Answer to Question #79003 in Finance for Owen Marsden

Question

To whom should adherence to ethical values apply and what is the value and purpose of professional codes of ethics?

Answer 1

A code of ethics is a guide of principles designed to help professionals conduct business honestly and with integrity. A code of ethics document may outline the mission and values of the business or organization, how professionals are supposed to approach problems, the ethical principles based on the organization's core values and the standards to which the professional is held.