A Code Of Ethics For Professional Accounts

* Be open and honest, act with integrity and uphold the reputation of their profession

This post will discuss two ethical accounting dilemmas that could occur in the CPA profession. For each dilemma, it will explain how the dilemma could be resolved based on logic and reason. It will then support that proposed resolution through support from the American Institute of Certified Professional Accountants (AICPA) Code of Professional Conduct.

All staff are further expected to have a good awareness of the Code of Conduct and abide by the same throughout their role, specifically expecting all staff to be tolerant, provide a pleasant working environment, be receptive and professional, respect others feeling and confidentiality and not to stereotype or pre-judge.

In the IT and business field, the stakeholders can be many different people. Talks of tech have a great definition of stakeholders stating that: "Any person who has interests in an existing or

Behaviors that are aligned with the standards set by Company X include loyalty to clients, respecting all co-workers and clients, and integrity to do what is right on a daily basis. By demonstrating these behaviors, each and every day Company X will be able to provide high quality service due to the positive actions of our associates. Any conduct that is deemed inappropriate or detrimental to Company X will be addressed on a case by case basis by the associate’s immediate

Professional ethics are guidelines set by professional organizations that guide its members in performing the functions of their job appropriately, while behaving in a professional and ethical manner (Web Finance Inc., 2016). Some of the characteristics of professional ethics include “knowledge, honesty, accountability, integrity, loyalty, compliance with the law and more” (Reference An IAC Publishing Labs Company, 2016, para. 3). Professional ethics are important because it builds credibility and shows that the person is capable of doing their job appropriately, regardless of the situation,

I am going to discuss the different stakeholders involved in two contrasting businesses. I am going to explore the stakeholders involved in each business and how they are affected by the company. My first organisation is Boots Alliance, a pharmaceutical shop on most high streets. My second organisation is Oxfam charity. Both provide goods or services to the public; however they have different stakeholders affecting their decisions. Stakeholders are anyone that affects or can affect a business’s decisions. This could be a consumer, an employee, a supplier or many others.

Stakeholders are anyone who has a interest or influences the business in anyway. There are two

Stakeholders can be divided into internal and external claimants. Internal claimants include shareholders and employees including the managers of the firm. External claimants typically comprise customers, suppliers, bankers, competitors, governments, trade unions, alliance partners, communities and the general public. Looking further into external stakeholders one could, also include the environment.

Who are the stakeholders in this case? Which are primary, and which are secondary? What influence do they have?

The stakeholders are the owners of the company, investors or stockholders. They pay people to manage certain aspects of the firm and trust that the reporting will be accurate and honest.

What obligations do professionals in your field have to their profession, their employees, their colleagues, and their clients and to society as a whole?

For instance, both lawyers and accountants have agreed on profession-specific codes of professional conduct, and physicians still frequently take the Hippocratic oath. Regarding management consultants the professional associations have formulated different sets of ethical rules. The contents of the individual codes either specify what professional conduct is or they indicate what cannot be considered as professional conduct. However, it is also obvious that professional rules only serve as overall ethical guidelines. The consequence of this is that the professional when practising is exposed to several more specific ethical issues for which there is no explicit or written solution.

A company’s stakeholders are all those who are influenced by and can influence a company’s decisions and action, both locally and globally. Business stakeholders include(but are not limited to) employees, suppliers, customer, community organizations, subsidiaries and affiliates, joint venture partners, local neighborhoods, investors, shareholders(or a sole owner in case it is sole

Stakeholders are the group or number of people who are directly or indirectly related to a particular business. Stakeholders can be directors, customers, employees, government, agencies, owners, suppliers, unions and the community from which the business draws its resources (Campbell, 2002). However, stakeholders are a crucial part for the success of business. If an organisation knows it’s stakeholder, then it can determine where, there is prospect for business and also by analysing stakeholders, business can set its operational activities (Graham, 2005).