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
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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)
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will be describing the purpose of the AICPA Code of Professional Conduct and why it is considered the foundation of ethical reasoning in accounting. As well as answer the following questions: What do you think are the three most important principles of the AICPA Code of Professional Conduct? And‚ why are those three the most important? The Principles of the AICPA Code are aspirational statements that form the foundation for the Code’s enforceable rules. The Principles guide members in the performance
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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
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AICPA Code of Professional Conduct Katie Potucek University of Phoenix ETH/376 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
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Belk’s comments on professional judgment‚ the AICPA Code of Professional Conduct provides additional advice in section 2.000.020.02 Ethical Conflicts. It says‚ “Once an ethical conflict is encountered‚ a member may be required to take steps to best achieve compliance with the rules and law. In weighing alternative courses of action‚ the member should consider factors such as the following: a. relevant facts and circumstances‚ including applicable rules‚ laws‚ or regulations‚ b. ethical issues involved
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AICPA Rules of Professional Conduct Gina Crete‚ Candice Fuller‚ Jerrel Jones‚ Patricia Williams ETH/557 January 12‚ 2015 Lisa Kreuger The governing of the behavior of Certified Public Accountants (CPA) is done by the American Institute of Certified Public Accountant (AICPA). The largest professional association for the CPAs is the AICPA. The purpose of the AICPA is to equip CPAs to fulfill their duties to the public sector. Five Sections of the AICPA Rules of Professional Conduct There
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“AICPA Code of Professional Conduct” ETH/376 The American Institute of Certified Public Accounts (AICPA) Code of Professional Conduct is a body of principals that has a goal to guide Certified Public Accountants (CPA’s) in the “performance of it professional responsibilities” (Mintz‚ 2011). The AICPA Code of Professional Conduct has six essential principles and they are: Responsibilities‚ the Public Interest‚ Integrity‚ Objectivity and Independence‚ Due Care‚ and Scope and Nature of Services
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AICPA Code of Professional Conduct Heather Prince ETH/376 06/02/2014 Juanita Davis AICPA Code of Professional Conduct The AICPA is a voluntary association of CPA’s. There are several hundred thousands of CPA’s around the world. This association is used to discuss the ethical obligations of all CPA’s. These principles that the association has and will establish are in place to make sure that the public’s trust is honored regardless of the effect it will have on the CPA’s personal benefits
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accounting standards in use through out the world in the next five years? The SEC (Securities and Exchange Commission) which oversees the accounting practices of publicly traded corporations. Is currently implementing plans for the convergence of GAAP into the IFRS as the standard for the U.S. and the world. Currently 110 developed‚ mid level‚ and developing countries use the IFRS as their accounting standard. The SEC has stated that they would like to converge to the IFRS by the end of 2014 but
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