Using The AICPA Code Of Professional Conduct

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

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.

Ethical issues and how to comply ethical standards are always concerned of all tax practitioners when conduct tax practice. They are subject to IRS Circular 230, AICPA’s Statements on Standards for Tax Services and relevant penalty provisions in the Internal Revenue Code.

Ethics has been around for a long time. Merriam-Webster defines ethics as rules of behavior based on ideas about what is morally good and bad. It is an area of study that deals with ideas about what is good and bad behavior. Ethics has much to do with feelings and beliefs. If you feel deep down in your heart that something is not right, then it you should not do it. The Bible says, “So whoever knows the right thing to do and fails to do it, for him it is sin” (James 4:17 English Standard Version). Ethical business procedures include guaranteeing that the main legality is in place. Also, the company observes moral standards in its relationships with the people in its business community, which includes the most important people in their business, who are the customers. This report will discuss ethics in business, ethically transformed organizations; organizations preparation to make ethical decisions, ethical danger signs, and organizations that does business globally.

Section five of the AICPA Rules of Professional Conduct is Section 500 – Other Responsibilities and Practices. This section is for any and all rules that do not fall under the first four sections. The rules under this section currently cover acting discreditable, advertising and other forms of solicitation, commission and referral fees, and form of organization.

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

At the end of the last century, accountants began to organize and become a profession as state societies and boards of accounting debuted. At that time a few companies began to issue financial statements; however, there were no established standards, codes of ethics, or generally accepted principles. Practitioners wishing to represent the economic reality of an entity had to rely on professional judgement. Over time, the profession evolved so that committiees emerged to address these issues, and practitioners voluntarily abided by their guidance.

Within this framework, actions that are likely to maximize good effects, or minimize the occurrence of bad effects, are those kinds of actions one is permitted, or obligated (highlighted for emphasis) to perform (though in this framework ‘good’ and ‘bad’ do not necessarily have to be defined strictly in terms of ‘welfare’ and ‘suffering’) (p. 639).

The Code of Professional Conduct was adopted by the membership to provide guidance and rules to all members—those in public practice, industry, government and education—in the performance of their

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

The principle of the APA code of ethics is relevant to leadership and administrative activities in that decisions must be as agreed by those concerned, otherwise, trust can be broken with a client, employees, or stakeholders. If a psychologist or a leader needs to act or make a decision that is different than agreed, then it must be justified, otherwise, such a decision can be harmful to others (APA, 2010). This principle is relevant to administrative activities in the aspect of the science, truthfulness, honesty, and practice part (APA, 2010). If an administration is handling business in an honest, consistent and open manner then they too can be trusted. This method then becomes part of the practice and a science in itself. It is also important

An initial new hire and employee ethics training has to be develop and administered. Also on-going ethics refresher training for use throughout the employees career with Company Q will need to be incorporated in the program. Systems will be developed and put in place to monitor, audit, and report ethics violations. A time-line to re-evaluate these programs and their effectiveness towards meeting the companies social responsibility goals will be established. Based on the evaluation a revision or revamp of the program if necessary will be initiated. The ethics program needs to be reviewed and understood by all employees and expectation for compliance very clear. This can be accomplish by tying compliance in some form to employees and leadership individual performance goals. Shareholders all the way down to entry-level employees will benefit from the ethics program which will also put the company on track to being more socially responsible. Once a code of ethics is in place and training has been given, then Company Q can begin developing trust within the company and employees as well as the community. Continued education and training will enable the company to become more socially responsible.

About the Long-Term Care Facility, the codes of conduct are guidelines and procedures that are based on personal conduct and they all are vital for each worker in the establishment. These conducts are implemented, so that workers can adhere to the highest standards of care while utilizing ethical approaches and codes of conduct, amounts to the foundations of Long-term care facilities based on principles. It is the responsibility of such parties that include upper levels of management to the lowest levels to avoid such conduct that goes against the stated codes already establishes within the ethical areas.

The ethical standards to be followed by CPAs in tax practice require them to know about applicable rules of the AICPA, IRS, and other statutory and regulatory rules. According to aicpa.org, “CPA tax practitioners are subject to many different standards and ethics rules, including AICPA Code of Professional Conduct (the AICPA Code), AICPA Statements on Standards for Tax Services (the Standards), Treasury Circular 230, Regulations Governing Practice Before the Internal Revenue

To transform the corporation from a compliance to an ethical “state of mind”, the company must get all employees, shareholders, and decision makers to buy into this new way of doing business. Many professionals believe this can only be accomplished by creating an ethical culture based on moral values; furthermore, studies have shown a positive relationship between implementing ethics programs and having an ethical culture (Kaptein, 2009). Some of the basic tools that are generally used include: having an ethics officer, creating a