Академический Документы
Профессиональный Документы
Культура Документы
2003 Prentice Hall Business Publishing, Auditing and Assurance Services 9/e, Arens/Elder/Beasley
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Most people who commit such acts feel no remorse when they are apprehended because their ethical standards differ from those of society as a whole.
2003 Prentice Hall Business Publishing, Auditing and Assurance Services 9/e, Arens/Elder/Beasley
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Ethical Dilemmas
An ethical dilemma is a situati n a ers n faces in hich a decisi n must be made ab ut a r riate beha i r.
2003 Prentice Hall Business Publishing, Auditing and Assurance Services 9/e, Arens/Elder/Beasley
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Ethical Dilemma
A staff person has been informed that he will work hours without recording them as hours worked. Firm policy prohibits this practice. Another staff person has stated that this is common practice in the firm.
2003 Prentice Hall Business Publishing, Auditing and Assurance Services 9/e, Arens/Elder/Beasley
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2003 Prentice Hall Business Publishing, Auditing and Assurance Services 9/e, Arens/Elder/Beasley
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Quality control
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Rules of conduct
2003 Prentice Hall Business Publishing, Auditing and Assurance Services 9/e, Arens/Elder/Beasley
2003 Prentice Hall Business Publishing, Auditing and Assurance Services 9/e, Arens/Elder/Beasley
Interpretation of the rules of Interpretation conduct by the AICPA Division of Professional Ethics of the rules of conduct They are not enforceable, but a practitioner must justify departure.
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Ethical Principles
1. Responsibilities Professionals should exercise sensitive and moral judgments in all their activities. 2. Public Interest Members should accept the obligation to act in a way that will serve and honor the public.
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Ethical Principles
3. Integrity Members should perform all responsibilities with integrity to maintain public confidence. 4. Objectivity and Independence Members should be objective, independent, and free of conflicts of interest.
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Ethical Principles
5. Due Care Members should observe the professions standards and strive to improve competence. 6. Scope and Nature of Services A member in public practice should observe the Code of Professional Conduct.
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Independence
Independence means taking an unbiased viewpoint in performing audit tests. Independence in fact Independence in appearance ther sources of independence include:
SEC (revised in 2000), Sarbanes- xley Act 2002, Independence Standards Board (1997-2001), State Boards of Accountancy (rules of conduct)
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Joint investor or investee relationship with client (prohibited) Director, officer, management, or employee of a company (prohibited)
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Rules of Conduct
101 Independence 102 Integrity and objectivity 201 General standards 202 Compliance with standards 203 Accounting principles 301 Confidential client information
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Rules of Conduct
302 Contingent fees 501 Acts discreditable 502 Advertising and other forms of solicitation 503 Commissions and referral fees 505 Form of organization and name See Table 4-1 for complete definitions
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Enforcement
Action by AICPA Professional Ethics Division Action by a State Board of Accountancy Its all a matter of trust.
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End of Chapter 4
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