Question:

Weekly tasks or assignments (Individual or Group Projects) will be due by Monday and late submissions will be assigned a late penalty in accordance with the late penalty policy found in the syllabus. NOTE: All submission posting times are based on midnight Central Time.

Ethics plays a major role in the auditing process and profession. Discuss the ethical theories that can be utilized to deal with issues that can arise during the audit process. Address the following topics:

Explain how you could establish a framework using these theories to support an audit.

Highlight the key principles of the American Institute of CPAs (AICPA's) Rules of Conduct.

Compare and contrast their rules against the rules used in international audits under the International Ethics Standards Board for Accountants (IESBA).

What does independence mean in an auditing context?

Compare and contrast in fact and in appearance, and illustrate their differences.