Week 3 - Why is There a Need for Ethics Flashcards
(6 cards)
1
Q
What is the first need for ethics?
A
Helps users build trust with you
2
Q
What is the second need for ethics?
A
Need to be trustworthy to provide assurance
3
Q
What is the third need for ethics?
A
Maintain reputation of professional accountants
4
Q
What is the fourth need for ethics?
A
Act in public interest
5
Q
What is the fifth need for ethics?
A
Meet legitimate interests of clients, government, employees, investors, financial institutions and the business and financial community
6
Q
What is the sixth need for ethics?
A
There is a reliance on accountants/auditors and their expertise
