An accounting association established a code of ethics for all members. The most likely primary purpose for establishing the code of ethics was to: a Outline criteria for professional behavior to maintain standards of competence, morality, honesty, and dignity within the association. b Establish standards to follow for effective accounting practice. c Provide a framework within which accounting policies could be effectively developed and executed. d Outline criteria that can be utilized in conducting interviews of potential new accountants.
An accounting association established a code of ethics for all members. The most likely primary purpose for establishing the code of ethics was to: a Outline criteria for professional behavior to maintain standards of competence, morality, honesty, and dignity within the association. b Establish standards to follow for effective accounting practice. c Provide a framework within which accounting policies could be effectively developed and executed. d Outline criteria that can be utilized in conducting interviews of potential new accountants.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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An accounting association established a code of ethics for all members. The most likely primary purpose for establishing the code of ethics was to:
a
Outline criteria for professional behavior to maintain standards of competence, morality, honesty, and dignity within the association.
b
Establish standards to follow for effective accounting practice.
c
Provide a framework within which accounting policies could be effectively developed and executed.
d
Outline criteria that can be utilized in conducting interviews of potential new accountants.
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