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Ethical Expectation: Accountants should be honest and candid within the constraints of client confidentiality. Reasoning: Integrity builds trust and enables an accurate representation of financial information.

Ethical Expectation: Accountants should disclose any potential conflicts and avoid actions that could discredit the profession. Reasoning: Transparency ensures impartiality and maintains the profession's reputation.

Ethical Expectation: Accountants should remain unbiased and avoid conflicts of interest. Reasoning: Objectivity ensures that financial information is not influenced by personal gain.

Ethical Expectation: Accountants should not engage in actions that could mislead or deceive users of financial statements. Reasoning: Misrepresentation of financial information can lead to poor decision-making and harm the public interest.

Ethical Expectation: Accountants should maintain professional knowledge and skill at levels required to ensure clients receive competent professional service. Reasoning: Competence underpins the quality and reliability of accounting work.

Ethical Expectation: Accountants should not accept gifts that could influence their professional judgment. Reasoning: Accepting significant gifts can create bias and compromise professional integrity.

Ethical Expectation: Accountants should respect the confidentiality of information acquired during their work and not disclose any such information to third parties. Reasoning: Confidentiality protects client relationships and prevents misuse of privileged information.

Ethical Expectation: Accountants who possess confidential information should not use it for personal advantage or provide it to others. Reasoning: Insider trading undermines market fairness and violates confidentiality.

Ethical Expectation: Accountants should act in a manner consistent with the good reputation of the profession and refrain from any conduct that might discredit it. Reasoning: Professional behavior maintains the trust in, and integrity of, the accounting profession.

Ethical Expectation: Accountants should not engage in practices that manipulate financial results or mislead stakeholders. Reasoning: Integrity of financial reporting is critical for stakeholders' trust and decision-making.

Ethical Expectation: Accountants should observe the profession's technical and ethical standards, strive for continual improvement, and exercise due care in their work. Reasoning: Due care ensures the competence and diligence of professional services.

Ethical Expectation: Accountants should report any unethical behavior they witness within their profession. Reasoning: Reporting misconduct helps to maintain the standards and integrity of the accounting profession.

Ethical Expectation: Accountants should ensure financial statements and other financial representations are fair and not misleading. Reasoning: A fair presentation is essential for accurate decision-making by users.

Ethical Expectation: Accountants should accurately report the hours they work on a project and not overstate them. Reasoning: Overbilling clients damages the client-accountant relationship and is a form of dishonesty.

Ethical Expectation: Accountants should adhere to the applicable technical standards and ensure all accounting work is performed to such standards. Reasoning: Compliance with technical standards assures the quality and reliability of accounting information.

Ethical Expectation: Accountants should not knowingly omit critical information or participate in any action that would misrepresent the facts. Reasoning: Omitting information can lead to false conclusions and damages the credibility of the financial information.

Ethical Expectation: Accountants should maintain independence in both fact and appearance when providing auditing and other assurance services. Reasoning: Independence ensures objectivity and impartial judgment in professional services.