BUS 111W Lecture Notes - Lecture 5: Accounts Receivable, Pearson Education, Credit Union

• School: University of Waterloo
• Department: Business (Wilfrid Laurier University)
• Course: BUS 111W
• Professor: high

Document Summary

4-1: identify and describe each of the three parts to the code of professional conduct. Also discuss which parts are officially enforceable and which are not. Answer: the three parts to the code are: principles: these establish ideal standards of ethical conduct stated in philosophical terms. They are not officially enforceable: rules of conduct: these are the minimum standards of ethical conduct stated as specific rules. They are officially enforceable: interpretations: interpretations of rules are intended to clarify the rules of conduct. They are not officially enforceable, but a practitioner must justify any departure. : 4-3 explain the auditors" ethical reasoning framework and apply it to resolving an ethical dilemma: kimora is a senior manager at a public accounting firm. Kimora was assigned to the audit of toble corp. Upon arriving at the client, kimora met with the controller, brad, who was a classmate in college, 20 years ago.