ACCT 107 Lecture Notes - Lecture 18: Professional Code Of Quebec, Financial Statement, Insider Trading
21 Oct 2020
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Document Summary
Decision makers are susceptible to judgment traps or what is referred to as ethical blind spots. These are unconscious judgmental tendencies that can hinder the ethical decision making process or cause the decision maker to fail to recognize the ethical dimension of a choice. An example is failing to see an ethical issue because it is in our self-interest not to notice. The professional code of conduct in canada is both principles-based and compliance-based. Cpa ontario code of professional conduct: section 200 (public protection) Rule 201 maintenance of good reputation of the profession professional behaviour. Rule 205 false and misleading documents and oral representations. Rule 211 duty to report breaches of the cpa code. Rule 218 retention of documentation and working papers. Know the rules, no need to know the numbers. Members should behave in the best interests of their profession and the public. Accountants should not take advantage of the trust placed in them.
