include building a better code of ethics through compliance with the

Include building a better code of ethics through

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include building a better code of ethics through compliance with the fundamental principles, being independent, and application of the conceptual framework. The fundamental principles, as outlined by the accounting regulatory bodies, including ensuring integrity through honesty at every procedure, being objective in the operations, ensuring professionalism and confidentiality in work ("New Take on Ethics and Independence," 2018). The accounting regulatory agencies urge the accountants to be independent while dealing with their respective assignments. For instance during any auditing process, review and Assurance services should ensure total independence. Some of the conceptual frameworks to be applied in the accounting field include the use of professional judgment tools to make the best decisions. Use of the facts available to make judgments and informed decisions ("New Take on Ethics and Independence," 2018). The use of reasonable third party tests to make better decisions and judgment.
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ETHICS AND INDEPENDENCE 3 The article further explains how the accounting regulatory agencies help in ensuring clarity in the activities of the account by providing guidelines on how to go about it. Besides, there are updates on the guidelines, which include professional accountants in business, professional accountants in public companies, amongst other accounting-related principles and regulatory requirements.
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ETHICS AND INDEPENDENCE 4 References A New Take on Ethics and Independence . (2018, December 1). Journal of Accountancy. - of-ethics-and-independence.html
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  • Fall '16
  • John Smith
  • Accountant, accounting field

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