should straightforward and honest in all professional and business relationships; objectivity means do not allow bias, conflict of interest or undue influence of others to override professional or business judgments; professional competence and due care it requires member maintain professional knowledge and skill at the level required to ensure that a client or employer receives competent Professional Services based on current developments in practice, legislation and techniques and act diligently and in accordance with applicable technical and professional standards; confidentiality is to respect the confidentiality of…
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