Question

describe  in detail Professional Ethics for CPAs and External Audits ( All aspects )\ with the references

Answer 1

Answer:

Professional ethics are principle that govern the behavious of a person or group in a business environment. like values, professional ethics provide rules on how a person should act towards other people and institiution in such an environment. Some professional organisation may define their ethical approach in term of a number of discrete components . Typically these include

• Honesty,
• Integrity,
• transparency,
• Accountability,
• Confidiencibility,
• Objectivity
• Respect
• Obedience to the law
• Loyalty

Professional ethics establishes a baseline for common decency, respect, fairness, and integrity in given business area. They provide a basis for positive and shared expectation about the nature or product and services.