Ethics In Accounting Final Exam.docx - UCD Extension –...

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UCD Extension – Ethics in Accounting Final Exam Monique Smalling 175 points Please discuss three types of conduct that are discreditable to the accounting profession. Please also discuss the Moral Character requirement for obtaining and retaining a license as a CPA . The Acts Discreditable Rule forbids accountants from committing acts that discredit the profession of accounting. (AICPA Code of Conduct ET 1.400.001) Acts Discreditable Rule According to Code of Conduct, any accountant who has committed any of the following acts have committed a discreditable act. Discrimination If a court determines an accountant has violated "any of the antidiscrimination laws of the United States or State or any state or municipality thereof, including those relating to sexual or other forms of harassment. (AICPA Code of Conduct ET 1.400.010) Discrimination and Harassment in Employment The United States have some of the strongest antidiscrimination in the world. In 1964 the landmark federal Civil Rights Act of 1964 was signed by President Lyndon Johnson making it the first prohibited "… most pernicious forms of discrimination, including racial segregation in school, work, and public facilities." (Ethics in Accounting a Decision-Making Approach Chapter 8, pg.157) The act also prohibits discriminations based on color, race, religion, sex or national origin. The age discrimination Act followed the Civil Rights Act in Employment of 1967 Act; this act is intended to ensure workers, and job applicants over 40 will not discriminate against treated unfairly because of their age.
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With the passage of time new antidiscrimination laws have and will continue to be enacted. Laws such as the Americans with Disabilities Act; his act mandates employers provide adequate accommodations for qualified employees and job applicants with physical and mental disabilities. There are criticisms of the prohibition against the Code of Conduct adherence to the antidiscrimination stance. There are those who believe the profession should only enforce antidiscrimination rules when serious misconduct has taken place. As an example, some question rationally of the Code of Conduct classifying violations of antidiscrimination laws as discreditable acts but not expressly condemn other grave violations of the law. For example, embezzling funds from a charity for cancer would bring shame to the profession; the Code of Conduct does not explicitly state embezzlement as a discreditable act. There is no ambiguity with regards to the Code of Conduct as it pertains to the Code of Conduct and sexual harassment. The Code of Conduct states "A member would be presumed to have committed an act discreditable to the profession, in violation of the "Acts Discreditable Rule" if a final determination, no longer subject to appeal, is made by a court. Or an administrative agency of competent jurisdiction that a member has violated any antidiscrimination laws of the United States, state, or municipality, including those related to sexual and other forms of harassment". (AICPA Code of Conduct ET Section 3.400.010).
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