What Are the Similarities and Differences in the Application of the Rules

question 69

Essay

What are the similarities and differences in the application of the rules of professional conduct in the AICPA with respect to internal accountants who are CPAs and CPA-external auditors?

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Definitions:

Internal Locus Of Control

A psychological concept that describes individuals who believe they have control over the outcomes of their actions and experiences, as opposed to being controlled by external forces.

External Locus Of Control

The belief that external forces beyond one’s control determine life’s outcomes.

Ethical Behavior

Acting in ways consistent with societal norms and values, emphasizing honesty, fairness, and integrity.

Terminal Value

Long-term life goals or objectives that individuals or organizations strive to achieve, guiding their actions and decisions.