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. Aicpas professional code of conduct accounting essay which section of the code have you chosen, and what is its general purpose as stated, i have chosen section 100 - independence, integrity, and objectivity.
Organization’s code of ethics was appropriate and in agreement with the code of professional conduct (cpc) as adopted by the american institute of certified public accountants (aicpa. Aicpa code of professional conduct essay sample every industry has a set of rules, or code of conduct, that guides it and establishes rules to prevent professionals, as much as possible, to be ethical and true to their work.
The code of conduct includes six principles that form the foundation for the rules of aicpa the principles include responsibilities, public interest, integrity, objectivity and independence, due care and the scope and nature of services. Aicpa code of conduct essay aicpa code of professional conduct janet tran eth/376 july 07, 2014 katherine parks the aicpa code of professional conduct principles are considered the foundation of ethical reasoning in accounting because it creates a framework to guide the performance of an accountant’s professional responsibilities and places accountability to accountants to have unyielding commitment to act ethically at all times. The code of professional conduct was revised effective december 15, 2014 a mapping document is available in appendix d of the code to facilitate smooth transition learn more about the project that resulted in the redesigned code of professional conduct.
Aicpa code of professional conduct teresa k grimm 376 september 2, 2013 sylvia baughey aicpa code of professional conduct i will be describing what the main reason of having the aicpa code of professional conduct and why it’s the foundation of the ethical reason in the accounting world. The aicpa code of professional conduct indicates that threats to independence accounting essay according to auditing and assurance services (2011), the general purpose of rule 101, independence, is that a member in public practice shall be independent in the performance of professional services as required by standards promulgated by bodies.
The aicpa code of professional conduct serves 3 major purposes: define responsibility, educate public, and protect the professional the aicpa is a huge organization that reaches many people the more individuals that are educated, the better chance of ethical business decision making references aicpa-principles of professional conduct (2013.
Analysis of aicpa code of professional conduct accounting essay published: october 29, 2015 i have chosen section 500 - other responsibilities and practices - of the aicpa code of professional conduct which includes a broad range of rules including acts discreditable, advertising and other forms of solicitation, commissions and referral fees. Aicpa code of professional conduct essay sample 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. Aicpa code of professional conduct week one essay aicpa code of professional conduct dave hall eth 376 susan paris july 8, 2013 purpose of the aicpa code of professional conduct in the business world, the accounting area of a business is one area in which a great deal of risk resides.