Every industry has a set of rules‚ or code of conduct‚ that guides it and establishes rules to prevent professionals‚ as much as possible‚ to be ethical and true to their work. In the accounting world the AICPA‚ The American Institute of Certified Public Accountants‚ Code of Professional Conduct is considered to be the foundation of ethical reasoning in accounting. This is so because it is a code that has been established and agreed to by members of the AICPA. The key importance to this is that it’s
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is no easy task; however‚ earning and maintaining your certification can increase your chances for advancement and promotion‚ enhance your reputation among colleagues and within the profession‚ and result in salaries that are higher than your non-certified peers as long as you remain ethical. The Profession of Accounting When most people go to college they think of what major would be the most interesting‚ and most exciting. However there are a few brave souls who want to learn the language
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serious‚ even legal implications for the accountant. That’s why accountants are very concerned with ethics. Public accountants are those accountants who provide services such as auditing‚ tax and financial planning to corporations. These accountants do not work for the organizations they provide these services for; rather these organizations are considered clients of the public accountants. They work outside of the corporation‚ if you will. Private accountants on the other hand‚ work for an organization
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publically‚” (Nogler & Inwon‚ 2011‚ p. 67) so they weren’t forced to comply fully with Sarbanes-Oxley Act (SOX). It also argued by forcing a smaller company to follow the same rules and fines such as Article 404 of the Sox Act wasn’t just or fair. MANAGERIAL PERSPECTIVE Financial stability of any corporation as well as our country is threatened by fraud. This article shows
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(Nogler & Inwon‚ 2011‚ p. 67) in order to not have to comply fully with SOX. The article also address whether it is fair or just to make smaller companies follow the same exact rules and fines of such articles as Article 404 of the SOX Act. MANAGERIAL PERSPECTIVE Fraud is a real threat to the financial stability of a corporation and even the country. The legal issues presented in the article show how damaging fraud truly is. Of the over 1‚200 companies that filed for bankruptcy in the study
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whereas all three types of abilities need to be regarded as equally important especially in the course of BS Accountancy. Several accounting organizations such as the American Institute of Certified Public Accountants (AICPA)‚ the American Accounting Association (AAA)‚ and the Institute of Management Accountants (IMA)‚ as well as educators and professionals‚ are among those advocating the importance of the FCA (Geiger and Ogilby‚ 2000; Pincus‚ 1997; Vangermeersch‚1997; the Accounting Education Change
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those with direct and indirect financial and managerial interest in economic activities. One factor that makes this course unique compared to the other courses is that it has a retention policy. The Retention Policy is designed to maintain the high standard of accounting education in Wesleyan University – Philippines‚ in order to meet the requirements of the profession and to better prepare its graduates to take and pass the Certified Public Accountant board examinations. Under this policy‚ a student
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who do not think in advance of their future and do not plan their course of action are liable to fail in life. The career I choose is to be a Certified Public Accountant but there is a lot of research beside my decision which answers why I want to become a CPA and how I can become a CPA. “Never call an accountant a credit to his profession; a good accountant is a debit to his profession” (Charles Lyell). Accountancy is one of the most respected careers and CAP’s are considered as one of the highest
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businesses works. As an accountant‚ you will often find yourself involved in‚ and responsible for‚ ensuring the proper documentation‚ tracking‚ and analyzing of financial matters related to the overall financial operations of an organization.COURSEWORK While degree programs and course titles vary between institutions‚ there is certain coursework that is often common among accounting degrees. Expect to find curriculum relating to general accounting‚ financial accounting‚ managerial accounting‚ finance
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AICPA Code of Professional Conduct The American Institute of Certified Public Accountants (AICPA) is a group of CPAs that span across the globe. Its members are all volunteers and consist of over 350‚000 people. Most of their debates and discussions are how accountants should handle certain professional issues. There are six principles within the AICPA code of professional conduct; responsibilities; public interest; integrity; objectivity and independence; due care; and scope and nature of services
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