The Simplest Expression for the Ethical Behavior
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Added on 2020-04-01
The Simplest Expression for the Ethical Behavior
Added on 2020-04-01
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Running head: ETHICSEthics: APES 110Name of Student:Student ID:Name of University:Author’s Note:
1ETHICSEthics are often been stated as the standards along with the rules that can be made use ofin judging what is correct and what if not in the behavior of the individuals. The simplestexpression for the ethical behavior is any sort of act that is being stated to be satisfactory to thecommunity along with their convictions and their prospects (George & Harvey, 2014). Ethics isoften been used as one of the significant values for any sort of professional body in developingthe professional conduct of its members through internal basis along with externally. Together,the professional accounting bodies have presented the code of ethics as APES 110 that is beingneeded for practicing by the professional accountants (Cheffers & Pakaluk, 2005). Having suchsort of codes are significant in gaining the trust of the public and the success of the profession ofaccounting along with certain other professions. For becoming a professional member it is imperative in understanding the importance ofethic in developing the professional conduct. In the business environment that is competitivepeople at times tend to behave in unethical manner. Such unethical behaviors generally have aconsiderable impact on the matters of the society. Society is mainly dependent on excellence ofinformation and the services offered by the standard professionals. Therefore, it becomessignificant for the professional bodies in having certain set of ethical rules in developingregulation contained by their members as they symbolize the professional body in public. APES 110 Code of Ethics for Professional Accountants (Code) is being subjected bythe Accounting Professional and Ethical Standards Board (APESB). This independent bodywas formed in 2006 as one of the main initiatives of CPA Australia and CharteredAccountants within Australia and also in New Zealand. According to Azimi & Naim, (2015),the main role and responsibility of APESB is in developing and issuing the professional and
2ETHICSethical standards for the interest of the public that relate to members of CPA Australia and theother two accounting bodies of Australia. This code is mainly based on the Code of Ethics for the Professional Accountantsconcerned by the International Ethics Standards Board for Accountants (IESBA) of thebody of International Federation of Accountants (IFAC) (Cheffers & Pakaluk, 2005).Members who have been practicing within Australia or anywhere across the globe needs tocomply with the code unless they are being prohibited from doing so by certain appropriateregulations and laws. The Code makes use of the words ‘shall’ for imposing an obligation on the firm or themember. This code is generally segregated into three parts where Part A is being applied to allthe members, Part B is being applied to the members in the practice public and Part C is beingapplied to the members in business. Proper conduct of disagreement of interests is one of the issues that crops up veryfrequently before the various punitive bodies. It is stated to be one of the most uncomplicatedsegments of Code of Ethics; it is a section where members emerge in tripping up on amazinglyregularly. Most of the members would in all probability position that they would certainly beidentifying if they were being conflicted. Ethical codes are taken in as the primary principles thatthe accounting professionals decide to abide by for enhancing their profession, maintaining thetrust of public along with demonstrating the factor of honesty. Section 220 of APES 110 statesthat conflict of interest generates a threat to the factor of objectivity and might produce threats tothe other fundamental standards (Clayton & Staden, 2015). A member should never allowconflict of interest in compromising the judgment related to professionalism or business.
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