1. Professional Ethics Issues: A National Perspective

2. A National Perspective Ethical issues arise in all organizations both private and public sector. Ethical issues arise in all organizations both private and public sector. In the public sector the causes are often tied more to the position and the related power and less to the direct compensation received from the organization. In the public sector the causes are often tied more to the position and the related power and less to the direct compensation received from the organization. In the private sector issues are often driven by direct compensation and by the value of stock that is to be received. In the private sector issues are often driven by direct compensation and by the value of stock that is to be received.

3. Public Sector Examples Pressure to change findings so as to not embarrass a candidate. Pressure to change findings so as to not embarrass a candidate. Theft from funds directly under the control of a treasurer and attempts to suggest that auditors look at other activities. Theft from funds directly under the control of a treasurer and attempts to suggest that auditors look at other activities. Placement of employees of department payroll to avoid budget issues of top elected officials. Placement of employees of department payroll to avoid budget issues of top elected officials. Use of public monies for inappropriate personal activities. Use of public monies for inappropriate personal activities.

4. Private Sector Activities Insider trading by employees and consultants to companies. Insider trading by employees and consultants to companies. Failure of CPAs in tax practice to file their own returns Failure of CPAs in tax practice to file their own returns CPA as consultant taking over business from client CPA as consultant taking over business from client CPAs becoming listed as employees on client benefit plans. CPAs becoming listed as employees on client benefit plans. Bait and switch where auditor firm subcontracted 100% of work Bait and switch where auditor firm subcontracted 100% of work Employee accountants inflating operating results or reducing expenses at managements direction Employee accountants inflating operating results or reducing expenses at managements direction