1. Compare the AAOIFI Code of Professional Ethics with the IMA and AICPA Code of Professional Ethics.

Q: List the four IMA standards of ethical practice, and briefly describe each.

A: The four IMA standards of ethical practice are: 1. Competence: It states that the member should…

Q: definitions

A: Ans. For individuals belonging to various professions their are few code of conducts or ethics which…

Q: Which of the following is a reason to obtain professional certification?a. Certification provides…

A:

Q: Which of the following is NOT one of the AICPA Principles of Professional Conduct?

A: The AICPA (American Institute of Certified Public Accountants) Principles of Professional Conduct…

Q: What are three ethical principles that may provide some guidance for ethical responsibility?

A: Definition: Ethics can be defined as a conduct adopted by an individual in making the selection…

Q: What is a written system of standards that guides ethical conduct

A: The term "ethical conduct" describes conduct that adheres to moral standards and values. It entails…

Q: Why is it important for a CPA to promote professional services in an ethical manner? Do you believe…

A: Professionalism is the level of knowledge and expertise a person has in his profession. Work ethic…

Q: Which groups are covered under the three sections of the International Ethical Standards?

A: IES are the standards which are issued by the Internation Ethics Standard Board For Accountants…

Q: Citing an example, distinguish between ethical issues and legal issues.

A: Distinguish between ethical issues and legal issues. Ethics are moral obligations that are…

Q: What is Rule 203 of the Code of Professional Conduct?

A: This is the rule formed for the auditors for not misleading the customers and to follow FASB…

Q: ll of the following are overarching principles in the IMA Statement of Ethical Professional Practice…

A: IMA involves 4 principles that are required to be adhere within the organization. These principles…

Q: What is the AICPA's Code of Professional Conduct  and give some examples

A: AICPA stands for American Institute of Certified Public Accountants. It is the national premier…

Q: Describe what is the sequence of steps that provide a framework for analyzing ethical issues?

A: Ethics implies the arrangement of rules that the association ought to follow. While in business,…

Q: What type of internal control is establishing a code of ethics?

A: A code of ethics contains the principles and procedures guiding people to act in desired manner…

Q: Referring to the professional standards (AU-C 210), what is BDO’s responsibility with respect to…

A: BDO is Binder Dijker Otte, its basically a set of  world networks used for the processes of public…

Q: explain the three ethical principles that provide guidance for ethical responsibility

A:

Q: Explain professional association (PA)?

A: Accounting is primarily concerned with identifying, recording, measuring, summarizing transactions…

Q: Summarize your thoughts on the Zelf articles. (1-2 paragraphs). Do you regard the CPA profession as…

A: A Certified Public Accountant provides professional service to its clients. They generally provide…

Q: Under Rule 201, what best describes how an AIPCA member should act?   a.  With professional…

A: An auditor is a person who use to audit the book of accounts of client so as to give a true and fair…

Q: ?. How it should be recognized by salarized professionals as morally jistified .

A: Trust in authority is very different. Trust is not bred of fear, force, intimidation and rarely…

Q: Distinguish between ethical issues and legal issues.

A: Definition:   Ethics: Ethics are moral obligations that are enforced by society or personal beliefs.…