Ethical Obligations & decisions making in Accounting

Ethical Obligations & decisions making in Accounting

TOPIC 1: Contrast and Compare AICPA Code

Discuss, contrast and compare, the provisions requiring ethical behavior in the AICPA Code of Professional Conduct (SEE UPLOADED FILES) to the provisions in the following

-Institute of Management Accountants Statement of Ethical Professional Practice (SEE UPLOADED FILES)
-Institute of Internal Auditors Code of Ethics (SEE UPLOADED FILES)
-New York Stock Exchange Listing Requirements (SEE UPLOADED FILES)
-The Sarbanes Oxley Act (SEE UPLOADED FILES)
-AICPA Statements on Standards for Tax Services (SEE UPLOADED FILES)

TOPIC 2: Auditor Independence

In many of the cases of fraudulent behavior discussed in Chapter 4 and in previous chapters, the failure to follow the AICPA Code of Professional Conduct Independence Rule has been a contributing factor to the fraud. The AICPA Code that is in this week’s Additional Reading includes new coverage of the Independence Rule that is important to members in public practice, in business and other. Also this Week’s video discusses the importance of Auditor’s Independence.

Discuss your thoughts on the Independence Rule and the related Interpretations to include any experiences you’ve had or have seen where lack of independence created problems. These can be experiences you have been a part of, observed, or read about. Also include in your comments your thoughts on the difference between lack of independence in fact and lack of independence in appearance.

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