Question

1. Which two codes of ethics did you review for this discussion? The two codes for discussion were Accounting: A New Take on Ethics and Independence. A refreshed international code emphasizes 3 key objectives for professional accountants (Allen, 2018); and finance Ethics in Finance: How It Affects Professionals (Beers, 2023). 2. Apply, compare, and contrast the two codes of ethics you selected and include information: o Which main topics appear in both? o Which main topics only appear in accounting or finance? o To what extent are the codes of ethics suggested behaviors or legally binding? Be specific. o Are penalties for failure to follow the code of ethics stated in the code?  If so, how are they similar? How do they differ?  If not, where would an accountant or financial manager find penalties for violating the codes?  Which behaviors, if any, could result in going to prison?  Are the risks of going to prison for failure to follow the codes of ethics higher for accountants and or financial managers? o To what extent has your research on professional ethics shifted your planned career focus? o How has this MSAF degree program influenced your mindset regarding professional ethics?

          1.	Which two codes of ethics did you review for this discussion?
The two codes for discussion were Accounting: A New Take on Ethics and Independence. A refreshed international code emphasizes 3 key objectives for professional accountants (Allen, 2018); and finance Ethics in Finance: How It Affects Professionals (Beers, 2023). 
2.	Apply, compare, and contrast the two codes of ethics you selected and include information:
o	Which main topics appear in both?
o	Which main topics only appear in accounting or finance?
o	To what extent are the codes of ethics suggested behaviors or legally binding? Be specific.
o	Are penalties for failure to follow the code of ethics stated in the code?
	If so, how are they similar?  How do they differ?
	If not, where would an accountant or financial manager find penalties for violating the codes?
	Which behaviors, if any, could result in going to prison?
	Are the risks of going to prison for failure to follow the codes of ethics higher for accountants and or financial managers?
o	To what extent has your research on professional ethics shifted your planned career focus?  
o	How has this MSAF degree program influenced your mindset regarding professional ethics?

Added by Cassidy P.

Question

Please give Ace some feedback