Al-Aidaros, Al-Hasan and Md Idris, Kamil and Mohd Shamsudin, Faridahwati (2015) Similarities and differences between ethical codes of conduct of AICPA and IFAC. International Journal of Management Studies (IJMS), 22 (S). pp. 61-79. ISSN 2232-1608

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Abstract

An accountants’ ethical code of conduct represents the moral values, principles and rules that accountants should have.The ethical codes of conduct of AICPA and IFAC are the two main codes most countries adopt to guide their members on how to deal with accounting information from the ethical perspective.While the AICPA ethical code of conduct was developed specifically for the USA, the IFAC ethical code of conduct was developed by taking into account the different practices of ethical code of conduct in various countries.The main purpose of this paper is to present an overview of the similarities and differences of these two codes.The comparison of the two documents is made on the following issues: establishment, structure and approach of the codes, the public interest principle, and the independence principle. The comparative analysis shows that the AICPA and IFAC codes are more similar than different even though some differences are noticeably important.

Item Type:	Article
Uncontrolled Keywords:	Ethical code of conduct, Accountants, AICPA, IFAC.
Subjects:	H Social Sciences > HF Commerce > HF5601 Accounting
Divisions:	School of Business Management
Depositing User:	Prof. Dr. Kamil Md Idris
Date Deposited:	01 Mar 2017 08:31
Last Modified:	01 Mar 2017 08:31
URI:	https://repo.uum.edu.my/id/eprint/21247

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