Two codes of ethics Accounting Code: https://www.natptax.com/AboutNATP/WhatisNATP/Pages/StandardsofProfessionalConduct.aspx Finance Code: https://www.investopedia.com/articles/financialcareers/09/professional-standards-ethics.asp Thoroughly review one accounting...
Thoroughly review one accounting and one finance code of ethics.
Apply, compare and contrast the two codes of ethics you selected and include information:
Which main topics appear in both?
Which main topics only appear in accounting or finance?
To what extent are the codes of ethics suggested behaviors or legally binding? Be specific.
Are penalties for failure to follow the code of ethics stated in the code?
If so, how are they similar? How do they differ?
If not, where would an accountant or financial manager find penalties for violating the codes?
Which behaviors, if any, could result in going to prison?
Are the risks of going to prison for failure to follow the codes of ethics higher for accountants and or financial managers?
To what extent has your research on professional ethics shifted your planned career focus?
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The two codes I chose were 1. Act with honesty and integrity, avoiding actual or apparent conflicts of interest in personal and professional relationships. 2. A professional accountant should be straightforward and honest in all professional and business relationships Apply, compare and contrast the two codes of ethics you selected and include information: Which main topics appear in both? Which main topics only appear in accounting or finance? To what extent are the codes of ethics suggested behaviors or legally binding? Be specific. Are penalties for failure to follow the code of ethics stated in the code? If so, how are they similar? How do they differ? If not, where would an accountant or financial manager find penalties for violating the codes? Which behaviors, if any, could result in going to prison? Are the risks of going to prison for failure to follow the codes of ethics higher for accountants and or financial managers? To what extent has your research on professional ethics shifted your planned career focus?
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