The AMA code asks members to apply the basic rule of professional ethics, which is to not knowingly do harm. It also asks members to follow all applicable laws and regulations. 2. Describe the role of the Ethics Officer in a corporation. What are the fundamental building blocks of a good, comprehensive ethics program that is created for the purpose of educating employees?
AICPA American Institute of Certified Public Accountants (AICPA) is a voluntary organization of CPAs. The AICPA Code of Professional Conduct focuses on a set of professional and ethical standards followed by CPAs. The primary standard set by the AICPA Code of Professional Conduct is to honor the best interest of the public, even if doing so sacrifices personal gain. The code also focuses on constantly exercising professional and ethical conduct (Mintz & Morris, 2011). The executives at WorldCom knowingly misstated capital spending moving funds from one account to another to hide the reasons for the expenditures, and manipulated financial reporting.
We all have an obligation to observe this Code of Ethics, not only to ensure that operations are conducted according to the law, but also to ensure the application of the highest standards and principles of corporate social responsibility. We also invite you to ask or report bad behaviors you have observed. It is Star Management & Consulting, Inc. policy not to retaliate against any person who reports in good faith. I am sure that with your support, enthusiasm, and commitment we are going to continue building the future as Star Management & Consulting, Inc. moves forward. Section II: Procedures & Standards: A.
After listening to him his decision got bias. But in my opinion an employee should immediately report and error when it is discovered. All employees, especially employees who are burdened with the task of making projections which may impact the future of the company must act with integrity. Small-business investors and leaders consistently rely on the ethical collection and delivery of financial information. “According to Mintz, “Integrity is a fundamental trait of character that enables a CPA to withstand client and competitive pressures that might otherwise lead to the subordination of judgment.” The priority must be based on the professional responsibilities first rather than looking at the personal interest first.
Confidentiality PA 253 Legal Ethics Michelle Jacobo Kaplan University Confidentiality: The Alton Logan Case Before discussing the specific case in question, let us first review one of the words in this week’s key terms, Confidentiality. The term Confidentiality is described as being communication made by client to attorney that is to be kept confidential. It is a duty of the attorney. Also, it goes on to specify that the attorney is to be informed of the facts of the case so that he will feel confident that he can offer the best representation to the client, and likewise, the client can feel free to disclose to his attorney and know that it will not be released outside of that relationship. This is most likely why Andrew Wilson felt it was appropriate to confess to the murder of the security guard after Alton Logan was convicted.
("AICPA'S Code of Professional Conduct ", 2006-2014). The AICPA views that accountants should always exercise sound moral judgment in all accounting activities. Accountants have the responsibility of providing clients with professional services while presenting a truthful and accurate assessment of the information. Ethics in accounting are concerned with how to make good and moral choices in regard to the preparation, presentation and disclosure of financial information. Accountants have ethical responsibilities to many different parties, both internal and external to the company.
ETH/316 08 December 2014 Organization Ethics Introduction The well respected bank California Bank and Trust (CBT) takes ethics particularly serious. The parent company of CBT is Zions Bancorporation. The Zions Bancorporation code of business conduct and ethics is a guide used in “making proper choices and preserving honesty, integrity and fairness in all our business dealings” (Simmons). Zions created a code of ethics handbook that contains five basic guidelines: be honest, respect others, avoid conflicts of interest, comply with laws and regulations and policies, and speak up. As a CBT employee, I believe following these five simple guidelines helps keep me in line with the code of business conduct and ethics.
Running head: CODE OF ETHICS COMPARISON Similarities and Differences between the American Counseling Association and the American Association of Christian Counselors Abstract Professional Codes of Ethic are written and implemented to provide structure for professional counselors and protection for their clients. The specifics of ethics codes are: promote the welfare of the consumer, doing no harm, acting ethically and responsibily, practice within the scope of one’s competence, avoid exploitation and unhold the integrity of the profession by striving for aspirational practice (Feldman, 2011). Ethics codes are very important in organizations. The two codes that will be compared and contrasted in this paper are the American Counseling Association (ACA) and the American Association of Christian Counselors. These codes share similarities in that the both are written to protect the client and set specific guidelines for effective professional counseling.
When an individual is accepted into the AICPA, the member is obligated to perform in the best interests of the public’s trust, as the public relies on the integrity and honesty of the member. According to American Institute of CPAs (2012), “…the objectivity…of certified public accountants…to maintain the orderly functioning of commerce” (ET Section 53 - Article II the Public Interest). Expected from the public is for the member to provide quality services and demonstrate professionalism that reflects the Principles of the Code of Professional Conduct (American Institute of CPAs,
For example, it specifically fights against “intrusive powers” whether they be personal, corporate, governmental, or even religious (AACC Code of Ethics I-470). Counselors from both the AACC and ACA are expected to keep the client’s confidentiality to their fullest capacity possible. “Confidential client communications include all verbal, written, telephonic, audio or video-taped, or electronic communications arising within the helping relationship” (AACC, p. 11, ES1-410). Confidentiality must be maintained with clear limitations and obligations, which implies the need for both parties to trust each other within the counselor and client relationship. Both the AACC and ACA code of ethics give specific limitations based on ethical dilemmas and differing legalities.