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APES110 Code of Professional Ethics in Accounting

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Added on  2020-04-07

APES110 Code of Professional Ethics in Accounting

   Added on 2020-04-07

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Essay 1Ethics: APES 110 Code of Professional Ethics in Accounting
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Essay 2IntroductionThis essay is developed to understand the ethical practices concerned to the code of practices that areadopted by the Australian Accounting Standard Board for the professional accountants too follow inrelation to generate public interest and confidentiality. It also includes the evaluation of APES 110 Codewhich is also crucial to strengthen the ethical standard that should also be followed by the professionalpractitioners under the CPA Australia.
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Essay 3Approach of APES 110 Code of Ethics for Professional Accountants Accounting profession is significant to influence the confidence of public through delivering the valuableservice to the clients. It is also stated that the public values can also be created by ethics andtransparency because everyone wants to have the actual information with her to characterize andpromote the standard corporate governance. Figure: Perception of Public Value(Source: Cpaaustralia, 2014) Australian accountancy board is lined up with the follow of rules and regulation in order to develop thepublic confidence and approach to the interest of the same for CPA members. Ethical codes aredeveloped by the top Australian bodies such as APESB, which is responsible for the issuing of ethicalcodes that are adopted by the accounting members in order to attract the general public towards thefair and ethical accounting practices (Smsfsuperauditors, 2012). At the same time, these codes areapplicable to the all Australian CPA members who are working in domestic or overseas county underwhich they are required to follows the ethical practices to make more approachable the accountingstandards at global level. Basically these codes are issued by the accounting body as International EthicsStandard Board for Accountants, to guide and impose the practice of ethical standards so that membershould easily aware and protect the interest of public and make the public more without biasness andundue influence of the another member or outside people and gimped to unethical practice. ACA is also an ethical accounting body that also enforces the member to ensure the ethical practice andfollow the fundamental principles to comply the professional members for not to indulge into the illicitactivity and may distort the professional regulation (Apesb, 2017). It is also stated that these ethical
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