Auditing Ethics and Rules of Professional Conduct

This lecture discusses auditing ethics and some of the common rules of professional conduct for public accountants. Understanding that ethics is a set of moral principles or values is not very complex. What is complex is to understand why people behave differently in similar situations.

Public accounting is a profession. This means that the public accountant has the responsibility to act in the public interest, which may in some instances be contrary to their own best interest.