ipl-logo

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

Show More
Related

  • FASB Accounting Standards Codification Case Summary

    254 Words  | 2 Pages

    ABC offers separately priced extended warranties for appliances sold that are non-refundable and have no limits to the potential cost of honoring the warranty. Although ABC does track warranty profits and losses by appliance type, assume that no analysis has been performed to determine the rates at which cost are incurred throughout the warranty period. Assuming that manufacturer warranties provide coverage for the appliance for 1 year from the date of purchase, when should revenues and expenses of such warranties be recognized? FASB Accounting Standards Codification (ASC) topic 605-20-25-3 (Revenue Recognition) states that in regard to extended warranties “revenue shall be recognized in income over the period in which the seller is obligated

    Read More

  • NAADC Code Of Ethics Analysis

    449 Words  | 2 Pages

    The NAADC Code of Ethics are stipulations that dictate the attitudes and behaviors of people. The NAADC Code of Ethics provides guidance for individuals in the addictions behavioral health field to perform as honest and virtuous professionals. The codes suggest identifying your own strengths and weaknesses, skills, and areas that need improvement. The NAADC codes were established to direct the members. The regulations are the criteria of behavior for addiction experts.

    Read More

  • NAEYC Code Of Ethics Statement (Appendix A)

    1413 Words  | 6 Pages

    NAEYC Code of Ethical Conduct and Statement of Commitment (Appendix A) The administrators role in implementing Section I: Ethical Responsibilities to Children, is by ensuring that each child is in a safe and healthy environment, where each child’s needs are met. An ideal important from this section is 1-1.9, which states that each child whether disabled or not, has the same support services to succeed. This is important in the field of early childhood education, because each child has the right to learn, and succeed. It is a law that no child is left behind, and can receive the appropriate tools necessary to reach their full potential, whether disabled or not.

    Read More

  • Case Study New Kid On The Block

    1185 Words  | 5 Pages

    Additionally, AHIMA also compelled HIM professionals to avoid conflict of interest as they perform their professional obligation, which include the practice of unbounding to ensure the financial gains of the organization of their employment. Lastly, AHIMA compelled HIM professional to refuse to participate or conceal unethical practice or procedure of fellow employee, or organization, and HIM professionals are required to report such cases to the

    Read More

  • Sarbones Oxley Act Section 806 Case Study

    1423 Words  | 6 Pages

    In this specific situation I question Joe’s personal ethics. He accepted an expensive case of red wine, personal yacht rides/weekend outings with Bill and his wife. If this was a doctor, attorney, or insurance agent these gifts would be considered excessive and above and beyond the normal cost of doing business. Joe has an ethical duty to himself to be the best man/husband/salesman he can be.

    Read More

  • Nasw Code Of Ethics Analysis

    147 Words  | 1 Pages

    The NASW Code of Ethics provides social work practitioners with resources for ethical decision making, serving as a guide to professional code of conduct. The Code of Ethics is divided into four sections, which summarize the profession’s mission and values, an overview of the Code’s main functions which includes a guide for dealing with ethical issues and dilemmas, and it provides ethical principles which are based on the core values that inform practice (NASW, 2008). The NASW provides resources and useful information when faced with ethical decision making, such as ethics consultation. Through the application of the NASW Code of Ethics, my work is guided by values, ethical principles, and ethical standards. In this instance, the Code is

    Read More

  • Aac Code Of Ethics Case Study

    522 Words  | 3 Pages

    In regards to the scenario of the patient Cindy who had an affair while being married, one of the red flags that I noticed was AACC Code 1-143 counseling with family, friends and acquaintances. According to the scenario, Cindy, as well as her family, attend the same church as the counselor, but also know the counselor very well. This was a breach in ethics on the counselor’s part, because in the AACC code, it states in Code 1-143, “Christian counselors do not provide counseling to close family or friends.” (Clinton, Ohlschlager, and Hart; pg. 269). The counselor has already broken the ethics code by giving Cindy counseling advice, which is part of the AACC code 1-145 (pg.269).

    Read More

  • Nasw Code Of Ethics Analysis

    1179 Words  | 5 Pages

    Values Conflict in Homelessness The National Association of Social Workers (NASW, 2009) Code of Ethics is a guide to social workers’ practice by offering standards, values, and principles. The Code of Ethics is useful in facilitating the social workers’ decision-making process when he is presented with complicate ethical issues. Ethical issues arise with conflicting values, principles, and standards.

    Read More

  • AICP Code Of Ethics Case Study

    318 Words  | 2 Pages

    Planning is transforming socially, but to achieve change it has to bring together, politicians, planners, and residents (Sandercock, 2004). Citizen’s opinions and rights should be taken into consideration. It is the number one rule in the planning process for participants. It says, “recognize the rights of citizens to participate in planning decisions” (Ethical, n.d.). Cities cannot progress unless they change their ways of doing things.

    Read More

  • Essay On Fiduciary Duty

    1765 Words  | 8 Pages

    They must also comply with the relevant parts of the business judgment rule. “Duty of care” and “duty of loyalty” must be adhered

    Read More

  • College Education Essay

    767 Words  | 4 Pages

    “There are so many accountants but it’s so difficult to get somebody, who is a new graduate, but already knows [the job]. [Their] college education should have prepared them for that.” – Lucy Tarriela, Asst. Treasurer, Employers Confederation of the Philippines.

    Read More

  • Iamf Code Of Ethics Analysis

    412 Words  | 2 Pages

    When reading the IAMFC Code of Ethics and AAMFT Code of Ethics I found that they compare significantly, much more than they contrast. Many of the principals coincide. For example, the topic of multiple relationships is one of the many principles that parallel in many codes of ethics. The IAMFC Code of Ethics encourages family counselors to “avoid whenever possible multiple relationships, such as business, social, or sexual contacts with any current clients or family members” (Section A). Similarly, the AAMFT Code of Ethics also requires that therapists “make every effort to avoid conditions and multiple relationships with clients that could impair professional judgment or increase the risk of exploitation.

    Read More

  • Professional Scepticism In Auditing

    860 Words  | 4 Pages

    The professional judgement required is influenced by some professional traits such as the auditor’s experience and capability of the auditors training. In additional to the professional traits influencing the auditor’s judgement, the auditors is also influenced by behavioural and ethical traits. Auditors have a responsibly to ensure that ethical standards are upheld, ensuring the social exceptions of auditors

    Read More

  • Examples Of Unethical Behavior In Business

    1191 Words  | 5 Pages

    A) Introduction Unethical behaviors in business affect everyone since you either work in the field or are a consumer of its services. Unfortunately, almost every company usually has individuals who act unethically whether it is for their personal benefit or for the sake of the company they work for. Unethical behaviors in business might be as simple as using company property or funds for personal gain to inside trading and financial fraud. According to The Chartered Institute of Management Accountants, nearly one third of business professionals feel pressured to compromise their ethical standards and are increasingly pushed towards unethical behavior. Moreover, “misconduct is common and accepted by business services professionals, the integrity of entire economic systems is at risk”, states Jordan A. Thomas, partner and chair of the Whistleblower Representation Practice at Labaton Sucharow law firm.

    Read More

  • Importance Of Mathematics In Accounting

    972 Words  | 4 Pages

    These procedures include audits and tax consultation, which demands not just knowledge of the tax law but also of interest, gross profit calculations and other business concepts. Also, an accountant must be skilled in math in order to perform practically in any aspect of their job. If a person has an interest to pursue accounting courses, gaining a broader view of the overall accountant’s work will truly help a person to decide whether to enter the field or

    Read More

More about Aes 110 Code Of Accounting Ethics Paper

Open Document