ETH/376 Accounting Ethics and Professional Regulations Week One Assignment – AICPA Code of Professional Conduct AICPA Code of Professional Conduct The AICPA Code of Professional Conduct represents the principles that “are based on the values of the profession and the traits of character that enable CPA’s to meet their obligations to the public” (Mintz & Morris‚ 2011). The AICPA Code of Professional Conduct has six essential principles to guide them in the performance of their profession
Premium Philosophy of life Obligation Morality
AICPA Code of Professional Conduct Founded in 1887‚ the American Institute of Certified Public Accountants (AICPA)‚ a voluntary association of CPAs‚ created a strict code of professional conduct (AICPA‚ 2012‚ pg. 1). The purpose of the code of conduct is to discuss the ethical obligations of CPAs and to provide guidance and rules to the members. The AICPA code consists of six principles or purposes for which the members abide‚ honor‚ and respect. “The principles include responsibilities; the
Premium Ethics Certified Public Accountant
AICPA Code of Professional Conduct Name Course Date Instructor’s Name The American Institute of Certified Public Accountants (AICPA) code of professional conduct has more than 350‚000 certified public accountants belonging to the association. Since the majority of them belong to the association‚ the AICPA code of professional conduct is often used to discuss the ethical obligations in accounting. “There are six principles that make up the AICPA code‚ which include: responsibilities‚ the
Premium Certified Public Accountant Accountant Ethics
AICPA Code of Professional Conduct Professionals The AICPA‚ or the American Institute of CPAs‚ represents the accounting professionals in several countries. Like any other profession‚ there are some grey areas that without guidelines could create a mess. The AICPA has developed a code of professional conduct which serves three main purposes: define responsibility of accounting professionals‚ educate the public to protect the accounting professional‚ and educate the public to protect the public
Premium Accountant Certified Public Accountant Ethics
AICPA Code of Professional Conduct Composition‚ Applicability and Compliance The Code of Professional Conduct of the American Institute of Certified Public Accountants consists of two sections—(1) the Principles and (2) the Rules. The Principles provide the framework for the Rules‚ which govern the performance of professional services by members. The Council of the American Institute of CPAs is authorized to designate bodies to promulgate technical standards under the Rules‚ and the Bylaws
Premium Certified Public Accountant Financial Accounting Standards Board International Financial Reporting Standards
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
Premium Certified Public Accountant Ethics
The American Institute of Certified Public Accountants (AICPA) is an organization that provides voluntary membership to more than 350‚000 certified public accountants (CPAs) from 128 countries. With so many CPAs belonging to the association‚ the code of professional conduct is typically used to discuss the ethical obligations of the CPAs. The principles of the code of professional conduct are responsibility‚ public interest‚ objectivity and independence‚ due care‚ and scope and nature of services
Premium Certified Public Accountant
The purpose of the AICPA code of Professional Conduct is for the accounting profession to uphold values and standards of behavior in the community (Mintz & Morris‚ 2011). The code holds CPA’s responsible to the public‚ by the way‚ they serve the public through its clients and employers interests (Mintz & Morris‚ 2011). One considers the AICPA the foundation of ethical reasoning in accounting because one must uphold professional responsibility and gain trust from the public (Mintz & Morris‚ 2011)
Premium Ethics Certified Public Accountant Management
AICPA Code of Professional Conduct Mindi Frost ETH/376 12/15/14 Susan Paris AICPA Code of Professional Conduct Formally known as the American Association of Public Accountants (AAPA) in 1887‚ the American Institute of Certified Public Accountants (AICPA) was renamed in 1957. With over 400‚000 members‚ the AICPA provides services on a professional level and works with state CPA entities to ensure the public is protected. According to Mintz and Morris (2011)‚ “The principles of the AICPA Code are
Premium Ethics Certified Public Accountant Accountant
Code of Professional Conduct ETH/376 October 8‚ 2012 Code of Professional Conduct The AICPA Code of Professional Conduct can be considered the foundation of ethical reasoning in accounting. The code presents rules and principles to help accountants complete their jobs with integrity and ethical decisions. The code also protects the interest of a company and the interest of the public. Purpose The American
Premium Accountant Certified Public Accountant Finance