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Answered: - ACCT525 Week 4 Assignment Read "It's Time for Pr


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Attached please find my assignment for your c


ACCT525

 

Week 4 Assignment

 

Read ?It's Time for Principles-Based Accounting Ethics? which can be accessed through the DeVry online

 

library. In 3-4 pages (12-pt type, double-spaced) answer the following questions:

 

1. Do you agree with the authors that a code of ethics should do more than establish minimum

 

acceptable standards? Why or why not?

 

2. Describe the five cardinal virtues of professional accountants that the article?s authors discuss.

 

3. We?ve talked about rules-based versus principles-based accounting standards. Should we have

 

rules-based ethics standards? Why or why not? Should they tell you exactly what to do in

 

specific ethical situations?

 

4. Compare and contrast the AICPA?s Code of Professional Conduct and the IFAC Code of Ethics

 

for Professional Accountants.

 


 

 


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