Equity: Principles, Practice and Procedure By Geoff Lindsay SC, 25 November 2003 ... Professional Development Department Page 2 of 35 I Introduction 1. Over several ... Thus, professional ethics in accounting and audit is the subset of business ethics and business ethics is the subset of morality in economic life (Bayat, 2008). 2-3 Accounting and audit profession Accounting and audit due to effective role in business are considered by various communities from the past.Login for Web Editors / IFLA staff. The IFLA.ORG domainThe Code of Professional Conduct of the American Institute of Certified Public Accountants consists of two sections--(1) the Principles and (2) the Rules. The Principles provide the framework for the Rules, which govern the performance of professional services by members. Nov 02, 2015 · The development and practice of accounting in Muslim society thus reflected Islam, as a comprehensive code of spiritual and material life. These developments and practices were documented by a number of early Muslim scholars from 150 H in numerous printed and handwritten books. The International Auditing and Assurance Standards Board (IAASB) sets high-quality international standards for auditing, assurance, and quality control that strengthen public confidence in the global profession.