To reinforce principles related to ethical conduct and good corporate governance. 2.     To develop an appreciation of   the required standards for professional accountants, auditors and those charged with responsibility for good

University of the West Indies,

Master of Science in Accounting Program  

 Advanced Auditing Coursework #1

February 2, 2026

Objectives:

1.     To reinforce principles related to ethical conduct and good corporate governance.

2.     To develop an appreciation of   the required standards for professional accountants, auditors and those charged with responsibility for good corporate governance.

3.     To provide an opportunity for students to develop a document that can form a template for further use as professionals.

 Instructions:

1.          This is an individual   assignment which contributes 20 % towards the final grade.  

2.          Written assignments must be   prepared  observing the following:

o   Must be typed

o   Font – times new roman, 12

o   Must include a cover page with title of report

o   Must include a table of content, suitably indexed

o   Must include an identification page with students’ identification #s

o   Pages must be numbered

o   All assumptions made must be stated.

3.     Assignments must be uploaded on or before February 28.  2026 to the container provided.

 Ethical conduct lies at the core of all business. We do business with those we trust; we get

business from those who trust us. It is at the root of generating confidence in both individuals

and entities. Ethics, therefore, is a driver of business growth and demands attention from boards and investors alike.[i]

Tour Values Limited is a company which purchased some villas that provides guest services to tourists. The company has high occupancy levels between September and April each year. The company employs workers in various capacities including guest services, restaurant operations sales and marketing, customer service, accounting, human resources and operations.

Required:

Define and develop a Code of Conduct for Tour Values Limited. It should incorporate but is not limited to information on the following:

       I.          Mission   Statement

    II.          Statement from Board of Directors

  III.          Organizational Values and Principles

  IV.          A statement on how the company relates to its community, the environment, and society

    V.          Ethical and conduct guidelines and guidance on practices

  VI.          Five examples of ethical and unethical behaviour relevant to the business.

VII.          Specific rules of conduct

VIII.          Information on performance evaluation.

[i] Defining and Developing an Effective Code of Conduct for Organizations (PDF | 480K)
International Good Practice Guidance
Date: May 31, 2007
Author: PAIB Committee