APES 110 Code of Ethics for Professional Accountants

Individual
project
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Table of Contents
TOPIC - APES 110 CODE OF ETHICS FOR PROFESSIONAL ACCOUNTANTS...................3
INTRODUCTION ..........................................................................................................................3
MAIN BODY ..................................................................................................................................3
CONCLUSION ...............................................................................................................................5
REFERENCES................................................................................................................................6
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TOPIC - APES 110 CODE OF ETHICS FOR PROFESSIONAL
ACCOUNTANTS
INTRODUCTION
Professional accountants is considered a person who is expert in the accounting field as
they attain formal education as well as practical experiences. These people also do continuous
learning and development according to the several accounting standards which is comparable to
the IESBA Code of Ethics for Professional Accountants and IAESB (Bowles, Ghosh and
Thomas, 2020). The respective project is based on the topic APES 110 CODE OF ETHICS FOR
PROFESSIONAL ACCOUNTANTS. It is essential for accounting professionals to understand
respective code of ethics as that will help in conducting works in effective manner.
MAIN BODY
APES 110 CODE OF ETHICS FOR PROFESSIONAL ACCOUNTANTS is mainly
developed as well as issued by Accounting Professional and Ethical Standards Boards (APESB).
APESB is an self-governing body that is introduced in 2006 as an inventiveness of the CPA
Australia as well as Chartered Accountants in Australia and New Zealand (After that the institute
of Charactered Accountants in Australia). There are several followers of the APESB such as
CPA Australia, the Institute of Public Accountants as well as Chartered Accountants ANZ. The
main role of APESB is to create as well as issues professional as well as ethical values in respect
of public interest which apply to CPA members of Australia as well as it is also applicable to the
other two Australian accounting organisations (APES 110 CODE OF ETHICS FOR
PROFESSIONAL ACCOUNTANTS, 2020). The APES 110 CODE is generally created on the
code of Ethics for professional Accountants that are delivered or formed by the international
ethics standards boards for accountants (IESBA) which is part of the International Federation of
Accountants (IFAC). Along with this, associates who are working in the Australia or abroad
need to comply with code otherwise they ventilated from conducting so by specific law and
regulation applicable (Pan and Patel, 2020). In order to apply the requirements outline is
developed in the code as well as members are provided guidelines not only in words but also by
proper spirit of code. In APES 110 CODE OF ETHICS FOR PROFESSIONAL
ACCOUNTANTS, Responding to Non-compliance with Laws and Regulations (NOCLAR) is
considered as new section of code. It generally provide framework in order to provide guide
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