Accounting Ethics
Chapter 29: Code of professional conduct
* What guidance is provided to help AICPA members follow the Code Of Professional Conduct?
Provides general guidance on professional responsibilities, the public interest, integrity, objectivity and independence, due care, and the scope and nature of services without establishing specific standards. Nevertheless, every practitioner should read them. An understanding of the difference between independence and objectivity is important particularly when consulting services are being provided to attest service clients.
* List three suggestions given by the AICPA.
1.Sources of a Code of Conduct in Tax Practice
Underlying all of the specific rules, laws, and regulations governing a CPA’s provision of tax services is a basic code of conduct that defines what it means to act as a professional. A professional firm can look to a number of sources for key principles of ethical conduct to emphasize in its practice.
2. Analyzing Ethical Situations
Discussions of case studies that apply ethical standards to common workplace situations can be particularly effective, since professional conduct and ethical behavior depend on the good judgment of individuals in what are often complex, challenging, and ambiguous real-life situations.
3. Choosing Associates and Clients
Associating with ethical people can strengthen an ethical culture. In making employment decisions, the firm should seek to identify candidates with the characteristics the firm values as part of its ethical standards, such as integrity, diligence, dependability, and sincerity.
* Explain how the guidelines might help you in your professional behavior.
These guidelines might help me in the professional field by keeping thing straight with a particular client. It could help by knowing how a CPA would have to present him or her self in case of a case.
Keywords and Reference
www.aicpa.org www.bsr.org www.cpr.org
* What guidance is provided to help AICPA members follow the Code Of Professional Conduct?
Provides general guidance on professional responsibilities, the public interest, integrity, objectivity and independence, due care, and the scope and nature of services without establishing specific standards. Nevertheless, every practitioner should read them. An understanding of the difference between independence and objectivity is important particularly when consulting services are being provided to attest service clients.
* List three suggestions given by the AICPA.
1.Sources of a Code of Conduct in Tax Practice
Underlying all of the specific rules, laws, and regulations governing a CPA’s provision of tax services is a basic code of conduct that defines what it means to act as a professional. A professional firm can look to a number of sources for key principles of ethical conduct to emphasize in its practice.
2. Analyzing Ethical Situations
Discussions of case studies that apply ethical standards to common workplace situations can be particularly effective, since professional conduct and ethical behavior depend on the good judgment of individuals in what are often complex, challenging, and ambiguous real-life situations.
3. Choosing Associates and Clients
Associating with ethical people can strengthen an ethical culture. In making employment decisions, the firm should seek to identify candidates with the characteristics the firm values as part of its ethical standards, such as integrity, diligence, dependability, and sincerity.
* Explain how the guidelines might help you in your professional behavior.
These guidelines might help me in the professional field by keeping thing straight with a particular client. It could help by knowing how a CPA would have to present him or her self in case of a case.
Keywords and Reference
www.aicpa.org www.bsr.org www.cpr.org