Aicpa Code of Professional Conduct

Powerful Essays
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 require adherence to those Rules and standards.
The Code of Professional Conduct was adopted by the membership to provide guidance and rules to all members—those in public practice, industry, government and education—in the performance of their professional responsibilities.
Compliance with the Code of Professional Conduct, as with all standards in an open society, depends primarily on members ' understanding and voluntary actions, secondarily on reinforcement by peers and public opinion, and ultimately on disciplinary proceedings, when necessary, against members who fail to comply with the Rules.

Other Guidance
Interpretations of Rules of Conduct consist of interpretations which have been adopted, after exposure to state societies, state boards, practice units and other interested parties, by the professional ethics division 's executive committee to provide guidelines as to the scope and application of the Rules but are not intended to limit such scope or application. A member who departs from such guidelines shall have the burden of justifying such departure in any disciplinary hearing. Interpretations which existed before the adoption of the Code of Professional Conduct on January 12, 1988, will remain in effect until further action is deemed necessary by the appropriate senior technical committee.
Ethics Rulings consist of formal rulings made by the professional ethics division 's executive committee after exposure to state societies, state boards, practice

You May Also Find These Documents Helpful

  • Satisfactory Essays

    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…

    • 403 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    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 public interest; integrity; objectivity and independence; due care; and scope and nature of service” (Mintz & Morris, 2011, pg. 10). The three most important principles are integrity, objectivity, and due care.…

    • 595 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    BUS 309 Quiz 1

    • 555 Words
    • 3 Pages

    Professional codes are the rules that are supposed to govern the conduct of members of a given profession.…

    • 555 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    ‘Acting within professional codes’ for example, involves knowledge of the Code of Professional Practice (2008) which was introduced by the Institute for Learning, to cover the activities of teachers in the Lifelong Sector. The code is based on seven behaviours: professional integrity, respect, reasonable care, professional practice, criminal offence disclosure, responsibility during institute investigations and responsibility.…

    • 519 Words
    • 3 Pages
    Good Essays
  • Better Essays

    P4 M2 D1

    • 1793 Words
    • 5 Pages

    The code of conduct for nurses is a set of rules outlining the responsibilities of nurses in their setting and how they should be caring for their patients. Overall, the main points covered by this is for nurses to safeguard the health and wellbeing of the public, deliver high quality healthcare consistently, keep their skills and knowledge up to date, uphold the standards of their professional code and to have fair processes to investigate allegations made against nurses.…

    • 1793 Words
    • 5 Pages
    Better Essays
  • Satisfactory Essays

    Any roles come with own responsibilities. We have to act within professional codes which involve knowledge of the Code of Professional Practice (2008). This was introduced by the Institute for Learning, to cover the activities of teachers in the Lifelong Sector. The code is based on seven behaviours:…

    • 254 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    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. The six essential principles are: Responsibilities, the Public Interest, Integrity, Objectivity and Independence, Due Care, and Scope and Nature of Services. All these principles need to be follow by the members of the AICPA. These principles link the professional conduct to moral judgment and recognize the responsibility that CPA’s have to his or her clients as well as the public.…

    • 729 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    1. Explain the requirements of professional codes of conduct and how they apply to day to day work activities…

    • 894 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    References: American Nurses Association (2012)., Code of Ethics For Nurses with Interpretive Statements., retrieved April 2013., http://nursingworld.org…

    • 1385 Words
    • 6 Pages
    Powerful Essays
  • Satisfactory Essays

    Business Admin NVQ 201.1

    • 730 Words
    • 3 Pages

    Guidelines, procedures and codes of practice are put into place to allow me to work effectively within the company. If these weren’t followed, it could cause problems within my work or hurt the level of business the company receives.…

    • 730 Words
    • 3 Pages
    Satisfactory Essays
  • Satisfactory Essays

    This code of conduct is necessary because the work you do as a member of the health-care team is very important. The code is a list of statements that set the standard for how you should work on a day-to-day basis…

    • 557 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    The AICPA is the world’s largest association to signify accountants. Founded in 1887 the AICPA is formed out of 350,000 members in 128 different countries. Upon the establishment of the ACIPA, its creation of accountancy as a profession well-known for educational requirements, high professional standers and a strict code of professional ethics. The AICPA is considered to be the foundation of ethical reasoning in accounting because it covers everything from independence to due diligence. The Code of Conduct is basically, a guideline for every CPA and accountant to follow in there career. There are several purposes to the Code of Professional Conduct but three purposes I feel are the most important. I believe after reading the AICPA Code of Professional Conduct the three most important purposes are to protect the investor, to protect the creditor and to protect the employee.…

    • 387 Words
    • 2 Pages
    Good Essays
  • Good Essays

    References: AICPA. (2012). Composition, Applicability and Compliance . Retrieved October 7, 2012, from AICPA American Institute of CPA 's: http://www.aicpa.org/Research/Standards/CodeofConduct/Pages/comp.aspx…

    • 631 Words
    • 3 Pages
    Good Essays
  • Best Essays

    Social Performance

    • 1675 Words
    • 7 Pages

    Organizations have a responsibility to monitor and enforce behavior that represents a sense of social responsibility. Therefore, the social performance of a company must be organized in a manner that takes into consideration the laws for which they should uphold. One way to ensure that organizations are aware of those laws and refraining from illegal behavior is to adopt a code of conduct. The code of conduct is contingent upon the industry in which a company operates, but no matter what industry that is, the organization must recognize the laws pertaining to them and ensure that all employees are in compliance.…

    • 1675 Words
    • 7 Pages
    Best Essays