Aicpa Code of Professional Conduct

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AICPA Code of Professional Conduct Roberta Barker ETH/376 May 5, 2014 Samuel Hinton AICPA Code of Professional Conduct In this paper I will discuss the purpose of the AICPA Code of Professional Conduct and why it is considered the foundation of ethical reasoning in accounting. In addition I will indicate which three purposes/principles of the AICPA code I consider to be the most important and why I consider them as such. Their purpose The AICPA is a voluntary association made up of CPAs and its membership totals over 350,000 members worldwide. Its purpose is to promote in its members and the accounting profession in general a code of professional conduct to follow through principles pertaining to their ethical obligations of their profession (Mintz & Morris 2011). Foundation of ethical reasoning in accounting The AICPA is considered the foundation of ethical reasoning in accounting because its principles are a guide to members for how they are expected to perform their professional responsibilities. As an organization their aim is to instill in its membership according to ET Section 51- Preamble “The principles call for an unswerving commitment to honorable behavior, even at the sacrifice of personal advantage (AICPA.org 2006-2014). The principles are simple and direct. The principles of the AICPA are responsibilities to the public interest, integrity, objectivity and independence (independence applies to CPAs in public practice), due care, and scope and nature of services--revised May 15, 2000 (AICPA.org, 2006-2014). These principles are exemplary ideals for the accounting profession in the performance of their professional responsibilities. My three most important purposes/principles and why they were chosen I my opinion these are the most important AICPA principles, the public interest, integrity, and objectivity and independence. •

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