Are one or more of the fundamental principles found in codes of conduct more important than the rest? Why?
Answer to relevant QuestionsWas the "expectations gap" which triggered the Treadway and Macdonald Commissions, the fault of the users of financial statements, or the management who prepared them, or the auditors, or the standard setters who decided ...Many professional accountants know of questionable transactions, but fail to speak out against them. Can this lack of moral courage be corrected? How? Why don’t more professional accountants report ethical wrongdoing? Consider their awareness and understanding of ethical issues, as well as their motivation and courage for doing so?1. Keeping in mind that no compensation, nor accounting services, were ever received or provided, has Sam stepped “out of bounds”?2. What is your advice for Sam?3. What is your advice for Ruby?4. Given the alleged ...What is your advice?I think I have a problem. I am a professional accountant and work for a not-for-profit organization which operates a summer camp. We have obtained a legal opinion stating that a portion of our camp fees ...
Post your question