Ethics and professional responsibility in the accounting profession will be the main areas of focus for this course. The students will have the opportunity to study cases or situations where ethical issues confront practitioners in this field.
1. Apply ethical reasoning based on the framework provided by American Institute of Public Accounts Code of Professional Responsibilities;
2. Examine cases involving financial reporting systems where ethical decisions have to be made;
3. Make ethical decisions when confronted with ethical dilemmas and understand the concept of auditor’s responsibility for fraud;
4. Adhere to the generally accepted accounting principles and generally accepted auditing standards.