Aicpa Code of Professional Conduct
ETH/376 Accounting Ethics and Professional Regulations
Week One Assignment – AICPA Code of Professional Conduct
AICPA Code of Professional Conduct
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.
AICPA Code of Professional Conduct Principles
The AICPA Code of Professional Conduct have six essential principles. The first principle is call “Responsibilities”, which protects the public of irresponsible and immoral behavior. The second principle is “The Public Interest”, which protects the best interest of stakeholders that includes the clients, credit grantors, government, investors, etc. The third principle is “Integrity” because this principle identify the public trust and CPA’s need to be candid and honest while maintaining client confidentiality. The fourth principle is “Objectivity and Independence” and this ensures that the trust of the public is served with fairness and impartiality. The fifth principle is “Due Care” and this principle calls for the improvement of the quality of service and competence in the best interest of those for whom services are performed. The sixth principles is “Scope and Nature of Services” relates to the due care standard and requires that CPA’s have good internal control in place. Additionally, determines that CPA’s are unbiased and to
Week One Assignment – AICPA Code of Professional Conduct
AICPA Code of Professional Conduct
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.
AICPA Code of Professional Conduct Principles
The AICPA Code of Professional Conduct have six essential principles. The first principle is call “Responsibilities”, which protects the public of irresponsible and immoral behavior. The second principle is “The Public Interest”, which protects the best interest of stakeholders that includes the clients, credit grantors, government, investors, etc. The third principle is “Integrity” because this principle identify the public trust and CPA’s need to be candid and honest while maintaining client confidentiality. The fourth principle is “Objectivity and Independence” and this ensures that the trust of the public is served with fairness and impartiality. The fifth principle is “Due Care” and this principle calls for the improvement of the quality of service and competence in the best interest of those for whom services are performed. The sixth principles is “Scope and Nature of Services” relates to the due care standard and requires that CPA’s have good internal control in place. Additionally, determines that CPA’s are unbiased and to