The Ethics Of The Professional Code Of Ethics - 1222 Words

Dear Ms Natalie My name is Yunyao Zhu, the audit manager of the audit firm Reliableaudits Co. whom has been allocated to the audit of the companies below which I will further discuss each company situation review. I will describe the possible threats to companies’ independence with respect to appropriate section of the Professional Code of Ethics. Lastly, under each company review, I will also propose necessary recommendations in order for Reliableaudits Co. to safeguard against potential independence threats that have been identified. 1. Jatbulla Ltd. This case has two threat, self-interest threat and self-review threat. Self-interest refers to the possible threat when an accountant or its staff has a financial benefit to the audit client (Campbell et al., 2013).In section 200.4 of APES 110, The firm is worried about high risk of losing a major customer (Campbell et al., 2013).In this case, Jatbulla Ltd is our new client, so managers might be directly or indirectly influenced to keep this client as being a public interest entity in section 290.26, due to their large number and wide range of stake holders, it is necessary to consider these few factors like size and number of employees, the type of the business inclusive of financial establishments like banks. I would recommend rules and regulations within an accounting firm detecting any staff with commercial interest in an assurance client and regulations in barring commerce dealings with regulars. Self-review threatShow MoreRelatedEthics Code Of Professional Ethics980 Words   |   4 Pagesthe importance of AICPA’ â€Å"Code of Professional Ethics† and its components, and the influence of management perceptions on firms’ ethical environment (p. 919). Introduction. The authors study business ethics, compliance with ethics code, ethical issues, and ethical behavior of company management. The researchers concern with ethical believes of company employees and executives, and growing number of legal proceedings due to ethical issues. The ethics code help professionals maintaining independenceRead MoreA Professional Code Of Ethics1283 Words   |  6 Pagesglobalization. As members of the student body, University of the People students must understand the detriments of plagiarism, piracy and ensure they protect Intellectual Property and respect copyright laws. 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Members have the opportunity to express their opinionRead MoreCode of Ethics for Computer Professionals1134 Words   |  4 PagesMost professions have codes of ethics and for the same reasons computer professionals need a code of ethics. Professions that have been in existence for many more years than the information profession have had time to recognise their ethical responsibilities. In the information field it can be more difficult to immediately recognise who is affected by the actions of an individual or organisation. This does not mean that information professionals have no moral responsibilitie s. It is common acrossRead MoreMy Professional Code Of Ethics1208 Words   |  5 Pagesâ€Å"Ethics is knowing the difference between what you have a right to do and what is right to do† said Poher Stewart (Lindstrom, 2012). Public health professionals follow a code of ethics in order to better serve their community by respecting the rights and choice of the individual they are helping. In this paper, I will list my professional code of ethics as a healthcare professional and provide examples of how I apply it to better serve my community and the athletes individually. Introduction PublicRead MoreCode Of Ethics : Professional Counselor799 Words   |  4 Pagesdifferent professional counselor. She also, requested all records, the clinical case notes written by the counselor during her counseling sessions, and the clinical case notes her current counselor received from her previous counselors. The counselor breached code B.6.e ACA Code of Ethics because she refused to give the client a copy of the clinical case notes recorded during her therapy sessions. The counselor stated, â€Å"The notes I’ve written will not be very helpful to you†. This code informs usRead MoreEthics And Professional Codes Of Conduct878 Words   |  4 PagesEthics and Professional Codes of Conduct (Unit 10), Trump won the president in this month. After two months, Donald Trump will be the official president. However, the concerns about his ethics is upcoming to everyone’s mind. As we known, The Trump Organization runs a lot of business all around the US. When Donald Trump moves into the White House, he ll be the most controversial president in America history. After Trump is the president, his business interest is related to the politic. But there