Codes of Conduct Usefulness Motivate through peer pressure Stable permanent guides to right and wrong Guidance in ambiguous situations Control autocratic power of employers Specify social responsibilities of business In the interest of business Reduces outside intervention

CODE OF PROFESSIONAL CONDUCT AICPA Principles Exercise sensitive professional and moral judgments in all activities Accept obligation to: Serve the public interest Honor the public trust Demonstrate commitment to professionalism Perform with highest sense of integrity

CODE OF PROFESSIONAL CONDUCT AICPA Principles Maintain objectivity and be free of conflicts of interest Independent in fact and appearance Observe technical and ethical standards Improve competence & quality of service Observe the Principles of this Code in determining the scope and nature of services provided

STANDARDS OF ETHICAL CONDUCT Institute of Management Accountants Competence Ongoing development of knowledge and skills Confidentiality Refrain from disclosing information Integrity Avoid actual or apparent conflicts of interest Objectivity Communicate fairly and objectively Full disclosure