Possible Points: 30
To discuss and evaluate professional ethics, you need to understand the purpose and terminology of ethical standards, as well as the repercussions of professional misconduct. The American Institute of Certified Public Accountants (AICPA) code of professional conduct is the gold standard for defining professional conduct in accounting; therefore, business professionals should be familiar with it. In this discussion, you will explore one AICPA principle in depth, then discuss it and others with your peers.
First, select one of the following principles of professional conduct to examine in the AICPA code of professional conduct:
- Responsibilities
- Public interest
- Integrity
- Objectivity and independence
- Due care
- Scope and nature of services
For your initial post, describe what appropriate practice of your selected principle would look like in the field. Also give some examples of violations of the principle. Use the following questions to help guide your description:
- How would you define and describe your selected principle in your own words?
- What value does the principle bring to practitioners, businesses, and clients?
- What is an example of a difficult situation that a practitioner may face related to your selected principle, and what would an ethical response to the situation be? Why might a practitioner be tempted to or accidentally not take an ethical course of action?
In your response to at least two peers, discuss actions and consequences that should be taken in response to a violation of their selected principle. Use the following questions to help guide your responses:
- What actions or strategies could you or others take to remediate the ethical issues?
- What are some repercussions of not abiding by your peer’s selected principle from a legal, business, or general professional perspective?
To complete this assignment, review the Discussion Rubric.
Discussion Rubric
| Criteria | Exceeds Expectations | Meets Expectations | Partially Meets Expectations | Does Not Meet Expectations | Value |
|---|---|---|---|---|---|
| Comprehension | Develops an initial post with an organized, clear point of view or idea using rich and significant detail (100%) | Develops an initial post with a point of view or idea using adequate organization and detail (85%) | Develops an initial post with a point of view or idea but with some gaps in organization and detail (55%) | Does not develop an initial post with an organized point of view or idea (0%) | 40 |
| Timeliness | N/A | Submits initial post on time (100%) | Submits initial post one day late (55%) | Submits initial post two or more days late (0%) | 10 |
| Engagement | Provides relevant and meaningful response posts with clarifying explanation and detail (100%) | Provides relevant response posts with some explanation and detail (85%) | Provides somewhat relevant response posts with some explanation and detail (55%) | Provides response posts that are generic with little explanation or detail (0%) | 30 |
| Clear Communication | Exceeds expectations with an intentional use of language that promotes a thorough understanding (100%) | Consistently and effectively communicates in an organized way to a specific audience (85%) | Shows progress toward meeting expectations, but communication is inconsistent or ineffective in a way that negatively impacts understanding (55%) | Shows no evidence of consistent, effective, or organized communication (0%) | 20 |
| Total: | 100% | ||||
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