ETH 557 AICPA Rules Of Professional Con Essay
Gina Crete, Candice Fuller, Jerrel Jones,
January 12, 2015
The governing of the behavior of Certified Public Accountants (CPA) is done by the American Institute of Certified Public Accountant (AICPA). The largest professional association for the CPAs is the AICPA. The purpose of the AICPA is to equip CPAs to fulfill their duties to the public sector.
Five Sections of the AICPA Rules of Professional Conduct
There are five sections to the AICPA Rules of Professional Conduct: Independence, Integrity, and Objectivity, General Standards Accounting Principles, Responsibilities to Clients, Responsibilities to Colleagues, and Other Responsibilities and …show more content…
The main purpose of this rule is to prevent the practice of accounting under names that are false by a member. There are two exceptions to this code for its implementation. Members that own separate businesses all the rules would apply to them. If one has alternative practices then a different rule would apply.
Compare AICPA and IMP Code of Conduct The AICPA Code of Conduct is its fundamental set of standards for its members. It was created to “provide guidance and rules to all members-those in public practice, in industry, in government and in education-in the performance of their responsibilities” (2007a, para. 21). The AICPA Code of Conduct is broken down into two main sections: principals and rules. The framework for the rules section is set by the principles.
The AICPA and IMA