The Aspiration Side of Professional Ethics David J. Casavant, Esq. - - PowerPoint PPT Presentation

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The Aspiration Side of Professional Ethics David J. Casavant, Esq. - - PowerPoint PPT Presentation

Aug 09, 2023 10 likes •221 views

The Aspiration Side of Professional Ethics David J. Casavant, Esq. CPA Associate Provost for Ac. Affairs Aspiration Language Difficult to Define ET Section 54 - Article III - Integrity To maintain and broaden public confidence, members

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The Aspiration Side of Professional Ethics

David J. Casavant, Esq. CPA Associate Provost for Ac. Affairs

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Aspiration Language – Difficult to Define

ET Section 54 - Article III - Integrity To maintain and broaden public confidence, members should perform all professional responsibilities with the highest sense of integrity. .01 Integrity is an element of character fundamental to professional recognition. It is the quality from which the public trust derives and the benchmark against which a member must ultimately test all decisions. .02 Integrity requires a member to be, among other things, honest and candid within the constraints of client

  • confidentiality. Service and the public trust should not be subordinated to personal gain and advantage. Integrity can

accommodate the inadvertent error and the honest difference of opinion; it cannot accommodate deceit or subordination

  • f principle.

.03 Integrity is measured in terms of what is right and just. In the absence of specific rules, standards, or guidance, or in the face of conflicting opinions, a member should test decisions and deeds by asking: "Am I doing what a person of integrity would do? Have I retained my integrity?" Integrity requires a member to observe both the form and the spirit of technical and ethical standards; circumvention of those standards constitutes subordination of judgment. .04 Integrity also requires a member to observe the principles of objectivity and independence and of due care. AICPA Code of Professional Conduct Section 50 – Principles of Professional Conduct

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Aspiration Language

Composition, Applicability and Compliance The 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... Compliance with the Code of Professional Conduct, as with all standards in an open society, depends primarily on members' understanding and voluntary actions, secondarily on reinforcement by peers and public opinion, and ultimately on disciplinary proceedings, when necessary, against members who fail to comply with the Rules. AICPA Code of Professional Conduct – Introduction to the Code of Conduct

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Aspiration Language

Maine Rules of Professional Conduct – Attorneys Preamble from the Maine Task Force on Ethics [16] Compliance with the Rules, as with all law in an open society, depends primarily upon understanding and voluntary compliance, secondarily upon reinforcement by peer and public opinion and finally, when necessary, upon enforcement through disciplinary proceedings. The Rules do not, however, exhaust the moral and ethical considerations that should inform a lawyer, for no worthwhile human activity can be completely defined by legal rules. The Rules simply provide a framework for the ethical practice of law.

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Notice the Gap?

“…no worthwhile human activity can be completely defined by [legal] rules.”

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Why this talk?

  • To encourage you to think

about and fill the gap in a way that brings personal and professional satisfaction.

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Why this talk? The Marley Effect

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Examples of the Marley Effect

  • Enron and Sarbanes Oxley
  • Earned Income Credit
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Marley Effect

Profession-kind IS our

  • business. Do we

seldom attend to it?

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How to Fill the Gap?

Right Hemisphere Exercise

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Right Hemisphere Exercise

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Difficult – not Innate

  • John Locke – Second Treatise of Civil

Government

  • ownership of self
  • property (ownership) derives from self labor

mixed with the land or product

  • Foundational construct upon which we built our

country

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Implications for not doing so?

Analysis of Expense and Profit

Units of Production Marginal

  • Expense
  • Profit

Expense Line Profit Line

  • Dr. Phil Grant –

motivational theory

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Implications for not doing so?

Motivation?

  • Where are you on the graph?
  • Where are the professions on the

graph?

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Objectives

  • Sustainability of the

Professions (Agriculture)

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Objectives

  • Sustainability of the

Professions (Agriculture)

  • Enhanced Opportunity for

Professional Satisfaction

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Invitation

  • Scrooge – Begin Again
  • Dr. Bolte – Choice – Right

Hemisphere

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Invitation

  • Filling the gap

How? Through Aspirations

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Invitation

  • Filling the gap

How? Through Aspirations With What? With Aspiration

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Invitation

  • Filling the gap

How? Through Aspirations With What? With Aspiration It takes all of us!

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Thank you

  • AICPA Code of Professional Conduct -

http://www.aicpa.org/Research/Standards/CodeofConduct/ Pages/et_54.aspx

  • AICPA Code of Professional Conduct -

http://www.aicpa.org/Research/Standards/CodeofConduct/ Pages/comp.aspx

  • Maine Rules of Professional Conduct -

http://mebaroverseers.org/attorney_regulation/bar_rules.h tml?id=87798

  • Scrooge the Musical with Albert Finney -

http://www.youtube.com/watch?v=2XbpN6rMCF4

  • Jill Bolte Taylor – Ted Talk – My stroke of insight

http://www.ted.com/talks/jill_bolte_taylor_s_powerful_stro ke_of_insight?language=en#t-376848

  • Dr. Phil Grant – The Law of Escalating Marginal Sacrifice –

2004