ProfessionalEthics(英文版)(ppt45页)课件.ppt

Professional Ethics Chapter 3 Learning Objective 1 What are Ethics? Need for Ethics Why People Act Unethically Prescribed Ethical Principles A Person’s Ethical StandardsDiffer from General Society A Person Chooses toAct Selfishly – Example A Person Chooses toAct Selfishly – Example Learning Objective 2 Ethical Dilemmas RationalizingUnethical Behavior Resolving Ethical Dilemmas Resolving Ethical Dilemmas Ethical Dilemma Ethical Dilemma Learning Objective 3 Special Need for EthicalConduct in Professions CPAs Encouraged to ConductThemselves at a High Level CPAs Encouraged to ConductThemselves at a High Level CPAs Encouraged to ConductThemselves at a High Level Learning Objective 4 Code of Professional Conduct Code of Professional Conduct Code of Professional Conduct Ethical Principles Ethical Principles Ethical Principles Standards of Conduct Learning Objective 5 Independence Revision of SEC Auditor Independence Requirements Revision of SEC Auditor Independence Requirements Learning Objective 6 Independence Financial Interests Related FinancialInterests Issues Related FinancialInterests Issues Related FinancialInterests Issues Learning Objective 7 Rules of Conduct Rules of Conduct Learning Objective 8 Enforcement End of Chapter 3 Independence means taking an unbiased viewpoint in performing audit tests. Independence in fact Independence in appearance Ownership interests IT and other nonaudit services Audit committee Shopping for accounting principles Approval of auditors by stockholders Engagement and payment of audit fees by management Apply the AICPA Code rules and interpretations on independence and explain their importance. Rule 101 – Independence A member in public practice shall be independent in the performance of professional services as required by standards promulgated by bodies designated by Council. Interpretations of Rule 101 prohibit covered members from owning any direct investments in audit clients. Direct financial interest Indirect fina