AICPA Code Of Professional Conduct Analysis
In addition to 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, and c. established internal procedures (AICPA, 2014). When a situation occurs that needs this level of judgment, ones personal judgment should jump to evaluating the differing end results which leads to a professional judgment
that would be approved by the AICPA. For an accountant, this involves looking at the situation and how it may affect the public user. The accountant’s responsibility to the public is so important that it overrides his or her obligation to companies or clients (Duska, Duska, & Ragatz, 2011, p. 79). James 1:5-8 (ESV) says, “If any of you lacks wisdom, let him ask God, who gives generously to all without reproach, and it will be given him. But let him ask in faith, with no doubting, for the one who doubts is like a wave of the sea that is driven and tossed by the wind. For that person must not suppose that he will receive anything from the Lord; he is a double-minded man, unstable in all his ways.” Our personal and professional judgment should not diverge with the decisions we make. With our faith in God, we should stand strong in the decisions we make even when they are not the popular decision to make.
that would be approved by the AICPA. For an accountant, this involves looking at the situation and how it may affect the public user. The accountant’s responsibility to the public is so important that it overrides his or her obligation to companies or clients (Duska, Duska, & Ragatz, 2011, p. 79). James 1:5-8 (ESV) says, “If any of you lacks wisdom, let him ask God, who gives generously to all without reproach, and it will be given him. But let him ask in faith, with no doubting, for the one who doubts is like a wave of the sea that is driven and tossed by the wind. For that person must not suppose that he will receive anything from the Lord; he is a double-minded man, unstable in all his ways.” Our personal and professional judgment should not diverge with the decisions we make. With our faith in God, we should stand strong in the decisions we make even when they are not the popular decision to make.