Code of Professional Ethics and Conduct - Assignment Example

Free

Extract of sample
Code of Professional Ethics and Conduct

In addition to settling with the SEC (as cited in SEC 2005), Volpe was expelled from the AICPA. It is a fair statement to say he was a very fortunate man, considering Andrew Fastow, his counterpart from the now infamous Enron, received six years in Federal prison for doing basically the same thing as Volpe, at roughly the same time (as cited in Saporito 2002). Permanently losing your professional license is of course probably a career ender but Fastow no doubt lost his license as well. Fair? It was to Volpe, for sure. Trying to make a business appear to be better off than it actually is has been in practice as long as money has been involved in transactions, and will continue to happen. The only real way to prevent that sort of illegal activity is to make the penalties harsh, which they are. To set an example of someone is not something people like to think about but judging people like Volpe and Fastow harshly is the only way to curb “cooking the books”. Rule 201 – Professional Competence During the summer of 2010 Mr. David Beck of Lexington Kentucky was the subject of an investigation by the AICPA and the Kentucky Society of CPA’s. That July Mr. ...Show more

Summary

CODE OF PROFESSIONAL ETHICS AND CONDUCT Abstract Rule 102 – Integrity and Objectivity For instances occurring when he was Chief Financial Officer (CFO) of Chancellor Corporation, David Volpe from Stoughton, MA was charged with violating Rule 102 of AICPA’s Codes of Professional Conduct, subsequent to his being also charged with illegal activities by the US Securities and Exchange Commission…
Author : dstrosin
Save Your Time for More Important Things
Let us write or edit the assignment on your topic
"Code of Professional Ethics and Conduct"
with a personal 20% discount.
Grab the best paper

Related Essays

Exploring Professional Ethics in Accounting
This study will attempt to answer the following questions: Is the inclusion of ethical instruction as part of the accounting curriculum seen to be effective and viable? How may incorporation of ethical instruction in the accounting curriculum be made more effective or viable, and what are the alternative ways by which ethical standards may be raised in the accounting profession?
38 pages (9500 words) Dissertation
Code of Professional Ethics and Conduct
The Code of Professional Ethics and Conduct provides certain specific guidelines for accounting practitioners in their professional career. It is based on these guidelines they are supposed to fulfill obligations of their clients thereby keep up the standards of the Apex Body.
8 pages (2000 words) Essay
An MNE establishing a 100% owned Greenfield factory in thailand to manufacture compact sedans for australian and south east asia
In today’s globalized world countries are trying to produce good for which they have a competitive edge over other producers. The rest of the work is either outsourced or is being done in other countries. MNEs should have a detailed idea of the business environment of a country before shifting their production unit to that country.
6 pages (1500 words) Essay
Code of Professional Ethics and Conduct
In this regard, this body is tasked to form its rules and regulations that govern all members in good standing. Accountants have been under fire recently due to some corporate scandals caused by the actions of some of its members who use creative, imaginative and aggressive accounting techniques in contravention of its standards.
3 pages (750 words) Essay
Code of Professional Ethics & Conduct (4)
These sections are set to administer the performances of professional services by the certified public accountants (CPAs) and other members. The members include individuals in public practice, industries, parastatals and in education during the execution of their professional responsibilities.
4 pages (1000 words) Essay
Code of Professional Ethics and Conduct
The standards are related to the auditors’ independence, integrity and objectivity, general standards for accounting principles, responsibilities to clients and colleagues, and other responsibilities and practices. Inherently, violation of the code of professional conducts leads to the disciplinary measures.
3 pages (750 words) Research Paper
The University's Code of Conduct
Policy statement include that there is responsibility on the staff members to avoid any kind of harassment and unlawful discrimination that will cause a disciplinary action. Such a code of conduct destroys the working atmosphere and discourages the other staff members to work in the institution.
7 pages (1750 words) Lab Report
Ethics in Accounting Profession
Therefore, ethics is seen as a cornerstone in the accounting profession and failure to be ethical in their transactions, decisions and any activity accountants are involved in might result into the ultimate collapse of a company. Ethics in the accounting profession requires that there is integrity, honesty, truthfulness.
3 pages (750 words) Essay
United States surgical corporation audit papers
Identify audit procedures that, if employed by Ernst & Whinney during the 1981 USSC audit, might have detected the overstatement of the leased and loaned assets account that resulted from the improper accounting for asset retirements.
5 pages (1250 words) Article
Qatar Islamic Insurance Company

The author states that despite of tremendous local and regional competition, the company has achieved exceptional growth and revenue. The successful management structure of the company is reflected in its financial position and has facilitated flexibility. The company operations are influenced by Islamic principles.

5 pages (1250 words) Research Proposal
Find out how much would it cost
to get a custom paper written by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
YOUR PRIZE:
Apply my DISCOUNT