Questions On The Code Of Ethics

The competency codes of ethics in ACS and Clients and Employer codes of ethics in IEEE/ACM is the same as Software engineers shall act in a manner that is in the best interests of their client and employer consistent with the public interest.

The five fundamental ethical principles of the Australian Accounting Profession as listed in APES 110 Code of Ethics of the Australian Accounting Profession are integrity, objectivity, and professional competence and due care, confidentiality and professional behaviour.

.01 As professionals, certified public accountants perform an essential role in society. Consistent with that role, members of the American Institute of Certified Public Accountants have responsibilities to all those who use their professional services. Members also have a continuing responsibility to cooperate with each other to improve the art of accounting, maintain the public 's confidence, and carry out the profession 's special responsibilities for self-governance. The collective efforts of all members are required to maintain and enhance the traditions of the profession.

The Model of Trust Enhancement was established to enhance and maintain the public’s trust in the accounting profession. Over the last two decades, the ethics of the accounting profession has been questioned and public trust destabilized, in particular for auditors, due to the Enron debacle. The fact that an auditing firm would assist their clients with publishing an inadequate set of financial statements shows their willingness to violate laws and regulations (Sims & Brinkmann, 2003). According to the textbook, “Because trust is essential, even the appearance of an accountant’s honesty and integrity is important. The auditor, therefore, must not only be trustworthy, but he or she must also appear trustworthy” (Duska, Duska & Ragatz, 2011, p. 116). The majority of statements filed inadequately have a substantial impact on the credibility of the accounting profession as a whole. Sullivan (n.d.10) states that a CPA must possess a high level of trust, by applying professional judgment and enhancing the three trustworthy characteristics (ability, benevolence, and integrity) when resolving accounting ethics dilemmas (slide 3).

6) According to the Institute of Management Accountants’ Statement of Ethical Professional Practice, the standard of objectivity includes _____.

The American Institute of Certified Public Accountants (AICPA) has the duty of ensuring CPA’s follow rules and stringent penalties can result if not compliant. A code of ethics is involved and revisions have been made in recent years. The entire ethics provisions apply to members in public practice, business, and other members. Furthermore, the provisions have made the revised code is the creation of three sections for members in diverse areas of practice to assist accounting professionals in each group to determine whether they are in violation of any rules of conduct, (Mintz, 2014). There are tools made for CPA’s to make better ethical decisions to avoid conflicts. For instance, a provision in the prior section explains of violation of honesty and objectivity if a member is coerced into pressure. Since revisions

The Institute of Management Accountants’ (IMA) code of ethics is a set of ethical standards of for management accountants. Management accountants have a moral obligation to perform their services at the highest ethical level possible. The four main principles of standards are competence, confidentiality, integrity, and objectivity.

It is essential for the organization to have a strong code of ethics to ensure all employees understand the ethical expectations of the organization. The code acts as a guide for employees to ensure they apply ethical decision making in the workplace. As the manager you will play an essential role in disseminating this information to employees as well as ensuring they are in compliance with the code. Employees must understand the consequences of failing to uphold the code and the importance of reporting ethical failures. To ensure your complete understanding of the importance of the ethical code I have selected a code of ethics from three different organizations. These examples are a good guide for the code that will be established for the organization.

The value of integrity is another important aspect of the NASW Code of Ethics. It is essential that social workers develop a relationship built on trust and righteousness. It has been suggested that through a “minimum combination of training and ongoing support (supervision, consultation, and coaching), preferably extended with booster sessions,” (Goense, Boendermaker & Yperen, 2015, p. 69), a social worker can develop an effective relationship full of integrity. According to the National Association of Social Workers (1999), social workers can promote integrity in the social work profession by participating in the community through educational presentations, providing services, teaching or conducting research.

All CPAs who are members of AICPA are purely governed by the AICPA code of conduct. The code takes into consideration the needs of all financial statement users. Consideration of public interest is the main aim of the code. The Excello accounting department has the duty of following the professional duties, be honest in the financial prospering and protecting the public interest. This means upholding their ethical status and protecting the interest of the public.

Mental health organizations consist of several different versions of ethical codes in which it is useful to become aware of these differences for your future employment in working with a variety of professionals. Future coworkers may have different views and opinions however, a code of ethics will individualize these professionals and set standards. By making yourself aware of the differences, communication can become easier between employees of various backgrounds. Two particular organizations to compare may include the American Counseling Association Code of Ethics and National Association of Social Workers Code of Ethics. To address the similarities and differences of the two organizations, it’s important to know what a code of ethics

Professional behavior is an obligation that requires all accountants to comply with all laws and regulations in an effort to avoid any discreditation of their professional ability. All accountants at this company will be honest and truthful and never make any exaggerated claims for the types of services they can offer, the qualifications they have ,or the experience they have.

The Institute of Management Accountants created a code of ethics that include: competence, confidentiality, integrity, credibility and resolution of ethical conflict which provide clear and concise standards that should be met in the work place (Dr. Shim’s notes). It was made evident that in the case of the Enron scandal, they have failed to abide by this code. Competence is to perform professional duties in accordance with relevant laws, regulations, and technical standards. It also should provide decisions that support information and recommendations that are accurate, clear, concise and timely. They fell guilty of breaking this standard by not producing clear and accurate reports which in turn lead to laws and regulations being broken. Enron was guilty of misstating their income and not including their earnings on their financial statements. Confidentiality is keeping information confidential except when disclosure is authorized or legally required. It

The code provides a conceptual framework approach to the application of the fundamental principles of professional conduct:

Code of ethics promotes the ethical culture in an internal audit profession. Principles and rules of conduct