Assurance - Code of Professional Conduct

Question 1

What are the codes of professional conduct and for CPAS required to maintain

Answer 1

• Code of professional conduct - CPA provides fair financial and management reporting & business practices are set of
• CPAs are to maintain the integrity and build confidence, protect the public achieve orderly, courteous conduct must follow the code of professional conduct

Question 2

What are the characteristics of the profession

Answer 2

1. Master their intellectual skills, lengthy training, and provide service to other
2. A specialized code of ethics that are expected to follow
3. Acceptance of being acceptable by peers

Question 3

Five fundamental principles that CPA expected to use

Answer 3

• Personal character and ethical conduct
• Ethical conflict resolution
• Principles governing firm responsibilities (for public practice firm)

Question 4

What are the key principles

Answer 4

1. Integrity and due care
2. Professional competences
3. Confidentiality
4. Objectivity
5. Professional behaviour