ACC 260 WEEK 1 DQ 1 - 14. Why is it important for a...

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Week 1 CheckPoint: Ethics in the Accounting Profession Due Date: Day 5 [post to the Individual forum] Answer questions 13 and 14 on p. 25 of the text.
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13. Is a professional accountant a business person pursuing profit or a fiduciary that is to act in the public interest? A professional accountant is a business person that is acting as a fiduciary that is to act in the public interest. Accountants must up hold higher ethical standards than most professions; which means confidence when managing money between several different parties.
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Unformatted text preview: 14. Why is it important for a professional accountant to understand the ethical trends discussed in this chapter? It is important for an accountant to understand the ethical trends because it gives them the knowledge to make the right ethical choices. It also gives them the information needed to protect the company they work for and also the companys shareholders. An accountants number one asset is his or hers high ethical standards....
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This note was uploaded on 11/21/2011 for the course ACC 260 260 taught by Professor Riley during the Spring '11 term at University of Phoenix.

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ACC 260 WEEK 1 DQ 1 - 14. Why is it important for a...

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