Question

Professional organizations such as auditors do not have ethical codes because their members are professionals and as such have a basic understanding of their profession and professional behavior.1. True2. False

Answer 1

Answer:

2. False

Explanation:

The answer is false because most professional organizations do have ethical codes that can be either abstract or general, or very specific to the point of being more like a body of written rules that explicitely allows or forbids specific actions and behaviours.

In professions that deal with public matters such as the legal profession, auditing, or accounting, ethical codes are very important, and failing to comply with them can result in heavy penalties.