Question

what are the AICPA code of conduct framework (rules, interpretations, and principles)?

what are the AICPA code of conduct framework (rules, interpretations, and principles)?

Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

The most widely recognized code of ethics in the accounting profession is the American Institute of Certified Public Accountant's (AICPA) Code of Professional conduct.

AICPA Code of Professional Conduct is applicable to all AICPA members, not merely those in public practice. The Code provides minimum levels of acceptable conduct relating to all services performed by CPAs, unless wording of a standard specifically excludes some members.

The AICPA's Code of Professional Conduct contains six principles of professional conduct by which its members must abide: responsibilities, serving the public interest, integrity, objectivity and independence, taking due care, and the scope and nature of services.

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Review the IIA Code of Conduct. What are views on the Principles versus the Rules. limk:...
Review the IIA Code of Conduct. What are views on the Principles versus the Rules. limk: https://na.theiia.org/standards-guidance/mandatory-guidance/Pages/Code-of-Ethics.aspx
One of the main rules of American Institute of Certified Public Accountants (AICPA) Code of Professional...
One of the main rules of American Institute of Certified Public Accountants (AICPA) Code of Professional Conduct is for an auditor to remain independent. However, the auditor is paid by the client to preform an auditor of their financial information. Do you think the fact that the client pays the auditor for this service is a violation of the Professional Code of Conduct, why or why not?
7. Following the American Institute of Certified Public Accountants (AICPA) code of professional conduct A is...
7. Following the American Institute of Certified Public Accountants (AICPA) code of professional conduct A is required only by members of the AICPA. B is voluntary by members and nonmembers. C is required only in situations that do not jeopardize personal interest. D mandatory for all CPAs.
The AICPA code of conduct Rule 101 Independence, Integrity, and Objectivity requires that auditors are independent...
The AICPA code of conduct Rule 101 Independence, Integrity, and Objectivity requires that auditors are independent of their audit clients both in fact and in appearance. What does this mean? How does the auditor “know” that he/she is independent? How does he/she prove that he/she is independent? If you are an auditor can you accept a deep discount that is normally offered to customers from your audit client? Why or why not?
were CPA involved in Enron scandal act with integrity as defined by AICPA code of professional...
were CPA involved in Enron scandal act with integrity as defined by AICPA code of professional conduct? reason
Considering the principles identified in the code of conduct for psychologists by the American Psychological Association....
Considering the principles identified in the code of conduct for psychologists by the American Psychological Association. How might Watson and Rayner, who conducted the famous “Little Albert” study, have designed a more ethical study of conditioned emotional responses (CERs)?
The Codification of Auditing Standards issued by the AICPA's Auditing Standards Board are: A. part of...
The Codification of Auditing Standards issued by the AICPA's Auditing Standards Board are: A. part of the generally accepted auditing standards under the AICPA Code of Professional Conduct. B. interpretations of generally accepted auditing standards and departures from such statements must be justified. C. interpretations of generally accepted auditing standards and such standards must be followed in every engagement. D. generally accepted auditing procedures that are not covered by the AICPA Code of Professional Conduct.
Essay #1: Evaluate the scenario using the AICPA Code Scenario: Kermit D. Frog is currently employed...
Essay #1: Evaluate the scenario using the AICPA Code Scenario: Kermit D. Frog is currently employed as the CFO of Weststates Oil Co. He has discovered that the owner of the company has been paying state environmental inspectors cash so that they will not report or charge Weststates Oil for dumping toxic chemicals into the surrounding environment. Upon discovery of this, Mr. Frog immediately reports this to the Attorney Generals Office. Required: Analyze the scenario above and explain in memo...
16. In Chapter 2, the textbook authors list 11 AICPA principles underlying an audit conducted in...
16. In Chapter 2, the textbook authors list 11 AICPA principles underlying an audit conducted in accordance with GAAS. You will be required to explain the three principles on the personal responsibilities of the auditor, and 5 principles on auditor actions in performing the audit. You are required to identify and apply those standards in some simple real-life scenario
Using ABA’s Model Rules of Professional Conduct, NALA’s Paralegal Canons of Ethics, and NFPA’s Model Code...
Using ABA’s Model Rules of Professional Conduct, NALA’s Paralegal Canons of Ethics, and NFPA’s Model Code of Ethics and Professional Responsibility answer the following: 2. Your supervising attorney asks you to sign a document as a witness although the document was not signed in front of the client. Rule/Cannon: Violation and correction:
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT