To ensure that we are performing to the best of our abilities we have to maintain our skill set. If someone comes up with a better way to do things CPAs should be open to the information and not just stuck in the way things have always been done (Mintz & Morris, 2011, Chapter Chapter 1). Reading the principles you can see that they talk about the others within their explanations, but in order to provide the best service to clients understanding the responsibilities, making sure our integrity is always intact, and maintaining our due diligence (care) in always presenting the best products should be the most important. Mintz, S., & Morris, R.E. (2011).
Through the lessons of Character Counts, we learn that our character does in fact count. Our character represents us as people and a nation, and we must achieve and surpass the expectations set before us so that we may truly say our lives made a difference. Even the seemingly least significant gesture of good will can, in some way, improve a person's quality of life. Character Counts strives to reach the goal of a better life for all. Respect, Trustworthiness, Citizenship, Caring, Fairness, and Responsibility are six ways to go far in life and do well in life.
The AICPA was founded in 1887 and is the world’s largest association to represent accountants; they have over 350,000 members in 128 different countries ("About The Aicpa", 2006-2012). It is considered to be foundation of ethical reasoning in accounting because it covers everything from independence to due diligence and acts as a guideline for accountants to follow. After reading over the AICPA Code of Professional Conduct I feel that the three most important purposes are; to protect the investor, to protect the creditor, and to protect the employee. On the AICPA website one can find versions of the Code of Professional Conduct that date back to June of 2008 however, portions of the code have different dates such as January 12, 1988 that is listed as the date of adoption on the ET section 91-Applicability (AICPA 2006-2012). Although confusing, portions of the code have been around for longer than the code itself and is known as the foundation of ethical reasoning.
“The American flag is a cherished symbol of our national aspirations. It is the closest object to a national icon, rivaled only by the Constitution and the Declaration of Independence… what is the harm in insisting a modicum of respect for it” (Allen 18). Allen feels that the flag is a very important symbol to the nation and thinks that everybody should show respect towards it. The tone used to describe his reasoning is very fierce, as Allen points out the wrongs in the decision. Even though Allen thinks that the Supreme Court wasn’t wrong in their decision, his opinion is very strong, as he suggests how people should treat the flag with respect because of its importance.
There is a strong case for both sides of this argument, but I believe that the power level given to judges is the right amount in relation to how important a role they play in supporting British society to work to its full potential through their requirement of upholding the law. Although, there is a strong argument to claim that despite this, they may not be the right people for the role as their independence and neutrality can be questioned, with a view that their power should potentially be limited. One of the strongest arguments, which can be used to defend the power given to the judiciary, is that despite what many believe, they can not over rule government, and government can in fact overrule the judiciary through their sovereignty, and this was backed by Lord Neuberger, head of the Supreme Court who claimed that the thought of parliament not being sovereign is ‘quite simply wrong’, highlighting the fact that the power is ultimately not with the judiciary. The judges do not have the power to repeal any laws despite their opinions on them; their job states that it is obligatory for them to enforce the law despite their personal opinions. However they do have the ability to make suggestions to possibly amend the law through highlighting flaws.
They did as a means to developing generally accepted accounting principles (GAAP). B.) FASB, Financial Accounting Standards Board is the group that actually creates and formulates rules for accounting. Their panel is selected amongst 9 organizations. The electors appoint the board of trustees that governs the Financial Accounting Foundation (FAF), which is made up of 16 trustees.
Both the AACC and ACA code of ethics give specific limitations based on ethical dilemmas and differing legalities. There is also special attention given to the counselor’s responsibility to protect counselees from undo harm. Appropriate disclosure may be the best option-- and even necessary in certain cases in order to protect another party. “Rapidly expanding and interlocking electronic information networks are increasingly threatening client privacy rights” (AACC, p. 13, Section 1-470).This is to ensure that the client feels he/she is able to put forth the highest level of trust towards the counselor. The counselee feels that he/she is able to be open and honest because confidentiality is
This is needed and essential to our success but is dependent upon our ability to assimilate correct information. Accurate information is the most powerful tool of any officer or manager in this industry. To know where a job stands at any time is a necessity if we are to stay at the top of our profession. A source independent of any job is more likely to retain its objectivity. This empowers management to take as much corrective action as is needed.
Universalism is where people should uphold certain values, such honesty as well as other values that society needs in order to function correctly. Universal principles may be powerful and useful, however what people say, hope, or think they would do is often now what is actually done in the long run. Egoism is acceptable behavior which maximizes benefits for an individual “doing the right thing,’ the focus of moral philosophy is defined by egoism as “do the act that promotes the greatest good for oneself” (mhhe.com, Ethics and Corporate Responsibility). Utilitarianism, unlike egoism, seeks the greatest good for the greatest amount of people. Organizations seek the greats good for the largest amount of consumers they can supply to, increasing their need for product.
It cannot just be anyone, we will need some of the highest level of officials who are willing to stay committed and are worthy, credible individuals. We then have to figure out how to we start to implement the strategy. You cannot just jump into it and hope it all goes well, you will need to have a smart way of beginning where you will be taken seriously. If we gain