Professional Code of Ethics

Accountants are held to a higher ethical standards and they must performed their duties in compliance with standards or ethical values of honesty, integrity, objectivity, due care, confidentiality, which must be fully committed to. They must put clients or public interest first before their own. They must have and ethical values and maintain those values way beyond what the society or the company’s code of ethic. It is important that accountants’ behavior or ethical values is in conformity with the

Forensic Accounting There are many different avenues that one could take in the field of accounting. It is a lucrative career with many areas of interest to be followed. I have chosen Forensic Accounting to further review and research. This paper will define forensic accounting, describe what it takes to be a forensic accountant, give some statistics about forensic accounting, and give my feedback on this potential career path.

The NMC succeeded the United Kingdom Central Council for Nursing, Midwifery and Health visiting (UKCC) which was until 2002 has a core responsibility to register UK Nurses, Midwives, and health visitors as well as handle professional misconduct complaints and issue guidance for registered practitioners. The NMC was set up with the core responsibility of protecting the public by ensuring appropriate standard are set, reviewed and monitored for education, training, professional conduct and performance (Nursing and Midwifery Council, 2015). The core function of the NMC, as a regulator, is to establish and improve standards of nursing and midwifery care in order to serve and protect the public (Eaton, 2012). This assignment will focus on how NMC protects the public by carrying out its statutory roles. The writer will discuss the code of professional standards of practice and behaviour as it concerns Adult Nurses registration and deregistration of Adult Nurses, education and training, investigation and dealing with complaints, revalidation, criticisms of NMC, as a well as have a look at the future of NMC in regards to protecting the public.

Forensic accountants also should consider that confidential sources of information may have a hidden motive for providing information. Former spouses, business partners, employees, neighbours, and friends may know specific details. However, the reasons for providing such information may be suspect. The confidential source may be providing information that is intended

"Style is a fraud. I always felt the Greeks were hiding behind their columns." Fraud in the financial community is consistently hidden in "style." Since its beginnings in the "great depression," to now, "the great recession" fraud has undoubtedly taking many forms and styles. Subsequently, many non suspecting patrons have been severely damaged as result of this greed and corruption. Many of America's largest and most established companies are not exempt from this form of style manipulation. As we will soon see, many corporations, including Enron, have both the ability and incentive to commit fraud. In today's fast paced information age, fraudulent activities are now becoming more difficult to detect, and even more difficult to prove. As a result, the demand and subsequent use of forensic accountants will be very important in the future as litigation continues to take hold of the financial services industry. Firms such as JP Morgan, Bank of America, Goldman Sachs, and larger banks have now been subjected to large amounts of litigation and negative publicity. The need for forensic accounting during these periods is high as their skill set warrants their use in court.

Students interested in the Forensic Accountant profession are required to possess many skills because this is the hottest career in accounting. People who work in this career investigate white collar crimes such as business fraud, incorrect financial reporting, and illegal investment schemes. Certain government agencies have established core competency frameworks that a forensic accountant student’s must demonstrate. Some of these skills include strategic critical thinking, problem solving/decision making,

The link between forensic accounting and professional auditing begins and ends with the Fundamental Principles and the Specific Guidance Statements of Auditing for the forensic accountant. Professionals in both forensic accounting and independent external auditing must maintain integrity, objectivity, professional competence and due care, confidentiality, and professional behavior. These are the fundamental principles. Both types of accountants must have these principles, although there may be differences between the forensic accountant and the external auditor within how each of these five areas are applied in practice. For instance, both disciplines require integrity. For the external auditor,

FORENSIC ACCOUNTING IN PRACTICE AYESHA KAPOOR DR. MARGARET BUCKMAN BUS-508-CONTEMPORARY BUSINESS 18TH AUGUST 2013 The most important five skills that a forensic accountant needs to possess and the need for each skill.

A study conducted by two professors from Rider College interviewed over 150 lawyers, Certified Public Accountants (CPAs) and accounting educators. The study identified sixteen skills needed by forensic accountants. According to the study, the five most important skills are analytical skills, basic accounting skills, problem solving skills, data analysis skills and interviewing skills (McMullen & Sanchez, 2010).

An Issue of Ethics Professional ethical theory and practice become the distance from one to another that explore new modes for business, as for other professions. The conventional approaches of professional ethics are concerned with telling people how they ought to behave. These questions include what is one’s moral obligation? What ought we to do? What is our duty? What is the ultimate principle of moral right and wrong? (Blackburn & McGhee, 2004). Business is a complex corporations operate between manufacturers and consumers, employers and employees, managers and stockholder (Hoffman, Frederick, & Schwartz, 2014).

In the world today, according to the Business Dictionary professional ethics is, “professionally accepted standards of personal and business behavior, value and guiding principles. Code of professional ethics are often established by professional organizations to help guide members in performing their job functions according to sound and consistent ethical principles.” (Business Dictionary, n/d) Professional ethics are standards or codes of conduct set by the people of a certain profession. It is basically the expectations and behaviors the employees should follow. Honesty and respect are the two main components of professional ethics. If an employee is following the code of conduct, being honest and respectful, to

Professional Ethics Paper Carolyn Smith HCS/478 August 15, 2011 Ann-Marie Peckham Professional Ethics Paper The purpose of this paper is to discuss the relationship among professional values, ethics, and legal issues. A person’s personal values and ethics can influence their professional values and ethics in the workplace. Finding the right balance between personal and professional views in the workplace will help foster a successful career. This paper will cover relationships between legal and ethical issues as well as personal values and professional ethics.

Journal of Accounting, Ethics & Public Policy Volume 3, Number 1 (Winter 2003), pp. 1‐26 Ayn Rand and Contemporary Business Ethics Stephen R. C. Hicks Introduction: business and the free society Advocates of the free society think of business as an integral part of the dynamic, progressive society they advocate. In the West, the rise of a culture hospitable to business has unleashed incalculable productive energies. Business professionals have taken the products of science and revolutionized the fields of agriculture, transportation, and medicine. Business professionals have taken the products of art and dramatically increased our access to them. We have more food, we are more mobile, we have more health care, we have Business exists and flourishes to the extent individuals in the business world are productive and cooperative, so the major part of business ethics should be about what principles enable individuals to function productively and cooperatively. But because of the problems that can be created by irresponsible, irrational, and uncooperative individuals, part of business ethics deals with how productive individuals should solve the problems caused by the irresponsible. This thesis, however, implies a recasting of current business ethics, since the currently dominant models hold the reverse—that business is, in principle, amoral or immoral, and that ethical behavior is the exception. My thesis is that the core of business is moral just as the core of any

Professional Ethics There is general recognition of the fact that journalists have responsibilities not only vis-à-vis their own convictions but also towards the public. Summarily, four kinds of responsibility may be defined: contractual responsibility in relation to the media and their internal organisation, a social responsibility entailing obligations towards public opinion and society as a whole, responsibility or liability deriving from the obligation to comply with the law and responsibility towards the international community, relating to respect of universal values. These four types of responsibilities may in certain respects be contradictory or even conflicting.

Introduction Accounting skills are useful for companies and individuals who are trying to maximize their profits and maintain a competitive advantage, but forensic accounting can help bring justice and peace of mind for many others by illuminating financial processes that can help explain criminal actions and behaviors. The purpose of this essay is to describe the five most important skills a forensic accountant may possess in order to become successful. This essay will describe each one of these traits and describe its application to business operations. Next the essay will describe the role of the forensic accountant within a courtroom environment and then also discuss the legal responsibilities that these professionals have to obey in the course of their work. Finally this essay will highlight two real world cases where forensic accounting provided vital evidence in a legal court case.