TAILIEUCHUNG - Lecture Auditing and assurance services (8e) - Chapter 19: Professional conduct, independence, and quality control

After reading the material in this chapter, you should be able to: Know the definitions and general importance of ethics and professionalism, be able to explain three basic theories of ethical behavior, understand how to deal with ethical challenges through an example situation, know how professional ethics standards for auditors have developed over time and the entities involved,. | Chapter 19 Professional Conduct, Independence, and Quality Control McGraw-Hill/Irwin Copyright © 2012 by The McGraw-Hill Companies, Inc. All rights reserved. Ethics and Professional Conduct Ethics Professionalism Refers to a system or code of conduct based on moral duties and obligations that indicate how an individual should interact with others in society Refers to the conduct, aims, or qualities that characterize or mark a profession or professional person LO# 1 19- Theories of Ethical Behavior Utilitarianism Rights-Based Approach Justice-Based Approach Recognizes that decision making involves trade-offs between the benefits and burdens of alternative actions and focuses on consequences and on individuals affected Assumes that individuals have certain rights and other individuals have a duty to respect those rights when making decisions Is concerned with issues such as equity, fairness, and impartiality LO# 2 19- Standards for Auditor Professionalism LO# 4 19- The AICPA Code of Professional Conduct: A Comprehensive Framework for Auditors Principles of Professional Conduct Rules of Conduct Interpretations of Rules of Conduct Rulings by the Professional Ethics Executive Committee (PEEC) LO# 5 19- LO# 6 Principles of Professional Conduct 19- Rules of Conduct LO# 7 19- Independence Financial Statement Reviews Financial Statement Audits Other Attest Services as defined by SSAEs Rule 101 A member in public practice shall be independent in the performance of professional services as required by standards promulgated by bodies designated by Council. Interpretation 101-1 “Covered members” must be independent. LO# 8 19- SEC and PCAOB Independence Requirements for Audits of Public Companies The SEC’s rules are predicated on three basic principles of auditor objectivity and independence: An auditor should not audit his or her own work. An auditor should not function in the role of management. An auditor should not serve in an advocacy role .

TAILIEUCHUNG - Chia sẻ tài liệu không giới hạn
Địa chỉ : 444 Hoang Hoa Tham, Hanoi, Viet Nam
Website : tailieuchung.com
Email : tailieuchung20@gmail.com
Tailieuchung.com là thư viện tài liệu trực tuyến, nơi chia sẽ trao đổi hàng triệu tài liệu như luận văn đồ án, sách, giáo trình, đề thi.
Chúng tôi không chịu trách nhiệm liên quan đến các vấn đề bản quyền nội dung tài liệu được thành viên tự nguyện đăng tải lên, nếu phát hiện thấy tài liệu xấu hoặc tài liệu có bản quyền xin hãy email cho chúng tôi.
Đã phát hiện trình chặn quảng cáo AdBlock
Trang web này phụ thuộc vào doanh thu từ số lần hiển thị quảng cáo để tồn tại. Vui lòng tắt trình chặn quảng cáo của bạn hoặc tạm dừng tính năng chặn quảng cáo cho trang web này.