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Promoting Principles of Conduct Instructions Read the following scenario. Identify and
Chapter 29, Problem 29-3(choose chapter or problem)
Promoting Principles of Conduct
Instructions Read the following scenario. Identify and discuss behaviors that you believe might violate the key principles of conduct for accountants.
In your new position as accounting manager with Triple B Markets, you supervise three staff accountants: Jennifer, Marcus, and Ing. You become aware of the following situations:
• Jennifer, a new employee, has never worked as an accountant but scored high marks in her college math classes.
• Marcus often records payments of utilities as assets instead of expenses because he wants to show a higher net income for the business.
• You overheard Ing talking with a friend on the phone about the payroll details of the company.
Questions & Answers
QUESTION:
Promoting Principles of Conduct
Instructions Read the following scenario. Identify and discuss behaviors that you believe might violate the key principles of conduct for accountants.
In your new position as accounting manager with Triple B Markets, you supervise three staff accountants: Jennifer, Marcus, and Ing. You become aware of the following situations:
• Jennifer, a new employee, has never worked as an accountant but scored high marks in her college math classes.
• Marcus often records payments of utilities as assets instead of expenses because he wants to show a higher net income for the business.
• You overheard Ing talking with a friend on the phone about the payroll details of the company.
ANSWER:Step 1 of 4
Ethics in the accounting profession refers to the code of ethics that an accountant is required to follow in the profession.