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Aes 110 Code Of Accounting Ethics Paper

768 Words4 Pages

Individual Assignment

Each type of occupation has to be a guide, for an accountant, it is called accounting ethics that represents to the professional jugment and the value of practicing accounting.

• Competence

Li has been achieving an accounting core competency by being able to perform work in a efficient time. In addition, she is working as a tax manager for 6 firms in Sydney which means she must be able to maintain the professional level in developing her knowledge and skills. More than that, her performance has to be following the standards, regulations and laws, that means “turn a blind eye” is impossible.

• Integrity

The integrity makes an accountant working in a moral manner. According to APES 110 Code of Ethics for Professional Accountants (2010, …show more content…

When Li providing professional services, she obligates to act diligently in accordance with applicable technical and professional service.

• Legal work

A professional accountant must comply with relevant laws and regulations, all the work has to be done legally . Hence, Li must be avoiding Joe’s action by informing him the regulations and the consequence about that. In order to protect her reputation as well as the profession

• Public interest

Based on the APES 110 Code of Ethics for Professional Accountants, under section 100, it refers that “A distinguishing mark of the accountancy profession is its acceptance of the responsibility to act in the public interest’’. Hence, the responsibility of Li as an accountant is not exclusively to satisfy the needs from her clients. In acting in the public interest, Li has the right to reject the duty and offer from

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