The Code of Professional Conduct for Auditors

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.

The NMC succeeded the United Kingdom Central Council for Nursing, Midwifery and Health visiting (UKCC) which was until 2002 has a core responsibility to register UK Nurses, Midwives, and health visitors as well as handle professional misconduct complaints and issue guidance for registered practitioners. The NMC was set up with the core responsibility of protecting the public by ensuring appropriate standard are set, reviewed and monitored for education, training, professional conduct and performance (Nursing and Midwifery Council, 2015). The core function of the NMC, as a regulator, is to establish and improve standards of nursing and midwifery care in order to serve and protect the public (Eaton, 2012). This assignment will focus on how NMC protects the public by carrying out its statutory roles. The writer will discuss the code of professional standards of practice and behaviour as it concerns Adult Nurses registration and deregistration of Adult Nurses, education and training, investigation and dealing with complaints, revalidation, criticisms of NMC, as a well as have a look at the future of NMC in regards to protecting the public.

An ethical audit is important to establish the company’s current weaknesses and strengths concerning how it conducts itself in an ethical manner. An ethics audit will involve evaluating the company’s standard of ethic, it ethic climate, and how well the company’s employees follow ethical standards. One of the first things to evaluate in an ethics audit is if a company has a written code of ethics and how comprehensive it is. Moreover, the written code of ethics should apply to everyone in the company from the top down with a clear zero tolerance policy in place for ethics violations. Included in a comprehensive ethics code should be a method for

Niedermeyer, and Presha Niedermeyer. They performed surveys using internal auditors of public companies and external auditors from large and small firms. The survey questioned how auditors made ethical decisions, and they also wanted to see how internal auditors answered versus how external auditors answered. The result of the surveys showed that there was no difference in decision- making between internal and external auditors in the aspect of how major the effects unethical decisions on victims would be. The only difference between auditors in this study was how they make decisions on what is right and what is wrong. It appears that auditors that work for the Big Four have a stronger sense to determine what is right or wrong as opposed to the other auditors working in large and small firms. The study suggests that each firm adopts policies and special training to combat these

When auditing a publicly held company, auditors need to observe principles. The ethical principles of the American Institute of Certified Public Accountants (AICPA) Code of

The Code of Professional Conduct of the American Institute of Certified Public Accountants consists of two sections—(1) the Principles and (2) the Rules. The Principles provide the framework for the Rules, which govern the performance of professional services by members. The Council of the American Institute of CPAs is authorized to designate bodies to promulgate technical standards under the Rules, and the Bylaws require adherence to those Rules and standards.

The Audit Committee shall determine, or designate appropriate persons to determine, appropriate actions to be taken in the event of violations of this Code of Ethics. Such actions shall be reasonably designed to deter wrongdoing and to promote accountability for adherence to this Code of Ethics, including, among other things, disciplinary action up to and including termination of employment. In determining what action is appropriate in a particular case, the Audit Committee or its designee shall take into account all relevant information, including whether the violation was promptly reported, whether a violation of the law has occurred, the nature and severity of the violation, whether the violation was a single occurrence or repeated occurrences, whether the violation appears to have been intentional or inadvertent, whether the individual in question had been advised prior to the violation as to the

An auditor’s role in an audit is very important. An auditor must be able to collect enough evidence to supports their finding, and also be on the lookout for fraud. Company’s may or may not know the law, but it is the job to know the law, and be able to educate and report findings properly. Since the Sarbanes-Oxley Act, there have been provisions that have directly affected auditors. This paper will include the details of the Sarbanes-Oxley Act, how ethics and independence have affected auditors, as well implementation of new standards based on the Sarbanes-Oxley Act.

The AICPA’s Code of Professional Conduct was first implemented for the accounting profession in 1988 and has since seen many revisions as the profession has changed. In 2014-2015, the AICPA codified a newer version that includes a “Conceptual Framework for Members in Business” and a “Conceptual Framework for Members in Public Practice.” (page 6, section .01) AICPA’s Code of Professional Conduct is written for Certified Public Accountants who are practicing in the United States and does not apply to accountants practicing elsewhere. Integrity is one of the most important principles for any professional and the AICPA recognizes the need to establish guidelines for how integrity should be implemented

* Go to the AICPA Website to read the current AICPA code of professional conduct, located athttp://www.aicpa.org/Research/Standards/CodeofConduct/Pages/default.aspx. Next, assess the effectiveness of the current Institute of Management Accountants (IMA) code of professional conduct in promoting ethical behavior and providing guidance for the dilemmas managerial accountants

Members of the AICPA must practice as an independent, meaning that they should be an independent when forming any form of professional work. As a professional you shouldn’t have any other ties to the company you are doing the independent work for. Within these Independence Rules the professional should follow the conceptual frame work for independence and the ethics guidelines for conflicts. When being a professional within the AICPA you need to set safeguards and protect yourself from the companies’ conflicts or problems. You need to protect yourself by follow the conceptual frame work and being sure you use ethics conflicts as a guide to take care

The Auditing Standards Board has launched the Clarity Project (Lindberg & Seifert, 2011) which is an effort to make the U.S. Generally Accepted Auditing Standards (U.S. GAAS) easier to comprehend in the eyes of non-public businesses. “The Clarity Project will result in the first complete redrafting and recodification of U.S. GAAS since 1972” (Morris & Thomas, 2011, para. 2). Four of the most significant changes are: changing the format of the standards so they are more consistent and readable, the wording in the auditor’s report, group audit standards, and the authoritative status on the 10 generally accepted auditing standards (Morris & Thomas, 2011). The Clarity Project also includes the process of integrating the U.S. GAAS with International Standards on Auditing (ISA).

2. Auditing standards require that the auditor exercise professional judgment and maintain professional skepticism throughout the planning and performance of the audit.

The ?Sarbanes-Oxley Act of 2002? was enacted by the Senate and House of Representatives of the United States of America in Congress assembled on January 23, 2002. The act aims to protect investors by improving the accuracy and reliability of corporate disclosures made pursuant to the securities laws. The act has made amendments to some sections of the Securities Exchange Act of 1934 and arranged them in sections over eleven titles. Title II has nine sections that regulate independence of auditors of registered public accounting firms.

Code of ethics promotes the ethical culture in an internal audit profession. Principles and rules of conduct