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American Institute Of Certified Public Accountants (AICPA) Principles

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After accessing the American Institute of Certified Public Accountants (AICPA) principles, I believe ethics is about what is respectable in a society to make individual moral conduct. The ethical Dilemma is being able to understand unethical situations, no matter the number of individuals involved or who has an appropriate action. You must report. The ethical Behavior in Accounting is about Certified Public Accountants (CPA) are the eye of the public. Their decisions are guided to be in line with practice standards. The AICPA integrity is about being honest with the organization about the financial standards and information. The independence and objectivity are about the approach to the audit of the financial information. Whether external or
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Under a research concerning the incorporation of public accounting, researchers have found articles related to it. AICPA once opposed in the incorporation of public accounting in reasons that it may fall under the management of non-accountants. (The CPA Journal Online) When Rule 505 of Code of professional Conduct was already existing (Practice of Professional Corporation), issues arises about the protection of an accountant as shareholder in the corporation. On October 1990, the Council of the AICPA amend Rule 505 of the AICPA Code of Professional Ethics to make it possible for CPAs to practice as "limited liability corporations.

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CHANGES TO THE CODE OF PROFESSIONAL CONDUCT The proposition of the restructuring of the AICPA so that its members can easily and effectively follow the rules and regulations. The body that is responsible for this restructuring is called the Professional Ethics Executive Committee. This body is going to achieve this by modifying the AICPA code into many parts.

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Jackie, you have written a strong informative discussion post evaluating the AICPA Code of Conduct on the principles of objectivity and independence. As you state in your post, objectivity is “being without compromise,” this is the deciding factor when an individual is left alone to decipher which path they are going to take in an ethical dilemma. To a non-Christian, it may mean to stay within the guidelines of the Code, or a “state of mind,” but to a Christian or an individual that follows a deontological ethical system, it is much greater than man made principles (Duska, Duska, and Ragatz, 2011, p. 87). Being without compromise is an absolute without contradiction, there can be no compromise with one’s decision or heart in the eyes of the

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The Auditing Standard ASA 200 (2015) defined Professional Scepticism as an attitude that: • includes a questioning mind; • being alert to conditions which may indicate possible misstatement due to error or fraud, and; • being critical to assessment of evidences. AUASB (2012) explained Professional Scepticism, as a fundamental mindset to finance professionals that enables professionals to be vigilant in any circumstances and situations that may lead to financial report be materially misstated. This mindset enables the appropriate implementation of professional judgement in audit decisions such as audit strategies and detailed plans, the assessment of evidence, the evaluation of management’s judgements and forming conclusions (AUASB 2012).

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It is essential for individuals and those representing an organization to understand what is an ethical dilemma. Wells Fargo financial corporation was involved in a dramatic ethical issue due to millions of unauthorized bank account openings. As explained in The PLUS Ethical Decision-Making Model, “many organizations battle to develop a simple set of guidelines that make it easier for individual employees, regardless of position or level, to be confident that his/her decisions meet all of the competing standards for effective and ethical decision-making” (n.d). The Wells Fargo scandal is evident prove that employees lacked ethical judgment and management supervision. The seven ethical decision-making steps foster straightforward thinking that

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I have incorporated Integrity in my placement thus far by, always being honest with my coworkers and clients. When my clients ask me a question, and if I know it I will answer it to the best of my ability. If I do not know the answer I would tell my client, “I will discuss their concerns with my supervisor.” Other ways I utilize integrity at my agency, is when I am tracking my field hours. I am honest with what I put down on my time sheets.

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Decisions taken within an organization are made by the leadership in light of the company’s culture, principles and policies. Leaders are the role models as they set the tone for the ethical stance of their individual followers, or the group they lead. As an ethical leader, they are expected to take responsibility and work to correct mistakes. They must ensure the company has an effective internal controls in place to identify unethical practices. In my opinion, big companies in their audit and compliance committees should have members who may act as ethicist to assess whether the actions of the company are consistent with the desired ethical

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Ethics are the moral principle that governs one 's behavior. It is imperative for one to have a moral compass when dealing with money belonging to someone else. There are different outcomes by intentionally altering financial records as well as stealing money. The worst possible repercussion could be death. One may face legal issues for not exercising positive ethical behaviors, such as embezzling.

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Nevertheless, I finished the required field work in time, thus managing account economics, and also built effective relationships with clients. This assignment built my manager’s confidence in me and increased my credibility in the firm. To me, definition of integrity is not limited to being honest. To me, integrity is the base of the trust my manager has in me. It is the foundation of the quality of relations I develop with my clients, colleagues, friends, and family.

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In most states the AICPA ethics exam is required to be taken after passing the CPA exam in order to finalize the certification or obtain the CPA license. This exam is take home and is completed online or by paper at the individual’s convenience. If taken online the results will be immediate after submitting the exam. It is also set up in a multiple choice format containing 40 questions and requires a 90% to pass (CPA Ethics Exam Tips, 2017). i. http://www.ais-cpa.com/cpa-ethics-exam/ b. I believe this component is included in the process as a reminder to the new CPA of how important ethical behavior is.

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To ensure that I am ethical in my cause of work, I make sure that I am guided by morality at the same time abide by the code of conduct of my bureau. Ethics in public administration is linked to accountability and transparency. Being accountable and transparent to the public is a key feature of a public administrator as they measure our effectiveness. Being accountable simply implies being answerable to our actions as public administrators. we should abide by laws and directives issued by government if it is in the interest of the majority.

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Ethical Dilemmas in the Workplace Business ethics issues are evolving. New issues come up and organizations must give guidance to employees about those issues. Ethics starts where the law and regulations end, so individuals are confronting the situation where no regulation or law exists. Moral dilemmas happen around our daily life, in the office, community, and in our society. Within any workplace, the codes of conduct will shape the ethics of the organizations.

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