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BFA502 – CPA Ethics and Governance

   

Added on  2020-02-24

10 Pages2146 Words64 Views
Running head: CPA ETHICS AND GOVERNANCE CPA Ethics and GovernanceName of the StudentName of the UniversityAuthors NoteCourse ID
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1CPA ETHICS AND GOVERNANCETable of ContentsIntroduction:...............................................................................................................................2Answer to requirement A:..........................................................................................................2Identification of ethical issues:...................................................................................................2Answer to query B:....................................................................................................................3Answer to (I)..............................................................................................................................3Answer to requirement B (II).....................................................................................................5Ethical approach for desired course of action:...........................................................................5Answer to requirement C:..........................................................................................................6Conclusion:................................................................................................................................7Reference List:...........................................................................................................................8
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2CPA ETHICS AND GOVERNANCEIntroduction: As set under APES 110 Code of Ethics for Professional Accountant is considered asone of the most vital set of accounting principles. The learning considers ethical issuessurrounding the case study by stating that the accountant must have the integrity in dischargeof their duties. The profession of accounting requires exact set of set of laws and regulations.Accounting can be defined as the procedure of recording and analysing the numerousfinancial transactions, which the business organization must comply with. The accountantsshould comply with the essential book-keeping principles (George et al., 2014). Answer to requirement A: Below listed are the two moral issue concerning this case are as follows; Issue 1: Inappropriate management of monetary secretarial reports that does not reflect a true and fairview of the company performance and this has resulted in the moral issue of integrity.Issue 2: Reserves for the community improvement programme was being wasted and this has resultedin the issues of Professional Competence and Due CareIdentification of ethical issues: The primary issue states that Out of two appointed accountant one of the accountantdid not had any experience in accounting. In spite of the inexperience of the newly appointedaccountants Andy has been at fault by constantly leaving the work of accounting for the
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