- 20 Marks
BMIS – L1 – QD10 – Professional ethics in accounting and business
Describe differences between business and professional codes of ethics for accountants.
Question
(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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