These principles include Responsibilities, Public Interest, Integrity, Objectivity and Independence, Due Care, and Scope and Nature of Services. Accountants can use these principles as a guide when they encounter questionable requests from their clients, or supervisors, as well as avoiding any conflicts of interest that may arise (Mintz and Morris, 2011). It is important that accountants act ethically in reporting a company’s finances. Investors, as well as the general public rely on information when making financial decisions and whether to invest in a company. Out of the purposes of the AICPA Code of Professional Conduct, three of the most important include public interest, integrity, and due care.
AICPA Code of Professional Conduct Certified public accountants (CPAs) perform a role that is essential to society. Because of the importance of that role, CPAs have responsibilities to anyone who employs their professional services. CPAs also have a responsibility to assist one another in enhancing the accounting profession, maintaining the public's confidence, and consistently fulfilling the profession's exclusive responsibilities. The voluntary association of CPAs, better known as the AICPA, has proposed a code of conduct that CPAs have chosen to adhere to. Now it is time to discuss the purpose for AICPA’s code, why it is considered the foundation of ethical reasoning, and its most important purposes.
To follow the code of ethics are the basic duties of the employees. For those reasons, to adopt the code of ethics in the County of San Diego is important to keep the county’s public good and goals. G.M Financial Corporation The main purpose of ethics in the G.M Financial Corp. guide principle of business conduct rule for employees with customers, vendors. The G.M’s ethics are basically all G.M employees and they follow the ethics for their business, behavior and conduct. According to the G.M Financial Corp.’s of code of ethics, GM Financial’s mission is to create value for our stakeholders by constantly improving our services, investing in innovative solutions and information-based strategies, and promoting a culture of teamwork, excellence and integrity
How should the employee have handled this situation and what should the supervisor do when the situation is disclosed? A bookkeeper or an accountant should always have moral standards when it relates to their work environment. The moral standard requires employees to maintain a level of honesty, fairness, and accountability during work period. While the entire organization may be required to act in good faith and treat fellow employees and
Other attestation standards include specific guidance on other attestation services, again to ensure each CPA practices applicable accounting procedures. The final standard that leads as most important is the Code of Professional Conduct. The Code of Conduct dictates ethical conduct and asserts that all practicing CPAs will act ethically and follow all three former standards and rules. A Code of Conduct is necessary for detouring fraud and ensuring the utmost professional
* Trust will be a strong value that will be unacceptable if not used. A well rounded company is embodied by well built standards and procedures. With a strong base of standards our company discourages undesirable conduct. Placing a code of conduct into our company allows a business to improve their ethical standards by screening for unethical employees. A code of conduct is a one of the major key factors in keeping a business in good ethical standing.
The CEO of any organization needs to not only be part of the policies and standards that present but they also need to be the main supporter of all initiatives. Whether the CEO writes their own policies or buys them of the shelf, they need to make sure they are followed and that all compliance issues are covered correctly. It is important to remember that information security is as much a business issue as it is a technological issue. If all groups work together and abide by policies and standards that are written for the organization then the organization will stand a better chance at being secure. Having a security policy that is easily measured and enforced is the key (Symantec, 1995-2010) to this success.
To protect the Starbucks brand, culture, and reputation, each employee is responsible for adhering to the company’s core values. This includes complying with the law, in addition to demonstrating ethical conduct. The ethical culture of Starbucks determines the quality of decisions made by employees. If the employees are working in an ethical environment, they will be compelled to make ethical decisions. Employees are expected to make good decisions using their values, knowledge, and previous experiences.
It is also a branch of philosophy dealing with values relating to human conduct, with respect to the rightness and wrongness of certain actions and to the goodness and badness of the motives and outcomes of such actions. The three sources of professional ethics and values I am going to discuss, are professional integrity, academic integrity, and personal values. Professional integrity is often used in business settings to describe the manner in which employees should act or conduct themselves. Professional integrity is demonstrating practical ethics and professional responsibilities within the work environment. Professional integrity involves being an ethical person.
This principle maintains a stronger purpose than the others because this one defines the purpose of the CPA position. The CPA’s primary responsibility is to serve the public interest; in fact, subsets of this article direct a CPA to rely on this fact when faced with conflict among clients (Mintz & Morris, 2011). Without this direction, the CPA is left to his or her own scruples in determining whose interest to protect when faced with conflict. Article Three – Integrity Despite this article’s placement in the code of professional conduct, it is by far the most important principle of the code. Its message is clear – integrity is the key to maintaining public trust and respect of the