Common Characteristics Of Confidentiality In Accounting
The Common characteristics of confidentiality between professional organizations There are many different professional accounting bodies worldwide, which fit the ethical requirements and guidelines that accounting professionals should comply. Confidentiality is one of the ethical requirements of the most important and explained by two of these professional bodies; Chartered Institute of Management Accountant (CIMA), the Institute of Management Accountants (IMA), will explore below are the common characteristics of each of these professional bodies on confidentiality in Management Accounting.
The Institute of Management Accountants The Institute of Management Accountants (IMA) is an expert organization headquartered in Montvale, USA. They are committed to helping you–and our more than 80,000 members–to expand your professional skills, better manage your organization, and enhance your career .The organization also has offices in many countries, such as Switzerland, UAE, and China. Its members work in business, with job responsibilities different from those in public accounting. IMA raises knowledge of management accounting, which includes jobs in decision support, planning and control positions. The committee of IMA on Ethics expects professional accountants to hold on the standards of ethics by adopting and executing ethical principles that rotate around fairness, responsibility, objectivity and honesty. Moreover, The IMA’s obvious and direct ethical standards,
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Aicca Rule 504
488 Words | 2 PagesUnder 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.
Est1 Task 1
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NCQA Compliance Report
969 Words | 4 PagesThe accredited organizations are expected to hold a certain degree of transparency, especially in performance-based payments (Schneider, 2011). The NCQA also puts a requirement on the ACOs to report their performance and even divulges the performance reports to the providers so that their performance can be assessed. Through the practices, the ACOs have adopted a lot of transparency. Transparency is not a simple process, but it serves as an imperative measure of performance. Organizations that demonstrate a lot of transparency tend to gain a good reputation (national committee quality assurance, 2014).
Confidentiality Assessment
1334 Words | 6 PagesMs. Lewis was referred by Maricopa county correctional health services to receive an evaluation for potential to transfer to the mental health unit. She was serving a 10-year sentence for manufacturing and possession of illegal substances. She had served 1-year of her sentence and reported symptoms of anxiety, obsessive rumination, and sleep disturbances. Notification of Purpose and Limits of Confidentiality Upon arriving for her appointment, the Informed Consent and confidentiality agreement was discussed both verbally and in writing with Ms. Lewis. The purpose of evaluation was reviewed along with mandated reporting laws and danger to self (DTS) and danger to others (DTO).
Cochlear Argument Essay
690 Words | 3 PagesSince the business environment is becoming more complex, global and digital, the role of accountant is changing dramatically. While globalization makes the word smaller it increases the complexity of the accountant’s role, particularly in a multinational organization like Cochlear. Correspondingly, understanding the law in those countries as well as the rules and regulations that business can comply with is required by accountants these days. Accountants also have to set the product price at an appropriate level that both
The Importance Of Accounting Memo
1616 Words | 7 PagesAn accounting memo should be a one-stop shop when it comes to forming a conclusion on an accounting issue. A company would reference an accounting memo to gather information regarding the transaction, accounting evaluation, and reason the position was taken on a problem or issue. The five critical components are listed below as a guide to prepare a professional accounting memo. I. Facts & Background • This section of a research memo is used to describe all the relevant background information to fully comprehend the needs of the transaction and the accounting behind it. •
Confidentiality In Law Enforcement
125 Words | 1 PagesI agree in the medical field or within law enforcement a persons confidentiality should not be protected, especially when the person is a harm to themselves and the community that they live in. For example, sexual predators or someone intending on doing harm to another isn’t afforded the same protect confidentiality as a person expressing a personal concern. Confidentiality can be violated when serious threat of harm is suspected, the clinician has the moral responsibility to protect the community from any person suggesting that they may do harm to himself or herself or another person. Dr. Ruth Bagshaw decision to notify law enforcement of her patients intent to possibly commit physical harm to young girl is a clear indication of why confidentiality
Professional Scepticism In Auditing
860 Words | 4 PagesThe 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
Inventory Valuation Analysis
1594 Words | 7 PagesHaving different accounting standards in the world is a problem for multinational public limited companies and investors in order to be able to compare and evaluate financial statements (Doupnik & Perera, 2009). Due to the economic and financial scandals and meltdown in recent years, the pressure has been increased on some countries such as United States. Therefore, it must eliminate the gap between the International Financial Reporting Standards (IFRS) and US Generally Accepted Accounting Principles (GAAP). The world of accounting diversity will have consequences on such changes, and the standard convergence of US GAAP with International Financial Reporting Standards also largely affect corporate management, investment, stock market, accounting personnel and accounting standard setters. In addition, the convergence of accounting standards will change the approach for international accounting harmonization to CPA and CFO, it affects the quality of international accounting quality standards and the effort made toward GAAP and IFRS convergence
Anz Business Ethics
879 Words | 4 PagesThe second case here will be looking at the other practices of another conglomerate in the other developed world, which are about the banking sector of ANZ in Australia (Aus) and New Zealand (NZ). The aim of the principles that will be explained here quite soon is to ensure the delivery of superior long-term total shareholder return, take proper account of employees, customers, and others that ANZ does businesses with including the communities and environments in which it operates. ANZ places its great importance to honesty, integrity, quality, and trust to build its market base. There are 8 codes of ethics and conducts of ANZ Royal listed herein: 1. We act in ANZ’s best interests and value ANZ’s reputation.
Importance Of Ethics And Integrity In The Workplace
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Ethical Issues In Accounting
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