Answered step-by-stepNOTE: Please refer to the terms Code and Standards in this section...
NOTE: Please refer to the terms Code and Standards in this section refers to the CFA Institute Code of Ethics and / or the CFAInstitute Standards of Professional Conduct.
Given the information in the journal article by Wyatt; Accounting professionalism - They Just
Don't Get It, comment on the following:
Required:
- In the article, when referring to larger accounting firms in the late 1980's and following, the author stated;
"The focus on professionalism diminished, and the focus on revenue growth and increased profitabilitysharpened".
This comment assumes an inverse relationship between these issues - that is, decreasedprofessionalism on the one side and revenue growth / increased profitability on the other. Do you agree with this comment given the information in the article? Justify your conclusions.
- Near the end of the article the author states;
"An ethical code is really a personal mind set and not a recitation of a series of "thou shalt
nots"".
Briefly reflect on what the author means by this comment and the focus on the individual's application to ethical codesof conduct.
Article link:
https://drive.google.com/file/d/1OIygO-imkSI4mQQpFCK1T85rZ2FEi6ue/view?usp=sharing
Answer & Explanation
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