Reference no: EM133099194
An individual's ethics is influenced by many factors. As a result, everyone's ethical reasoning differs. Companies and organizations create internal rules or codes of conducts to ensure consistent ethical behavior throughout the organization. The code of conduct outlines the expected employee behavior and potential consequences when violated. For accounting firms, the internal code of conduct is based on the expected professional conduct outlined by the American Institute of Certified Public Accountants (AICPA) Professional Code of Conduct.
You decide to open an accounting firm that specializes in clients with global operations. Many accounting firms have created their professional code of conduct. Through research, locate at least 3 published codes of conduct. Then, write your firm's professional code of conduct that includes the following:
How professionals in your organization approach culture and diversity issues
Expectation for ethical behavior and procedures that should be followed
Employee responsibilities if an ethical or legal breach of the code has occurred
Legal implications of the implemented code
Disciplinary actions for breach of the code
The AICPA Code of Professional Conduct can be accessed in this link.