Ch 4a Flashcards
1
Q
What are core ethical values
A
1) responsibility
2) Trustworthiness
3) Caring
4) Citizenship ( obeying laws and adhering to norms)
5) Fairness
6) Respect
2
Q
Ethics
A
a set of moral principles or values
3
Q
Resolving ethical dilemmas
A
1) obtain the relevant facts
2) Identify the ethical issues from the facts
3) Determine who is affected
4) identify alternative available to the person who must resolve the dilemma
5) Identify the likely consequence of each alternative
6) Decide the appropriate action
4
Q
What are codes of conduct in a CPA firm
A
1) CPA exam
2) GAAS and interpretations
3) Continuing education requirements
4) Legal liability
5) AICPA practice sections
6) Code of professional conduct
7) PCAOB and SEC
8) Peer review
9) Quality control
