Code of Proffessional Conduct Research Paper Example | Topics and Well Written Essays - 750 words

Code of Proffessional Conduct - Research Paper Example ents and future professionals in the accounting sector, it is therefore of utmost importance to understand these principals as well as their role in informing professional accounting and ethical organisational behaviour. The first guiding principle of the CPC as adopted by AICPA is the responsibilities principal which requires members to professionally sensitive and exercise moral judgements. Since professional accounts have a very essential role to play in society it is their responsibility to ensure public confidence in their work and promote the profession’s goal of governing itself. The public interest principle on the other hand places on professional accountants the obligation of putting the interest of the public at the forefront in all their actions. All stake holders including the customers, government, businesses investors and others heavily depend on work of accountants and as such they must win the trust of the public through highest standards of professionalism (AICPA, 2015). The third principle is integrity and whose goal is to ensure professional accountants discharge their duties in a manner that is rightfully just. They should be honest and adhere to highest levels of confidentiality while handling clients and ensure their personal gain does not subordinate service and the pursuit for public trust. The principle of objectivity and independence requires member to remain objective & independent in performing their duties and avoid conflicts of interests at all costs. Professional accountants are also guided by the principle of due care requiring them to consider professional, ethical and technical standards. They are expected to consistently to strive and improve their levels of competence, service quality and execute responsibility vested on them to the optimum of their ability. Finally there is the principle of scope and nature of services. It expects all professionals service the public in their practice to adhere to guidelines as per the CPC