Aicpa Code Of Professional Conduct

843 Words Oct 5th, 2015 4 Pages
Introduction AICPA Code of Professional Conduct is the code of conduct that required each member of the organization to follow rigorously and act with integrity, objectivity, due care, competence, fully disclose any conflicts of interest (and obtain client consent if a conflict exists), maintain client confidentiality, disclose to the client any commission or referral fees, and serve the public interest when providing financial services. Accountants are relied upon to be trustworthy and maintain high ethical standards. It is because of the nature of the profession that puts them in a position of trust with people who rely on their professional judgment and guidance in making decisions. These decisions are extremely important in accounting and more so that companies that have high ethical standard or main good ethical culture spend enormous time to train the staffs about the conduct that is expected of them.
AICPA has two sections, which are the principle based, and rule based. The principles gives the platform for the rules that control and govern the performance of professional services by members. This Code of Conduct was adopted to provide guidance and rules to all members those in private and public practice, and remind of the conduct that are expected of them. AICPA members must have high 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…
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