Ariel Gad

Acct 393W

Professor Davidovits

23 October 2013

Homework Chapter 6

Exercise 6-8:

MemoTo: Audit Staff

From: Ariel Gad

Subject: Importance of Ethics

This memo is to stress the importance of Rule 501 of AICPA’s Code of Professional

Ethics, and the values of the ethics in auditing.

In order to for our firm to keep its professional reputation, all audit staff must act ethical.

Unethical behavior may result in the termination of employment. It is immoral to conduct

or be a party to behavior that is unethical.

It is important to follow AICPA’s Code of Professional Conduct; especially, Rule 501.

Acts discreditable to the profession is immoral, and unprofessional.

Contact me if you have any further questions.

Sincerely,

Ariel Gad, CPA