Name: Lailanie Nunez

Date: February 13, 2021

Subject: Synthesis
Time: 1:30 – 2:30 PM
Email: lnunez@universityofbohol.edu.ph
Email Subject: Code of Ethics

1. Research on the Code of Ethics. Right after make a summary on what is the gist or what
you should remember when you become a CPA.
A code of ethics sets out an organization's ethical guidelines and best practices to follow
for honesty, integrity, and professionalism. For members of an organization, violating
the code of ethics can result in sanction including termination. In some industries,
including banking and finance, specific laws govern business conduct. In others, a code
of ethics may be voluntarily adopted.
A Certified Public Accountant (CPA) license is a highly respected credential that can open
up a world of opportunities. Most new CPAs opt to make a career in either public
accounting or corporate accounting as a result of this. It's important to remember that
with any job, "soft skills" can help assist you in the workplace as well as more
specialized, technical skills required to carry out specific job duties. The soft skills are
basic, professional skill sets worth developing as you work through more specific
accounting-based curriculum, and they may be helpful in improving workplace
communication and helping to effectively lead a team of other employees.

2. What are the fundamental principles on the Accountancy Profession? Explain each. 
Integrity
A professional accountant should be straightforward and honest in all professional and
business relationships
Objectivity
A professional accountant should not allow bias, conflict of interest or undue influence
of others.
Professional Competence and Due Care
A professional accountant has a continuing duty to maintain professional knowledge
and skill at the level required to ensure that a client or employer receives competent
 professional services based on current developments in practice, legislation and
techniques. A professional accountant should act diligently and in accordance with
applicable technical and professional standards when providing professional services.

Confidentiality
A professional accountant should respect the confidentiality of information acquired as
a result of professional and business relationships and should not disclose any such
information to third parties without proper and specific authority unless there is a legal
or professional right or duty to disclose. Confidential information acquired as a result of
professional and business relationships should not be used for the personal advantage
of the professional accountant or third parties.
Professional Behavior
A professional accountant should comply with the relevant laws and regulations and
should avoid any action that discredits the profession.

3. What are the career opportunities of an accountant? Explain thru giving an example
with his role/function/ duties.
Professional accountants of today have careers that use e a wide variety of skills
applicable to highly specialized roles. 
Accountants work with individuals, small businesses, large corporations, non-profits and
government agencies to prepare and organize financial and tax documents.
Accounting is defined as an organized way to keep records of business and financial
transactions, summarize those transactions, and analyze, verify, and report financial
results. Another way to look at accounting is that it’s an information system designed to
identify, measure, record, and communicate reliable, relevant, and consistent
information about the economic activities of an organization.
Accounting involves only transactions that can be expressed in monetary terms. Some
people call accounting “the language of business,” and its purpose is to help users of
accounting information make better decisions.