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ACCT 525 Week 4 Homework Assignment Explanatory & Essay Type Answers (2 Papers) Recent

  • ACCT 525 Week 4 Homework Assignment Explanatory & Essay Type Answers (2 Papers) Recent
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ACCT 525 Week 4 Homework Assignment Explanatory & Essay Type Answers (2 Papers) Recent

 

This Tutorial contains 2 Papers


ACCT 525 Week 4 Homework Assignment; Explanatory & Essay Type Answers

Read “It’s Time for Principles-Based Accounting Ethics” which can be accessed through the DeVry online library. In 3-4 pages (12-pt type, double-spaced) answer the following questions:

1. Do you agree with the authors that a code of ethics should do more than establish minimum acceptable standards? Why or why not?

2.Describe the five cardinal virtues of professional accountants that the article’s authors discuss.

3.We’ve talked about rules-based versus principles-based accounting standards. Should we have rules-based ethics standards? Why or why not? Should they tell you exactly what to do in specific ethical situations?

4.Compare and contrast the AICPA’s Code of Professional Conduct and the IFAC Code of Ethics for Professional Accountants.
 

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