ACCT 525 Week 4 Homework Assignment: Code of Ethics
- Do you agree with the authors that a code of ethics should do more than stablish minimum acceptable standards? Why? Or Why not?
- Describe the five cardinal virtues of professional accountants that the article’s authors discuss.
- We’ve talked about rules-based versus principles-based accounting standards. Should we have rules-based ethics standards? Why or why not? Should they tell you exactly what to do in specific ethical situations?
- Compare and contrast the AICPA’s Code of Professional Conduct and the IFAC Code of Ethics for Professional Accountants.
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