AICPA Ethical Standards

I agree with you in your position because I too believe the CPA does not have to advise Ahi on its plan to earn interest on their $100,000,000 tax liability to the IRS by mailing the check from the U.S. Virgin Islands to create a float. Article seven, scope and nature of services, of the AICPA Code of Professional Conduct sates that the CPA should observe the principles of the Code in determining the scope and nature of services provided (Colson, 2004). Ahi employee’s plan is not part of the CPA competencies in regards to taxation; the activity does not seem to be consistent with the CPA’s role. This plan should have probably been discussed within the finance or accounting department in Ahi Corporation.

Ethics codes provide us with general conduct standards in which professionals are expected to adhere to. These standards are used to form a sense of unity and agreement within professional organizations. When I think about ethics, I believe it should be simple, but in reality, ethics are complex with multiple layers. Ethical codes are important to use as a guideline for acceptable behavior, but an ethics code will not be able to guide me with every situation. Because of this, it is important that I have my own personal sense of ethics and values. My ethical practice is based on my own values, cultural and religious beliefs, and practices. I tend to be a “heat of the moment” person. Ethics are important because I need a place to turn to when my personal feelings and emotions are clouding judgment.

Article 8 gives examples on using the AICPA Code of Professional Conduct. The article gives the example of you taking over the role of handling the independence and ethical matters involved with auditing for a retiring partner in your firm. You are quickly given the task of determining whether or not your firm can provide auditing services to a client that owns a small, privately owned bank and a used car dealership. To perform work for the client you want to see the rules on how the firms will remain independent from the bank and car dealership, and you have a week to research any questions or concerns that you have with the potential client.

To apply utilitarianism to this ethical controversy one has to evaluate which option would benefit society

This post will discuss two ethical accounting dilemmas that could occur in the CPA profession. For each dilemma, it will explain how the dilemma could be resolved based on logic and reason. It will then support that proposed resolution through support from the American Institute of Certified Professional Accountants (AICPA) Code of Professional Conduct.

There is much to learn from all ancestral cultures including the new coin phrase sexual minorities . Mental heath professional is consistently evolving and practitioners must adapt to the changes within practice and ACA ethical guidelines. This paper explores a counselor 's level of competence, etiology findings for homosexuality, controversies with treatment practice by professional and paraprofessional therapy, and new frontier approach with client-centered approach. Since the multicultural movement has become a pillar for ACA code of ethics, it is with great importance to embrace new cultural styles. Although, the counseling field has a great paucity in empirical research; ACA task force remains optimistic in filling this gap. The objective is to help clients find congruence in their identity, belief, and values within their sexual orientation. Counselor must arm themselves with proficient training in multicultural competence, client-centered approach toward client identity edification, and having the integrity to guard clients from harmful clinical practice.

Accountants are held to a higher ethical standards and they must performed their duties in compliance with standards or ethical values of honesty, integrity, objectivity, due care, confidentiality, which must be fully committed to. They must put clients or public interest first before their own. They must have and ethical values and maintain those values way beyond what the society or the company’s code of ethic. It is important that accountants’ behavior or ethical values is in conformity with the

I don't trust Harris Fell abused the AICPA code of Professional Conduct. Fell completed half of the review when Wilson's Corporation released Fell over a disagreement. Wilson Corporation then quickly changed Fell with Hal Compton. Today Fell has not got any remuneration in return for the work he did upon being released. Rule 501 says "CPA working papers (audit programs, analytical procedure schedules, analyses) are the CPA’s property and need not be provided to the client, unless so required by state or federal laws." (Whittington, 2012) Be that as it may they should not be given back on the off chance that they are inadequate or expenses are expected for setting up those records. With the review still in advance and not finished he doesn't

Williams, Bernard, 1973. ‘Integrity,’ in J.J.C. Smart and Bernard Williams, Utilitarianism: For and Against New York: Cambridge, 108–117.

Opponents of Act Utilitarianism attempt to argue that Act Utilitarianism (henceforth AU) does not account for justice when applied to ethical dilemmas. It is the authors opinion that these claims are factually incorrect and this essay shall attempt to prove this through analysis of common arguments against AU, and modifying AU to allow for justice to be more readily accounted for.

Ethics are crucial to the accounting profession and the business world, so choosing an ethics system to base your moral decisions on is extremely important. Accountants and all business professionals will be confronted with moral dilemmas on a daily basis. Being strong in your faith and knowing what you believe in will help you to always make the right decision. Based on this reasoning, this essay will explain why deontology is the best ethics system for the accounting profession.

As a Christian that is going into the field of accounting and finance, I find that is extremely important to know what my ethical values are. When things get difficult in the workplace, I need to be able to stand up for my beliefs and follow them even when it may cause me trouble. In the world of finance, the most important goal is maximizing wealth and profits at all costs. This paper will look at some of the ways a Christian financial manager can re-act to some of the things that the finance industry will throw at them.

When looking at the IMA Statement of Ethical Professional Practice, there were some steps that Betty Vinson could have taken to avoid any of the punishments that were given to her. Before following any of the IMA’s recommended actions of recourse, Vinson should have referred to WorldCom’s recognized policies on ethical behavior and follow the actions that they have written and approved to take. If WorldCom’s executives still were demanding her to falsify the journal entries after following her company’s policy, then the IMA would state that she should have discussed the issue with your immediate supervisor or the next level of management if her supervisor was involved in the unethical activity. One important thing to note with this, however, is that “Contact with levels above the immediate superior should be initiated only with your superior’s knowledge, assuming he or she is not involved (Institute of Management Accountants, 2005).

109). The issue is like double edged sword to compare with. From one point of view Mill states that individuals always act in a sense to maximize overall happiness. It means that irrespective of aims and motives, people have to act to increase and maximize overall happiness. From another point of view which again Mill states our ninety-nine percent actions are practiced and more importantly ‘motivated by other values’. Nevertheless, attaining overall happiness issue for greatest happiness mismatched with reality and the theory. Sanctions about demanding issue which considers always people be motivated in order to maximize overall benefit idea and personal aims which may differ from idealized motives to improve overall happiness. If it is taken into consideration that two variety of perspectives about demanding issue from motivation point of view and Mill’s defense to this idea, demanding criteria pose a challenge to utilitarianism.

The foremost intention or goal of this ethics paper is to reply the subsequent questions: