The membership of the AICPA has adopted the Code of Professional Conduct that is administered by the
Question:
The membership of the AICPA has adopted the Code of Professional Conduct that is administered by the Institute's Professional Ethics Division.
a. With the many general theories of ethics developed by philosophers and ethicists, why is it necessary or desirable for the profession to adopt such a Code?
b. In what respects, if any, does the AICPA's Code reflect the ethical absolutists and the ethical relativists schools of thought?
c. Identify an ethical dilemma that an auditor might face where answers to the questions
"What good do I seek?" and "What is my obligation in this circumstance?" would be relevant.
d. According to the Preamble to the AICPA's Code, to what three groups does the CPA have obligations or responsibilities?
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a It is necessary and desirable for a profession such as accounting to adopt a Code of Professional Conduct for several reasons Guidance The Code provides clear guidance on ethical principles and stan...View the full answer
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