Which of the following statements best explains why public accounting, as a profession, promulgates ethical standards and establishes means for ensuring their observance? A. Ethical standards are established so that users of accounting services know what to expect and accounting professionals know what behaviors are acceptable, and so that discipline can be applied when necessary. B. Ethical standards that emphasize excellence in performance over material rewards establish individual reputations for competence and character. C. A requirement for a profession is to establish ethical standards that primarily stress responsibility
Which of the following statements best explains why public accounting, as a profession, promulgates ethical standards and establishes means for ensuring their observance?
A. Ethical standards are established so that users of accounting services know what to expect and accounting professionals know what behaviors are acceptable, and so that discipline can be applied when necessary.
B. Ethical standards that emphasize excellence in performance over material rewards establish individual reputations for competence and character.
C. A requirement for a profession is to establish ethical standards that primarily stress responsibility to clients and colleagues.
D. Vigorous enforcement of an established code of ethics is the best way to prevent unscrupulous acts.
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