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Explain the ifac code of ethics in accounting profession

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Reference no: EM132532491

The accounting profession through its body, the International Federation of Accountants (IFAC) has developed a Code of Ethics for Professional Accountants. The Code looks at the fundamental principles as well as specific issues which are frequently encountered by accountant in public practice, followed by those commonly faced by accountant in business.

Question a) State and Explain the IFAC Code of Ethics in Accounting profession.

Question b) State and Explain ten(10) problems arising for Accountants in practice.

Reference no: EM132532491

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