I truly believe we need rules-based ethics standards in place because this gives a guideline for all accountants to follow in the US and other countries. These rules will not only enhance the accountant ethical standards of behavior, but enhance the accountant as an individual. The rules enforce the accountant to pay close attention to financial reports and information that maybe understated or overstated, the rules-based ethic help you to focus on company behavior pattern, threats of broken ethical principles of the standard that maybe at risk or not properly safeguarded by the IFAC. The main goal for rules-based ethics standard is to guide you on how to handle ethical situation and I do believe they should because there has got to be some
