By successfully completing this assignment, you will demonstrate yourproficiency in the following course competencies and assessmentcriteria:

• Competency 1: Identify the tenets of the AICPA Code of Professional Conduct.
  • Identify the principles that form the basis for the rules in the AICPA Code of Professional Conduct.
• Competency 3: Distinguish the differences between ethical and legal issues.
  • Distinguish between ethical rights and obligations from the perspective of accountants and auditors.
  • Examine the philosophical principles and values that have led to the formation of the concept of ethical behavior.
• Competency 4: Communicate professionally according to the expectations of the field of accounting.
  • Communicate in a manner that is professional and in accordance with the expectations of the field of accounting.

Assignment Instructions

As an accounting practitioner, it is your responsibility to understand and comply with the applicable rules and regulations.

Respond to the following questions from your course text. Yourpaper should be no less than 800 words and no longer than 1,200 wordsand be compliant with all APA composition and referencing requirements.

Chapter 1 Questions

• What is the relationship between the ethical obligation of honesty and truth telling?
• Is it ever proper not to tell someone something that he or shehas an expectation of knowing? If so, describe under what circumstancesthis might be the case. How does this square with the rights theory?
• How would you distinguish between ethical rights and obligations from the perspective of accountants and auditors?

Chapter 4 Questions

• It has been said that independence is the cornerstone of theaccounting profession. Explain what this means. How do auditors protectagainst impairments of independence?
• Assume that a CPA serves as an audit client's business consultantand performed each of the following services for the client. Discusswhether independence would be impaired in each instance and why.
  • Advising on how to structure its business transactions to obtain specific accounting treatment under gap.
  • Advising and directing the client in accounting treatment thatthe client employed for numerous complex accounting, apart from itsaudit of the client's financial statements.
  • Selecting the audit client's most senior accounting personnel by directly interviewing applicants for those positions.

Other Requirements

Your paper should meet the following requirements:

• Written communication: Written communication should be free of errors that detract from the overall message.
• APA formatting: Your paper should be formatted according to APA sixth edition style and formatting.
• Length: 3–5 typed and double-spaced pages.
• Font and font size: Times New Roman, 12 point.