Global Accounting Ethical Standards

Your second assignment for this unit is to begin working on your final paper that is due in Unit 6. Please refer to the assignment instructions below. You do not have a deliverable for this assignment for Unit 5. You will submit your final paper by the end of Unit 6 in the Unit 6 Dropbox.
In recent years, there has been an effort to develop a common set of accounting standards for nations and firms doing business around the world. For the Final Project, you are to write a paper discussing how the effort for a global set of accounting standards has increased the motivation, or need, to establish a global set of ethical standards.

Your paper should include a discussion on the history of the AICPA, the CPAO, and the IFAC and a thorough examination of corporate social responsibility frameworks including the Global Reporting Initiative (GRI) G4 Reporting Guidelines, the UN Global Compact’s Principles, and ISO 26000 Guidelines. You should address how the United States and the international community are developing a common set of ethical standards, specifically referencing the recent revisions of the AICPA and CPAO codes, and discuss some of the challenges faced by the governing bodies in their attempts to converge the standards. Make a recommendation on at least five fundamental guidelines that you believe should be included in a global set of ethical standards.

The paper is to be 7–10 pages (of content) and prepared in accordance with APA guidelines. There should also be a title page, a 1–2-paragraph abstract, and a reference page showing a significant variety of current, relevant sources that are used and cited in the paper.

History of the AICPA:

https://www.aicpa.org/about/missionandhistory/history-of-the-aicpa.html

History of the CPAO:

https://www.cpaontario.ca/stewardship-of-the-profession/governance/mandate-and-history

History of the IFAC:

https://www.ifac.org/who-we-are/our-purpose

Global Reporting Initiative (GRI) G4 Reporting Guidelines:

https://www.globalreporting.org/standards/

the UN Global Compact’s Principles:

https://www.unglobalcompact.org/what-is-gc/mission/principles

ISO 26000 Guidelines:

https://www.iso.org/iso-26000-social-responsibility.html

You should address how the United States and the international community are developing a common set of ethical standards, specifically referencing the recent revisions of the AICPA and CPAO codes, and discuss some of the challenges faced by the governing bodies in their attempts to converge the standards.

https://www.aicpa.org/interestareas/professionalethics/community/aicpa-ethics-codification-project.html

https://www.cpacanada.ca/en/business-and-accounting-resources/audit-and-assurance/blog/2020/august/new-agreed-upon-procedures-standard

Make a recommendation on at least five fundamental guidelines that you believe should be included in a global set of ethical standards.