Codes of Professional Conduct in Accounting - Essay Example

Only on StudentShare

Extract of sample
Codes of Professional Conduct in Accounting

A code of ethics ensures that the professionals do not get into conflicts with the society as the professionals become more aware of the limits to which their activities can go.
A code of ethics is important in that it specifies the ethical responsibilities of the accounting professionals something, which is meant to minimize any dilemmas that come whenever professionals act in contravention of the code of conduct1. The code of ethics for Accounting professionals is designed so as to ensure that, any issues facing the professionals and is likely to impact on the American society is taken care of. In addition, the code of ethics is more of guidelines, which specifies the extent to which a professional can go especially in regard to news, or reporting of a given event. The professionals' code of ethics for the Accounting professionals is also meant to protect the actions of the professionals from harming the American society and curb financial scandals.
For the Accounting professionals, honesty and trustworthy is indispensable. The professionals must always ensure that they are consistent otherwise they risk losing credibility. This is why a code of conduct is very central to the functioning of the Accounting professionals. ...Show more

Summary

American Accounting professionals need a code of conduct as a measure of ensuring that; the professionals uphold privacy, confidentiality, honesty, impartiality and trustworthy to the society in the process pf disseminating information and coverage of events.
Author : langoshcorine
Codes of Professional Conduct in Accounting essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"Codes of Professional Conduct in Accounting"
with a personal 20% discount.
Grab the best paper

Related Essays

Regulatory, Cultural and Ethical Dimensions to the Introduction of International Accounting Standards
The paper tells that accounting practices have from time to time been compiled by the desire and directive from corporate influences to harmonize rules and regulations of financial reporting to international standards. Publicly listed companies all over the world have the obligation of complying with International Accounting Standards in the interest of the public and more so, success of corporations as global entities.
9 pages (2250 words) Essay
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
Professional Code of Conduct NMC
Healthcare is one of the major pillars of the society. Owing to its importance, it has been accorded high attention and various medical practitioners have been trained to ensure quality service. Medical professionals include doctors, pharmacists, laboratory specialists, physiotherapists and nurses among others.
6 pages (1500 words) Essay
Essay on Professional Conduct
The general expectation for professionals is that they are expected to go through their roles with exemplary standards of conduct. This simply means that the standards should not be similar to those of ordinary people or less concerned individuals. In order to achieve the required standards of a professional nurse, it is compulsory for an individual to go through a very special educational program.
3 pages (750 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
Legal Professional Conduct Hypothetical
This attracts a maximum of 100 penalty units (Legal Profession Act, 2007). Warren Robinson misuses it for various search fees. Thus, Warren Robinson has violated section 248 (2) (b) and penalty for the breach is maximum 100 units. Warren also has breached section 249 (1) (a) and (b) which obligate the law practice to hold the trust money on Peter’s behalf and to disburse only as per Peter’s directions.
4 pages (1000 words) Essay
Business Codes of Ethics
It provides all stakeholders with a clear understanding of the procedures and processes at various levels of the organization. In other words it acts as the road map or set of guidelines to help the firm in acting and conducting itself in a socially and commercially
7 pages (1750 words) Essay
Codes of Conduct for Lawyers
Nevada stipulates specifically in “Nevada Rules of Professional Conduct: Adopted by the Supreme Court of Nevada 2006; amended 2007” the non acceptance of the ABA preamble and scope but effectually uses the ABA as a ‘skeleton guide’ unless amended and noted and
1 pages (250 words) Essay
Professional Code of Conduct Exercise
The CMAA code of ethics impresses on its members the need to heed the standards of practice. This requires them to uphold acceptable professional conduct and relevant laws (Ghillyer 12). The code also
3 pages (750 words) Essay
Ethics in Accounting
In this case, the appropriate way of handling the situation is to inform your friend that, the request they made to have future revenues recorded in the current accounting period is unethical. Explain to them that you are morally and ethically obliged to make accurate financial statements.
4 pages (1000 words) Essay
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