6-2 Discussion: Professional Practice Available on Saturday, November 27, 2021 1

6-2 Discussion: Professional Practice Available on Saturday November 27 2021 11:59 PM EST When discussing and evaluating professional ethics it is essential to understand the purpose terminology and repercussions of professional misconduct. The American Institute of Certified Public Accountants (AICPA) code of professional conduct is the gold standard for defining professional conduct in accounting; it is therefore important for business professionals to be familiar with. In this discussion you will explore one principle in depth and discuss it and others with your peers. First select one of the following principles of professional conduct to examine in the AICPA Code of Professional Conduct document: Responsibilities Public interest Integrity Objectivity and independence Due care Scope and nature of services Then for your initial post reflect on what appropriate practice of your selected principle would look like in the field and also on some potential examples of violations of the principle. Use the following questions to help guide your reflections: How would you define and describe your selected principle in your own words? What value does the principle bring to practitioners businesses and clients? What is an example of a difficult situation that a practitioner may face related to your selected principle and what would an ethical response to the situation be? Why might a practitioner be tempted to or accidentally not take an ethical course of action? In your response to at least two peers discuss actions and consequences that should be taken in response to a violation of their selected principle. Use the following questions to help guide your responses: What actions or strategies could you or others take to remediate the ethical issues? What are some repercussions of not abiding by your peers selected principle from a legal business or general professional perspective?

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