When discussing and evaluating professional ethics, it is essential to understand the purpose, terminology, and repercussions of professional misconduct. The American Institute of Certified Public Accountants (AICPA) code of professional conduct is the gold standard for defining professional conduct in accounting; it is therefore important for business professionals to be familiar with. In this discussion, you will explore one principle in depth and discuss it and others with your peers.

First, select one of the following principles of professional conduct to examine in the AICPA Code of Professional Conduct document:

• Responsibilities

• How would you define and describe your selected principle in your own words?
• What value does the principle bring to practitioners, businesses, and clients?
• What is an example of a difficult situation that a practitioner may face related to your selected principle, and what would an ethical response to the situation be? Why might a practitioner be tempted to, or accidentally, not take an ethical course of action?