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1. Why should business organizations adopt a Code of Conduct? Please explain. (Note: Code of conduct - a document that translates the code of ethics

1. Why should business organizations adopt a Code of Conduct? Please explain. (Note: Code of conduct - a document that translates the code of ethics into specific rules regarding behaviors and practices that are prohibited or required) 2. Enumerate the five fundamental principles in Accounting (Code of Ethics for Professional Accountants in the Philippines), explain each briefly and provide relevant examples of each principle.

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