Accountant Responsibilities By: Jennifer Koppelman March 11‚ 2014 Accountant Responsibility Accountants have responsibilities to many different groups such as their clients‚ the government and third parties. It is important that accountants act in a particular manner and have high ethical standards‚ integrity and professionalism. Accountant’s job responsibility is to validate financial statements and perform the duties in accordance with all the principles‚ standards and laws. Even
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decision of where I will attend college next year quickly approached‚ I decided to investigate the major I have chosen‚ Accounting. Because my goal is to become a Certified Public Accountant (CPA)‚ I would like to know more of what it entails. Dealing with numbers‚ and recording and projecting the earnings of a company‚ accountants are placed with the responsibility of keeping track of the moneys of a business. God has blessed me with skills in the areas of mathematics and organization‚ which caused me
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professional accountant judgment or behavior; (b) Self-review threat – the threat that a professional accountant will not appropriately evaluate the results of a previous judgment made or service performed by the professional accountant‚ or by another individual within the professional accountant’s firm or employing organization‚ on which the accountant will rely when forming a judgment as part of providing a current service; (c) Advocacy threat – the threat that a professional accountant will promote
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CODE OF ETHICS FOR PROFESSIONAL ACCOUNTANTS IN THE PHILIPPINES CONTENTS PREFACE PART A: GENERAL APPLICATION OF THE CODE 100 110 120 130 140 150 Introduction and Fundamental Principles Integrity Objectivity Professional Competence and Due Care Confidentiality Professional Behavior PART B: PROFESSIONAL ACCOUNTANTS IN PUBLIC PRACTICE 200 210 220 230 240 250 260 270 280 290 Introduction Professional Appointment Conflicts of Interest Second Opinions Fees and Other Types of Remuneration Marketing
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Thapa Pooja Shah Sandeep Gautam Mendhala Lama Gurung AND THE ACCOUNTING PROFESSION What is ETHICS? -All about making right choices and producing good behavior What is ETHICS in ACCOUNTING? -Being responsible enough to behave as a TRUSTWORTHY accountant. ROLE/IMPORTANCE OF ETHICS IN ACCOUNTING To provide true knowledge of the financial transactions taking place. To ensure correct decision making . WHAT IS AN ETHICAL DILEMMA? -A situation where it is difficult to choose between the equivalent
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Creve Couer Pizza‚ Inc. In this case the ethical aspects primarily involved the American Institute of Certified Public Accountants (AICPA) as James Checksfield was serving as Creve Couer’s CPA. However‚ the professional standards set for accountants by the Institute of Management Accountants (IMA) and the AICPA share close similarities. Both organizations emphasize that accountants follow a code of ethics when performing their duties. The members must use these ethical principles when engaging in accounting
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organization’s operations. To carry out these interpretations of financial information a public or private accountant is able to do this. To become a public accountant you must earn your CPA (certified public accountant) by passing a test and means you are certified by the state in which you provide accounting services where you reside. This means that you are‚ as a certified public accountant‚ able to express‚ officially‚ an unbiased opinion regarding the accuracy of the client’s financial statements
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forensic accountant needs to possess and the need for each skill. Forensic accountants are a breed of accountants who play a role of accountants‚ auditors and investigators of possible fraudulent cases in a company. Forensic accountants work towards looking into the financial statements of the company and helping them prevent fraudulent cases by straightening their accounts. They work in the investigations and at times appear in the court as a witness in the fraud cases. Forensic accountants play
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financially. There is a need for accountants in every type of busniness whether it be for profit or a non-profit organization. The growing need for accountants coupled with the attractive salaries that they earn makes accounting my future career choice. Within the field of accounting there are several different speicalized areas that one can choose to pursue. Public accountants and internal auditors are two fields that I am considering in my future career. Public accountants work for public accounting
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AICPA Code of Professional Conduct Name Course Date Instructor’s Name The American Institute of Certified Public Accountants (AICPA) code of professional conduct has more than 350‚000 certified public accountants belonging to the association. Since the majority of them belong to the association‚ the AICPA code of professional conduct is often used to discuss the ethical obligations in accounting. “There are six principles that make up the AICPA code‚ which include: responsibilities‚ the
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