What is an example of a difficult situation that a practitioner may face related to your selected principle, and what would an ethical response to the situation be?
6-2 Discussion: Professional Practice
To discuss and evaluate professional ethics, you need to understand the purpose and terminology of ethical standards, as well as the repercussions of professional misconduct. The American Institute of Certified Public Accountants (AICPA) code of professional conduct is the gold standard for defining professional conduct in accounting; therefore, business professionals should be familiar with it. In this discussion, you will explore one AICPA principle in depth, then discuss it and others with your peers.
First, select one of the following principles of professional conduct to examine in the AICPA code of professional conduct:
Responsibilities
Public interest
Integrity
Objectivity and independence
Due care
Scope and nature of services
For your initial post, describe what appropriate practice of your selected principle would look like in the field. Also give some examples of violations of the principle. Use the following questions to help guide your description:
How would you define and describe your selected principle in your own words?
What value does the principle bring to practitioners, businesses, and clients?
What is an example of a difficult situation that a practitioner may face related to your selected principle, and what would an ethical response to the situation be? Why might a practitioner be tempted to or accidentally not take an ethical course of action?
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