ETHICS & PROFESSIONAL RESPONSIBILITIES

a. What is Ethics? List and describe 3 Theories of Ethical Behavior.

b. Why is it important for an Auditor to behave ethically?

c. Summarize the auditors professional responsibilities.

d. What is independence? An auditor may be independent of mind but not of appearance. Explain the difference between the two. Why are both important?

e. The auditors independence rules also apply to covered members. Who are covered members? List and describe 4 covered members.