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1. Why does the accounting profession need a code of conduct? 2. What are the...

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Accounting

1. Why does the accounting profession need a code of conduct? 2. What are the three components of the AICPA Code of Conduct? 3. Compare and contrast the Principles and the Rules. 4. Compare and contrast the rules of independence, objectivity, and integrity. 5. What would be the effects be on the capital markets if investors did not perceive financial statement auditors as having independence, objectivity, and integrity?

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