Final answer:
The AICPA Code of Professional Conduct recognizes standards setting bodies such as FASB, GASB, FASAB, IASB, and others designated by the AICPA council. Professional organizations issue codes of ethics, like the IEEE Computer Society and the ASA, which guide their members to uphold ethical and professional standards.
Step-by-step explanation:
The standards setting bodies approved by the AICPA Code of Professional Conduct includes the Financial Accounting Standards Board (FASB), the Governmental Accounting Standards Board (GASB), the Federal Accounting Standards Advisory Board (FASAB), the International Accounting Standards Board (IASB), and any other bodies designated by the AICPA council.
Professional organizations, like the IEEE Computer Society, create codes of ethics which outline the ethical obligations of their members. These codes often address significant moral theories and involve political debate. The American Sociological Association (ASA), for instance, maintains ethical guidelines that must be considered by sociologists when conducting research, to ensure the integrity and professionalism of their scholarship.