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What is the purpose of the code of ethics and standards of practice?

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What is the difference between code of ethics and standards of practice?The primary difference between code of ethics and code of conduct is that code of ethics is a set of principles which influence the judgement while the code of conduct is a set of guidelines that influence employee's actions .

What are the five codes of ethics?

the five codes of ethics?

Integrity.
Objectivity.
Professional competence.
Confidentiality.
Professional behavior.
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What are the five codes of ethics?

The principal licensee is responsible for preparing and maintaining written records about their LIC(s) as part of operational procedures for the business, that clearly identifies: each LIC for the business. ... if there is more than one LIC, the part of the business and which trust accounts each person is in charge of.