1.

There is a special need of ethical behavior for professional because this signifies
acceptance of the obligation and responsibility to their services and it is the
standard of conduct and moral principle that they must follow. Through the code
of ethics they follow it will help to distinguish of who they are or what is their
profession. CPA’s has different ethical requirements because investors,
government, public and business management rely to them, to their information
they share so they need to be worthy to trust person. Their professional ethics
ensure high standard of competence among the group members and to promote
and protect the image of the profession.

2. Independence of mind is an independence that permits the CPA to perform their

service without being compromise their judgement and or being affected by the
influences. Independence of mind allow the CPA to act with integrity, objectivity
and skeptic. However the independence of appearance is an independence that
their integrity, objectivity and professional skepticism to attest a judgement has
been compromised. And the third party involved has been informed and aware to
all of the relevant information including safeguard that they may applied. Three
activities that may not affect independence of fact but are likely to affect
independence of appearance is self- interest, having a loan from the client and
direct or indirect financial interest in the client. When the client is their
immediate family, close relatives and or other Relatives and friends. Being gifted
from the client that is clearly insignificant.

3. CPA’s responsibility is to serve the public they are the representative of the
public in the process of financial reporting CPA’s are the one who ensure that the
information is fair to all parties and not biased. The CPA’s offered product is
credibility so if the public did not believe in them or trust them their functions
serves no useful purpose.

4. Ethical dilemma is a person that acts unethically. There are two primary reasons
why people act unethically, first is the person’ ethical standards are different
from others, they follow standard that are different to what the society standard.
Second is the person chooses to act unethically. Ethical dilemmas can be resolve
if we stop rationalizing unethical behavior, people should change their mindsets
that not because everybody does it that means it is right and acceptable. And
when if its legal it is also ethical. Being unethical is a choice, they choose to be
unethical and what should do to resolve it is to make them realize things that
can make them choose to be a person with ethical behavior.

5. The rule “Let conscience be your guide” is not sufficient for personal ethics
decision is because sometimes when we decide things we didn’t think about our
conscience that why we regrets some decisions we made and there are
situations that will force you to decide things even if against in your conscience
the same as professional ethics decisions, there are situations that you need to
 give a decision that is against your will. But there are people that is naturally
selfish and greedy that they forget their conscience for their own satisfaction and
benefits.

6. Roles that professional accountant must occupy in regards to ethical decision

problem is professional behavior, comply with laws and avoid any action that will
discredit the professions, be objective don’t allow any conflict of interest or be
influence by others that will result of bias judgement, be fair and honest. And
maintain professional knowledge and skill that accountant must have and respect
confidentiality.

7. Ethical responsibilities that CPA’s must have for acts of non-CPA is

accountability, they are accountable to the action of non-CPA that is under their
supervision because they will just follow and do the task that professional CPA
have given to them so in their actions the one who is accountable is the person
who supervised them.

8. Independent auditor is a CPA that examines financial records of a company

which they not related or connected, if the company has an audit committee CPA
will directly report to them and not to the management, independent auditors
benefit if a client corporation has an audit committee because they have
someone who can ask directly for evidences and other transactions needed for
auditing.

9. Ben’ independence has not been impaired because the relation is insignificant to
the firm or member of the audit team and CPA firm’s independence is not been
impaired because ben is not one of the audit team so his relations with his close
family in the firm’s client is insignificant and immaterial.

10. For me, the independence of the CPA firm has not been impaired because if Gary
Angeles will be removed as part of the audit team who will audit where his father
works. The CPA independence will be impaired only if they let their auditor Gary
Angeles to audit the financial positions or business transactions of their client
because Gary has close relationship with a person that works their.