- 15 Marks
MGE – May 2018 – L2 – Q3a – Ethics in Business
Explores the quality of professionalism required for accountants and the purpose of corporate code of ethics.
Question
There is an increasing demand for professional accountants to pay close attention to ethical standards as they carry out their professional duties. This requires, among other considerations, that accountants act professionally and in the public interest. They are also expected to abide by the code of ethics of their profession and the corporate code of ethics of the organizations in which they work.
i. As an Accountant, explain the quality of professionalism you need to exhibit in the discharge of your duties. (6 Marks)
ii. Discuss the nature and purpose of a corporate code of ethics. (9 Marks)
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