Question: 10-38: Visit the AICPAs web site and read Sections ET 50 to 57 of the Code of Professional Conduct and Bylaws. Prepare a memo to

10-38: Visit the AICPAs web site and read Sections ET 50 to 57 of the Code of Professional Conduct and Bylaws. Prepare a memo to your professor setting forth the important professional guidelines incorporated in the Code. For each principle you identify, provide an example of how that principle might impact you in your career as a forensic accountant.

The professional guidelines are:

1. "In carrying out their responsibilities as professionals, members should exercise sensitive professional and moral judgments in all their activities."

2. "Members should accept the obligation to act in a way that will serve the public interest, honor the public trust, and demonstrate commitments to professionalism."

3. "To maintain and broaden public confidence, members should perform all professional responsibilities with the highest sense of integrity."

4. "A member should maintain objectivity and be free of conflicts of interest in discharging professional responsibilities. A member in public practice should be independent in fact and appearance when providing auditing and other attestation services."

5. "A member should observe the profession's technical and ethical standards, strive continually to improve competence and the quality of services, and discharge professional responsibility to the best of the member's ability."

6. "A member in public practice should observe the Principles of the Code of Professional Conduct in determining the scope and nature of services to be provided."

PLEASE PROVIDE AN EXAMPLE OF HOW EACH OF THE ABOVE PRINCIPLES MAY IMPACT SOMEONE'S CAREER IN FORENSIC ACCOUNTING.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!