NOTE: 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