Question

In: Accounting

As the Accounting profession evolves with advent of advanced technologies and new business models, ethical decision...

  1. As the Accounting profession evolves with advent of advanced technologies and new business models, ethical decision making

    I.

    Will become harder because the volume of data that requires analysis is large.

    II.

    Is fundamentally unchanged because AICPA Code defines specific scenarios between what is right and wrong.

    III.

    Will become more complex due to changing accounting rules, stakeholder and public interests.

    IV.

    Will become easier because technologies such as artificial intelligence will assist Accounts make decisions.

3 points   

  1. The following are specific confidential client information rules cited in the AICPA Code of Conduct except for  

    I.

    Disclosing Information to a Third-Party Service Provider

    II.

    Disclosure of Client Information to Third Parties

    III.

    Providing services to clients that are governmental entities

    IV.

    Disclosing Information to Clients

ISO Corporate Social Responsility Principles were developed primarily for large multi-national corporations and may have limited use for local state and small business entities.  

True

False

Solutions

Expert Solution

Part 1) OPTION B--------Is fundamentally unchanged because AICPA Code defines specific scenarios between what is right and wrong.

AICPA Code is the code of Professional Conduct. Basis fundamental code for application of ethics to applied in all circumstances whether in era of technology advancement or not.

Part 2) OPTION D-----Disclosing Information to clients

Confidential Client Information rules relates to disclosing confidential information of clients to others

Part 3) FALSE

ISO CSR goal is to contribute to global sustainable development,by encouraging business and other organizations to practice social responsibility to improve their impact on the workers , their natural environments and their communities.


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