Aicpa Code of Professional Conduct Essay

721 WordsJul 15, 20143 Pages
EHT/376 The Purpose of the AICPA Code of Professional Conduct The Code of Professional Conduct of the American Institute of Certified Public Accountants is a voluntary association of Certified Public Accountants. This code is used to discuss the ethical obligations of CPAs and to provide guidance and rules to all accounting professionals in public practice. I believe that the Code of Professional Conduct is considered as the foundation of ethical reasoning in the accounting profession because every CPA has an ethical responsibility and a commitment to the public, to clients and to colleagues of honorable behavior, even at the expense of personal advantage. Following I will discuss the three main purposes of the AICPA Code of Professional Conduct and why I believe these three purposes are most important (Mintz & Morris, 2011, Pg 50) . The purpose of the AICPA Code of Professional Conduct includes responsibilities, the public interest, integrity, objectivity, independence, due care and scope and nature of services. Although all of these are important principles to adhere, I think that the three most important principles are integrity, the public interest and due care. As a CPA principle conduct, integrity distinguishes that public trust is served by being honest. Honesty is an ethical value which means we should express the truth as we know it without deception. Full disclosure supports transparency and the accounting professional should disclose all information that investors, owners, creditors, and the government need to know to make informed decisions. A person of integrity is trusted by others because that person is true to his or her word, and is the benchmark against which a member must ultimately test all decisions. This person will not subordinate the public trust to personal gain and advantage; and will observe technical and ethical
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