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11 Cards in this Set
- Front
- Back
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A member in public practice shall be independent In the performance of professional services as required by
standards promulgated by bodies designated by Council. |
101 Independence
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In the performance of any professional service, a member shall maintain objectivity and integrity, shall be free of
conflicts of interest, and shall not knowingly misrepresent facts or subordinate his or her judgment to others. |
102 Integrity and Objectivity
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A member shall comply with the following standards and with any interpretations thereof by bodies designated by Council.
A. Professional competence. B. Due professional care. C. Planning and supervision. D. Sufficient relevant data. |
201 General Standards
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A member who performs auditing, review, compilation, management consulting, tax, or other professional services
shall comply with standards promulgated by bodies designated by Council, |
202 Compliance with Standards
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A member shall not (1) express an opinion.. . that the financial statements or other financial data of any entity are
presented in conformity with generally accepted accounting principles or (2) state that he or she is not aware of any material modifications that should be made. . . in order for them to be in conformity with generally accepted accounting principles, if such statements or data contain any departure from an accounting principle. . . that has a material effect. |
203 Accounting Principles
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A member in public practice shall not disclose any confidential client information without the specific consent of the
client... Members shall not use to their own advantage or disclose any member's confidential client information that comes to their attention... |
301 Confidential Client Information
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A member in public practice shall not 1) perform for a contingent fee any professional services for... a client for whom the member or te member's firm performs, an audit or review of a financial statement... or 2) prepare an original or amended tax return or claim for a tax refund for a contingent fee for any client
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302 Contingent Fees
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A member shall not commit an act discreditable to the profession.
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501 Acts Discreditable
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A member in public practice shall not seek to obtain clients by advertising or other forms of solicitation in a manner that
is false, misleading, or deceptive. Solicitation by the use of coercion, overreaching, or harassing conduct is prohibited. |
502 Advertising and other forms of Solicitation
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Commissions A member in public practice shall not for a commission recommend or refer to a client any product or service, or
and referral fees for a commission recommend or refer any product or service to be supplied by a client, or receive a commis ion, when the member or the member’s firm also performs for that client an audit or review of a financial statement. . Any member who accepts a referral fee for recommending or referring any service of a CPA to any person or entity or who pays a referral fee to obtain a client shall disclose such acceptance or payment to the client. |
503 Commissions and Referral Fees
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A member may practice public accounting only in a form of organization permitted by law or regulation whose
characteristics conform to resolutions of Council. A member shall not practice public accounting under a firm name that Is misleading. Names of one or more past owners may be included In the firm name of a successor organization. A firm may not designate itself as “Members of the American Institute of Certified Public Accountants” unless all of its CPA owners are members of the Institute, |
505 Form of organization and name
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