Code of Professional Conduct

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Code of Professional Conduct
Kimberly Blome
Monday July 2, 2012
Brandy Havens

Code of Professional Conduct
The American Institute of Certified Public Accountants Code of Professional Conducts purpose is to provide guidance and rules to all accountants in public practice. In my opinion, the Code of Professional Conduct is considered the foundation of ethical reasoning in accounting because every certified public accounting has an ethical obligation to the public to be responsible and honest with their work. In the following paragraph, I will discuss what the three main purposes are of the AICPA Code of Professional Conduct and why these three purposes are important to me. The purpose of the AICPA Code of Professional Conduct listed in the test book includes responsibilities, the public interest, integrity, objectivity and independence, due care, and scope and nature of service. The most important objectives in my opinion would be responsibility, the public interest, and due care. I think these purpose are important because the responsibility of a CPA are to protect and serve the public. They must have respect for their clients and to do a great job with whatever work is put forth to them. If a mistake is made they are held reliable. CPAs are also responsible to cooperate with each other to help improve the art of accounting. The public interest is a must for Certified Public Accountants. The public interest includes clients, credit grantors, government employees, investors, the business and financial community, and others who rely on CPAs. Certified Public Accountants are there to help resolve conflicts between any of these groups. Due care is in place to make sure Certified Public Accountants practice to the best of their ability with concern for the best interest for those whom the services are performed and consistent with the professional’s responsibility to the public. Due care can only be obtained through education and experience. Due...
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