Integrated Ethics Education on Accounting †MyAssignmenthelp.com

Question: Discuss about the Integrated Ethics Education on Accounting. Answer: Introduction: The situation presented in the question is that the concerned firm named Mortdale Accounting firm did execute many auditing procedures of the companies that are public in nature in the last accounting year. The issue lies in the fact that the firm now provided these documents of audit to Penhurst Accountants because they were performing a task of conducting a quality review of the auditing procedures executed by Mortdale Accounting, but the firm did not previously inform the clients of this happening. This definitely does not meet with the ethical requirements of APES 110. The ethical principle of Confidentiality has been breached. This is because Mortdale Accounting should have never provided the document of audit without taking prior permission from its clients (Townsend 2014). The situation presented in the question is that Jan Dungog does apply to a local public accounting firm of Chartered Accountants in the want of a position but the issue lies in the fact that it requests the accounting firm in which she applies to refrain from contacting her current employer and then the situation becomes such that she is hired by the accounting firm without contacting her current employer. This definitely does not meet with the ethical requirements of APES 110. The ethical principle of Professional Behavior has been breached. This is because Jan should have been hired after providing relevant information to her employer (Townsend 2014). The situation presented in the question is that Wendal Sailor conducts audits of firms and in the due process often connects with the firms whose audit is being executed suggesting of the other required services before establishing the audit opinion finally. This definitely does not meet with the ethical requirements of APES 110. The principle of Integrity has been breached. This is because the firm does not follow a true and fair method for auditing the firms, instead it influences the client firms to commit fraud (Townsend 2014). The issue presented in the situation is that Judith Durham is a part of the audit team of a non-profitable charitable organization and is also associated with the Board of Directors of the same organization but its a honorary position and she is not consulted in any kind of functions related to management. This is not a breach of the ethical requirements of APES 110 until and unless Judith provides certain crucial information or influences the result of audit. If she does that then surely it would be a breach of the principle of Objectivity. This is because the audit results would not reflect a fair view of the financial condition of the organization (Martinov-Bennie, and Mladenovic, 2015). The situation presented in the question is that a certain firm of chartered accountants keeps its records stored in various computers of its office. In order to accommodate the obtained records of the Branch company it uses the computers in its office that is a certain portion of the accounting records of the Branch company are maintained in the computers of All good Chartered Accounting firm. This definitely does not meet with the ethical requirements of APES 110. The principle of Confidentiality has been breached as the crucial information of the client is not safeguarded and maintained without proper security (Martinov-Bennie, and Mladenovic, 2015). References Townsend, S.R., 2014. The regulation of auditor ethical behaviour in Australia: the problem of conflicts of interest and proposal for structural reform. Martinov-Bennie, N. and Mladenovic, R., 2015. Investigation of the impact of an ethical framework and an integrated ethics education on accounting students ethical sensitivity and judgment. Journal of Business Ethics, 127(1), pp.189-203.