PROFESSIONAL ETHICS
After studying this chapter, you should be able to
4-1 Distinguish ethical from unethical behavior in personal and professional contexts.
4-2 Resolve ethical dilemmas using an ethical framework.
4-3 Explain the importance of ethical conduct for the accounting profession.
4-4 Describe the purpose and content of the AICPA Code of Professional Conduct.
4-5 Apply the AICPA Code rules and interpretations on independence and explain their importance.
4-6 Understand the Sarbanes Oxley Act and other SEC and PCAOB independence requirements and additional factors that influence auditor independence.
4-7 Understand the requirements of other rules under the AICPA Code.
4-8 Describe the enforcement mechanisms for CPA conduct.