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The Code of Ethics for Professional Accountants comprises: Integrity Objectivity Confidentiality Competence and Due Care QUESTIONS Discuss the following four situations with regards to the
The Code of Ethics for Professional Accountants comprises:
- Integrity
- Objectivity
- Confidentiality
- Competence and Due Care
QUESTIONS
Discuss the following four situations with regards to the Code of Ethics for Professional Accountants:
- Bill has been asked to advise Company A on the purchase of Company B, particularly around the value of Company B. Company A does not know that Bill is related to the CFO of Company B.
- Jill is an accountant for a small coffee shop. She was asked by her friend to see the accounting records of the shop, because the friend is thinking about opening a coffee shop herself and wants to know more about their profitability.
- Phil was asked to advise a client about tax issues in Vietnam. Phil is not familiar with tax requirements in Vietnam, but he does not want to lose the client, so he agrees.
- Will thinks that his client did not pay him correctly for previous services. To get back at the client, Will lies about accounting rules that impact the client.
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