Professional ethics in accounting and business

BMIS – Nov 2021 – L1 – Q2c – Professional ethics in accounting and business

Outline actions by accountants that demonstrate acting in the public interest.

Question

Although a professional code of ethics does not clearly define ‘public interest’, an Accountant would be deemed to be acting in the public interest when he takes certain actions to perform his duties.

Required:
Outline FIVE (5) of such actions. (5 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Accounting, Professional Conduct, Professional Ethics, Public Interest
Level: Level 1

Topic: Professional ethics in accounting and business
Series: NOV 2021

BMIS – Nov 2021 – L1 – Q2b – Professional ethics in accounting and business

Differentiate between a business code of ethics and a professional code of ethics for accountants.

Question

You have been invited as the Chief Operating Officer of Your Trusted Associates, a reputable Accounting and Management Consulting firm, to deliver the keynote address at a graduation ceremony for newly qualified Accountants.

Required:
In your address, differentiate between a “business code of ethics” and a “professional code of ethics” for Professional Accountants. (5 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Accountants, Business Ethics, Code of Conduct, Professional Ethics
Level: Level 1

Topic: Professional ethics in accounting and business
Series: NOV 2021

BMIS – Jul 2023 – L1 – Q1a – Professional ethics in accounting and business

Outlines ethical obligations of a company towards employees, customers, shareholders, suppliers, and the community.

Question

The basis for assessing excellent company performance is gradually moving away from profitability to how ethical the company operates and treats its stakeholders.

Required:
Outline TWO (2) ethical obligations of a company towards the following stakeholders.
i) Employees (2 marks)
ii) Customers (2 marks)
iii) Shareholders (2 marks)
iv) Suppliers (2 marks)
v) Community (2 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Corporate Social Responsibility, Ethics, Stakeholder Management
Level: Level 1

Topic: Professional ethics in accounting and business
Series: JULY 2023

BMIS – Aug 2022 – L1 – Q1a – Professional ethics in accounting and business

Explains five duties expected of those charged with governance in an organization.

Question

In 2017, some financial institutions in Ghana were placed under receivership. This was mainly due to poor corporate governance practices. Some of these practices were in clear violation of the duties and responsibilities of those charged with governance.

Required:

Explain FIVE (5) duties those charged with governance were expected to perform.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Corporate Governance, Duties of Governance, Ethics, Fiduciary Duty
Level: Level 1

Topic: Professional ethics in accounting and business
Series: AUG 2022

BMIS – Nov 2021 – L1 – Q2c – Professional ethics in accounting and business

Outline actions by accountants that demonstrate acting in the public interest.

Question

Required:
Outline FIVE (5) of such actions. (5 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Accounting, Professional Conduct, Professional Ethics, Public Interest
Level: Level 1

Topic: Professional ethics in accounting and business
Series: NOV 2021

BMIS – Nov 2021 – L1 – Q2b – Professional ethics in accounting and business

Differentiate between a business code of ethics and a professional code of ethics for accountants.

Question

Required:
In your address, differentiate between a “business code of ethics” and a “professional code of ethics” for Professional Accountants. (5 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Accountants, Business Ethics, Code of Conduct, Professional Ethics
Level: Level 1

Topic: Professional ethics in accounting and business
Series: NOV 2021

BMIS – Jul 2023 – L1 – Q1a – Professional ethics in accounting and business

Outlines ethical obligations of a company towards employees, customers, shareholders, suppliers, and the community.

Question

The basis for assessing excellent company performance is gradually moving away from profitability to how ethical the company operates and treats its stakeholders.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Corporate Social Responsibility, Ethics, Stakeholder Management
Level: Level 1

Topic: Professional ethics in accounting and business
Series: JULY 2023

BMIS – Aug 2022 – L1 – Q1a – Professional ethics in accounting and business

Explains five duties expected of those charged with governance in an organization.

Question

Required:

Explain FIVE (5) duties those charged with governance were expected to perform.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Corporate Governance, Duties of Governance, Ethics, Fiduciary Duty
Level: Level 1

Topic: Professional ethics in accounting and business
Series: AUG 2022

Topic: Professional ethics in accounting and business

Filter by Professional Bodies

Filter by Subject

Filter by Series

Filter by Topics

Filter by Levels

BMIS – Nov 2021 – L1 – Q2c – Professional ethics in accounting and business

Outline actions by accountants that demonstrate acting in the public interest.

BMIS – Nov 2021 – L1 – Q2b – Professional ethics in accounting and business

Differentiate between a business code of ethics and a professional code of ethics for accountants.

BMIS – Jul 2023 – L1 – Q1a – Professional ethics in accounting and business

Outlines ethical obligations of a company towards employees, customers, shareholders, suppliers, and the community.

BMIS – Aug 2022 – L1 – Q1a – Professional ethics in accounting and business

Explains five duties expected of those charged with governance in an organization.

BMIS – Nov 2021 – L1 – Q2c – Professional ethics in accounting and business

Outline actions by accountants that demonstrate acting in the public interest.

BMIS – Nov 2021 – L1 – Q2b – Professional ethics in accounting and business

Differentiate between a business code of ethics and a professional code of ethics for accountants.

BMIS – Jul 2023 – L1 – Q1a – Professional ethics in accounting and business

Outlines ethical obligations of a company towards employees, customers, shareholders, suppliers, and the community.

BMIS – Aug 2022 – L1 – Q1a – Professional ethics in accounting and business

Explains five duties expected of those charged with governance in an organization.

Our offerings

Contact Info

Customer

Get In Touch

Topic: Professional ethics in accounting and business

Filter by Professional Bodies

Filter by Subject

Filter by Series

Filter by Topics

Filter by Levels

BMIS – Nov 2021 – L1 – Q2c – Professional ethics in accounting and business

Outline actions by accountants that demonstrate acting in the public interest.

You're reporting an error for "BMIS – Nov 2021 – L1 – Q2c – Professional ethics in accounting and business"

BMIS – Nov 2021 – L1 – Q2b – Professional ethics in accounting and business

Differentiate between a business code of ethics and a professional code of ethics for accountants.

You're reporting an error for "BMIS – Nov 2021 – L1 – Q2b – Professional ethics in accounting and business"

BMIS – Jul 2023 – L1 – Q1a – Professional ethics in accounting and business

Outlines ethical obligations of a company towards employees, customers, shareholders, suppliers, and the community.

You're reporting an error for "BMIS – Jul 2023 – L1 – Q1a – Professional ethics in accounting and business"

BMIS – Aug 2022 – L1 – Q1a – Professional ethics in accounting and business

Explains five duties expected of those charged with governance in an organization.

You're reporting an error for "BMIS – Aug 2022 – L1 – Q1a – Professional ethics in accounting and business"

BMIS – Nov 2021 – L1 – Q2c – Professional ethics in accounting and business

Outline actions by accountants that demonstrate acting in the public interest.

You're reporting an error for "BMIS – Nov 2021 – L1 – Q2c – Professional ethics in accounting and business"

BMIS – Nov 2021 – L1 – Q2b – Professional ethics in accounting and business

Differentiate between a business code of ethics and a professional code of ethics for accountants.

You're reporting an error for "BMIS – Nov 2021 – L1 – Q2b – Professional ethics in accounting and business"

BMIS – Jul 2023 – L1 – Q1a – Professional ethics in accounting and business

Outlines ethical obligations of a company towards employees, customers, shareholders, suppliers, and the community.

You're reporting an error for "BMIS – Jul 2023 – L1 – Q1a – Professional ethics in accounting and business"

BMIS – Aug 2022 – L1 – Q1a – Professional ethics in accounting and business

Explains five duties expected of those charged with governance in an organization.

You're reporting an error for "BMIS – Aug 2022 – L1 – Q1a – Professional ethics in accounting and business"

Our offerings

Contact Info

Customer

Get In Touch

admin