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BMIS – L1 – QD10 – Professional ethics in accounting and business

Describe differences between business and professional codes of ethics for accountants.

(a). Describe the main differences between a business code of ethics and a professional code of ethics for accountants.

(b). List five situations in which an accountant in business might face a moral or ethical dilemma. Provide guidance as to what constitutes appropriate behaviour in each situation.

(c). What is meant by acting in the public interest?

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PSAF- L2 – Q6.2 – Public Financial Management Systems

Discuss the transformed roles of various users (Budget Officers, Accountants, Procurement Officers, Internal Auditors, Principal Spending Officers, Vote Controllers) in public financial management due to NIFMIS implementation.

The Nigeria Integrated Financial Management Information System (NIFMIS) has significantly transformed the role of public servants in public financial management.

Required:

Discuss the role of the following users of the NIFMIS platform:

(a) Budget Officers;

(b) Accountants;

(c) Procurement Officers;

(d) Internal Auditors.

(e) Principal Spending Officers; and

(f) Vote Controllers.

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