ACC M115 Lecture Notes - Lecture 28: Australian Securities Exchange, Capital Market
Document Summary
The nature of a profession and professional ethics. Some specialist accounting functions (e. g. auditing, taxation, liquidation) are subject to statutory requirements. Apes 110 code of ethics for professional accountants responsibility yto act in the public interest. The code sets out five fundamental principles: integrity, objectivity, professional competence and due care, confidentiality, professional behaviour. Compliance with the fundamental principles may be threatened by: self-interest threats, self-review threats, advocacy threats, familiarity threats, intimidation threats. Share markets and other markets for financial capital. To facilitate the buying and selling (trading) of shares among investors, share markets, organised as stock exchanges, developed. Over-the-counter" markets and other alternatives to major exchanges. Brokers, investment banks, market analysts and others conduct, assist in and advise on trading. Trading shares, trading of rights to buy or sell shares in the future ( warrant", options"), to convert from one kind of share to another, to receive dividends and to perform a wide variety of other future actions.
