Details: Because of recent financial disasters in the news, the board of directors of your company...

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Because of recent financial disasters in the news, the board of directors of your company decided that they wanted to ascertain that the organization’s code of ethics was appropriate and in agreement with the Code of Professional Conduct (CPC) as adopted by the American Institute of Certified Public Accountants (AICPA). Therefore, you have been asked to provide this assurance with a report to the CFO of your organization.
Create a report of 3–5 pages including thefollowing:

Review the 6 principles in the AICPA's CPC.
- State what you assess to be the primary purpose of each of the 6 principles.

Analyze the codes of conduct of at least 3 major public U.S. companies.

Include citations for each of these companies' codes of conduct.

Identify connections and relationships of the principles included.

Explain how the 6 principles relate to those identified in your analysis of the codes of conduct of the 3 chosen companies.

Prepare a recommended list of at least 7 essential elements that must be included in your organization’s code of conduct based on your analysis and assessment.

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ACCT450-1203B-01 Business and Professional Ethics for AccountantsAssignment Name:Unit 2 Individual ProjectDeliverable Length:3–5 pagesDetails:Because of recent financial disasters in the news, the board of directors of your company decided that they wanted to ascertain that the organization’s code of ethics was appropriate and in agreement with the Code of Professional Conduct (CPC) as adopted by the American Institute of Certified Public Accountants (AICPA). Therefore, you have been asked to provide this assurance with a report to the CFO of your organization. Create a report of 3–5 pages including the following: Review the 6 principles in the AICPA's CPC. State what you assess to be the primary purpose of each of the 6 principles. Analyze the codes of conduct of at least 3 major public U.S. companies. Include citations for each of these companies' codes of conduct. Identify connections and relationships of the principles included. Explain how the 6 principles relate to those identified in your analysis of the codes of conduct of the 3 chosen companies. Prepare a recommended list of at least 7 essential elements that must be included in your organization’s code of conduct based on your analysis and assessment.The following grading criteria will apply to this assignment: Grading Criteria30%Review the 6 principles in the AICPA's CPC. State what you assess to be the primary purpose of each of the 6 principles.30%Analyze the codes of conduct of at least major publicly traded U.S. companies. Include citations for each of these companies' codes of conduct. Identify connections and relationships of the principles included. Explain how the 6 principles relate to those identified in your analysis of the codes of conduct of the 3 chosen companies.40%Prepare a recommended list of at least 7 essential elements that must be included in your organization’s code of conduct based on your analysis and assessment. Objective:? Improve oral and written...

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Robert · Accepted Answer

Ethics in business is very important. The code of professional conduct of American Institutes 
of public accountants has two divisions like Rules and Principles while discussing about code 
of professional conduct. Frameworks for the rules have been provided by principles. .As per 
the AICPA code of professional conduct, there are six basic principles which may be used as 
the guide line by the accountants while practicing accountings. They are as below: 
i. Responsibilities. 
ii. The public interest. 
iii. Integrity 
iv. Independence and objectivity. 
v. Due Care 
vi. Scope and Nature of Services. 
For the above said six principles, the primary purpose would be good business ethics. Well 
defined set of professional code of conduct does have lots of value additions to the 
performance of the company. We are always of the view that a company following good code 
of professional conduct may be for employees, suppliers or any stakeholders has become 
successful.
Let us discuss and analyse code of professional conduct of three American companies, which 
are as below: 
Apple Incorporations: 
Apple Inc is committed towards the state of art working conditions and the people working 
with apple are being treated with honour and dignity. The company has code of ethics, which 
is applied to all the employees from lower level to the top level i,e to the extent of board 
level. The code of professional conduct has importance towards to the responsibilities which 
has been entrusted to each of the employees. The employees need to be of high integrity and 
do attend the works given to them on a time bound basis. The company always ensures that 
the employees are able to protect the interest of the public and add professional values to 
them. The company does file form 8 - K towards the code of conduct, with security exchange 
commission and the same is available in the websites of the company.

Details: Because of recent financial disasters in the news, the board of directors of your company decided that they wanted to ascertain that the organization’s code of ethics was appropriate and in...

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