Accounting Ethics and Professional Regulations Week One Assignment – AICPA Code of Professional Conduct AICPA Code of Professional Conduct The AICPA Code of Professional Conduct represents the principles that “are based on the values of the profession and the traits of character that enable CPA’s to meet their obligations to the public” (Mintz & Morris‚ 2011). The AICPA Code of Professional Conduct has six essential principles to guide them in the performance of their profession. The six essential
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Corporate Finance A Short Summary On Executive Compensation as an Agency Problem INTRODUCTION: This paper is briefly written on some important elements and points depicting the involvement of the managerial power over the executive compensation. This paper not only illustrates the problems created by the managerial power or the agency problem in between the managers and the shareholders but also reflects that’s the executive compensation is a problem by itself. Issues that have been focused
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Executive Pay. Some evidence suggests that there is a direct and positive relationship between a firm’s size and its top-level managers’ compensation. Explain what inducement you think that relationship provides to upper-level executives. I believe that top-level managers generally are compensated based on the size of the firm because of the risk‚ education‚ stress‚ hard work‚ and expected level of achievement that their job duties require. The top-level managers are expected to take a risk
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AICPA Code of Professional Conduct Name Course Date Instructor’s Name The American Institute of Certified Public Accountants (AICPA) code of professional conduct has more than 350‚000 certified public accountants belonging to the association. Since the majority of them belong to the association‚ the AICPA code of professional conduct is often used to discuss the ethical obligations in accounting. “There are six principles that make up the AICPA code‚ which include: responsibilities‚ the
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employees‚ middle managers and directors of the Company must respect our traditional code of conduct to ensure that all our business units behave and act in a consistent manner from ethically and legally. The Code of Conduct is the basis for the comprehensive and ongoing compliance of all corporate policies and procedures‚ in an open relationship among colleagues‚ which contributes to good business conduct‚ and a lasting positive perception of the integrity of our employees. Being considered as one
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NMC Code-Standards of conduct‚ performance and ethics for nurses and midwives. The people in your care must be able to trust you with their health and wellbeing. For this I will treat people in my care with equity and respect their dignity at all times. I will make the care of people my first concern. I will work with others to protect and ensure safe health and wellbeing of those in my care‚ their families and the wider community. I will provide a high standard of practice and care at all times
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The U.S. Constitution declares that the executive power shall reside in the President of the United States‚ and makes no mention of “executive departments”. It does go into detail about the structure or organization of the president’s branch of government. The framers of the Constitution knew what they wanted from the presidency‚ to include national leadership‚ statesmanship in foreign affairs‚ command in times of war‚ and enforcer of laws. They did not have a precise sense of how the office would
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After reading the student code of conduct‚ and as both a student and a professional in the work place‚ I’ve realized that it is important to follow a code of ethics and integrity in all aspects of life. For instance‚ using someone else’s work and claiming it as your own is unfair and dishonest‚ not only to yourself but to everyone else involved with the team. Taking credit for someone else’s work prevents you from learning new things‚ and in the end only stunts your growth as a student and a professional
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AICPA Code of Professional Conduct Founded in 1887‚ the American Institute of Certified Public Accountants (AICPA)‚ a voluntary association of CPAs‚ created a strict code of professional conduct (AICPA‚ 2012‚ pg. 1). The purpose of the code of conduct is to discuss the ethical obligations of CPAs and to provide guidance and rules to the members. The AICPA code consists of six principles or purposes for which the members abide‚ honor‚ and respect. “The principles include responsibilities; the
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In October 1988‚ Paula Perry‚ a research analyst for the brokerage firm Alexander and Ferris‚ was tasked to analyse the financial condition and performance of MiniScribe Corporation. The latter was a manufacturer of disk-drives for personal computers‚ and was rumoured to be experiencing cash flow and inventory problems. The objective of Paula’s analysis is to help her manager decide if MiniScribe Corporation should remain in Alexander and Ferris’ ‘Buy’ recommendation list or not. The case was therefore
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