Discuss the reasons for the accounting profession to adopt a code of professional conduct. Explain the difference...

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Accounting

Discuss the reasons for the accounting profession to adopt acode of professional conduct.
Explain the difference between an adverse and a qualified auditreport
Is it ethical for an auditor to work extended hours on an auditand not charge it to the client? Explain your answer.
Do interim financial statement reports give managementopportunities to manipulate results of operations for a quarter?Explain the reasons for your answer or give an example.

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1 Objectivity and Independence Objectivity and independence are important ethical values in the accounting profession Accountants must remain free from conflicts of interest and other questionable business relationships when conducting accounting services Failure to remain objective and independent may hamper an accountants ability to provide an honest opinion about a companys financial information Objectivity and independence are also important ethical values for auditors The accounting industry See Answer

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