When the element ability comes into play that means that public trust comes into play as well and all who accept membership in the American Institute of Certified Public Accountants commit themselves to honor the public trust. In return for the faith that the public reposes in them, members should seek continually to demonstrate their dedication to professional excellence. Under the Rule 201- General Standards of the AICPA Code of Professional Conduct Competence is defined as a member's agreement to perform professional services implies that the member has the necessary competence to complete those professional services according to professional standards, applying his or her knowledge and skill with reasonable care and diligence, but the
