Section 200 - General Standards Accounting Principles
This section describes the professional responsibility of the AICPA members to comply with the general standards and any interpretations of professional competence, due professional care, planning and supervision and relevant data. The term competence is defined to be obtained through a combination of education and professional experience and not having required competence is not considered as the violation of the Code but the member should acknowledge the lack of competence and pass the engagement to a member with sufficient competence in the subject matter. The members also should follow the guidelines to comply with the accounting principles required by the governing bodies such as
This section describes the professional responsibility of the AICPA members to comply with the general standards and any interpretations of professional competence, due professional care, planning and supervision and relevant data. The term competence is defined to be obtained through a combination of education and professional experience and not having required competence is not considered as the violation of the Code but the member should acknowledge the lack of competence and pass the engagement to a member with sufficient competence in the subject matter. The members also should follow the guidelines to comply with the accounting principles required by the governing bodies such as