AICPA Code Of Professional Conduct

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.
Responsibility
The AICPA Code of Professional Conduct says that certified public accountants have responsibilities to everyone who use their professional services. Unless you are an accounting professional, it is highly unlikely that you know all of the rules and regulations that must be abided by when it comes to bookkeeping, taxation and financial reporting. That’s what keeps the accounting profession running; they are the experts that the rest of the world turns to for accounting services. CPA’s must maintain a level of responsibility and follow ethical standards when performing these standards. It is the accounting professional’s responsibility to do what it right, even when it’s not the popular vote to protect themselves and their client.
The AICPA Code of Professional Conduct lays out the guidelines and expected conduct for accounting professionals to follow. This assists in protecting the public by giving them resources and education to know what to expect out of their accounting professional. The AICPA Code of Professional Conduct sets a standard for all accounting professionals to abide by. This is not to say that there are not a few crooked individuals still out there, but hoping that all professionals follow the code, the public is in better