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Hi Mike,
Need to know, how to make difference between Professional Issues and Ethics Issues ?
As you know P7 exam includes one of this type question and requires to discuss both.
So, I need your guidance and clarification on this matter.
Thanks
Ethics questions tend to be focussing on the “rights and wrongs” of hypothetical situations whereas professional issues are more concerned with those issues that affect the running of an accounting / auditing firm and whether the firm in question is following audit guidance
For ethics questions, I find that the best approach is to ask myself “What would a saint do if faced with this problem?”
It shouldn’t be a difficult task for you to arrive at an appropriate conclusion!
OK?
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