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    Aicpa - 1

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    Sharif Usman
    The American Institute of Certified Public Accountants (AICPA) establishes ethics standards for accountants. The AICPA Code of Professional Conduct states that integrity is fundamental and that the profession serves the public interest, investors, and other stakeholders who rely on the objectivity and trustworthiness of CPAs. Accountants must maintain independence and avoid conflicts of interest to ensure they can provide an unbiased opinion on a company's financial reports. Upholding integrity and ethics is especially important to maintain public trust after several major accounting scandals in 2001 that misled investors about companies' financial health. Failure to comply with ethical standards can result in expulsion from the AICPA.

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    Aicpa - 1

    Uploaded by

    Sharif Usman
    23 views2 pages
    The American Institute of Certified Public Accountants (AICPA) establishes ethics standards for accountants. The AICPA Code of Professional Conduct states that integrity is fundamental and that the profession serves the public interest, investors, and other stakeholders who rely on the objectivity and trustworthiness of CPAs. Accountants must maintain independence and avoid conflicts of interest to ensure they can provide an unbiased opinion on a company's financial reports. Upholding integrity and ethics is especially important to maintain public trust after several major accounting scandals in 2001 that misled investors about companies' financial health. Failure to comply with ethical standards can result in expulsion from the AICPA.

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    AICPA - 1

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    The American Institute of Certified Public Accountants (AICPA) establishes ethics standards for accountants. The AICPA Code of Professional Conduct states that integrity is fundamental and that the profession serves the public interest, investors, and other stakeholders who rely on the objectivity and trustworthiness of CPAs. Accountants must maintain independence and avoid conflicts of interest to ensure they can provide an unbiased opinion on a company's financial reports. Upholding integrity and ethics is especially important to maintain public trust after several major accounting scandals in 2001 that misled investors about companies' financial health. Failure to comply with ethical standards can result in expulsion from the AICPA.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    23 views2 pages

    Aicpa - 1

    Uploaded by

    Sharif Usman
    The American Institute of Certified Public Accountants (AICPA) establishes ethics standards for accountants. The AICPA Code of Professional Conduct states that integrity is fundamental and that the profession serves the public interest, investors, and other stakeholders who rely on the objectivity and trustworthiness of CPAs. Accountants must maintain independence and avoid conflicts of interest to ensure they can provide an unbiased opinion on a company's financial reports. Upholding integrity and ethics is especially important to maintain public trust after several major accounting scandals in 2001 that misled investors about companies' financial health. Failure to comply with ethical standards can result in expulsion from the AICPA.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
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    American Institute of Certified Public Accountants (AICPA)

    Uprightness is one of the basic mainstays of the American Institute of Certified Public

    Accountants (AICPA) Code of Professional Conduct. The AICPA Code of Professional Conduct

    portrays the bookkeeping calling's open as comprising of "customers, credit grantors,

    governments, managers, speculators, the business and money related group, and other people

    who depend on the objectivity and trustworthiness of CPAs to keep up the systematic working of

    trade." A recognizing characteristic of the bookkeeping calling is acknowledgment of its duty to

    respect general society trust. "Loan specialists, financial specialists, government offices, and

    different individuals from the business group depend on the respectability of ensured open

    bookkeepers to help safeguard the correct working of business exercises." (Integrity: Still a

    Hallmark of the Public Accounting Profession? (n.d.)) Active and trying open bookkeepers

    should grasp the commitment to act in a way that warrants the confidence that the whole open

    rests in the work they do or will do. Bookkeepers must stay free from irreconcilable

    circumstances and other flawed business connections when directing bookkeeping

    administrations. Inability to stay goal and free may hamper a bookkeeper's capacity to give a

    genuine feeling about an organization's monetary data.

    There is a reasonable order in the rule: "Administration and people in general trust ought

    not be subordinated to individual pick up and advantage." (On Integrity, (n.d.)) "Respectability

    and morals in the bookkeeping business went to the front line amid the bookkeeping

    embarrassments of 2001. A few noteworthy freely held organizations, for example, Enron,

    submitted genuine bookkeeping extortion that misdirected workers and the overall population
    about each organization's money related wellbeing. After researching, government controllers

    discovered improper connections amongst evaluators and their customers. Reviewers gave

    administration counsel on bookkeeping methods and directed outer reviews, bringing about an

    absence of freedom. Bookkeepers from these organizations likewise occupied with

    untrustworthy conduct by controlling bookkeeping data." Per the AICPA: "Inability to take after

    guidelines of direct can bring about removal from the AICPA. This without anyone else does not

    keep a CPA from honing open bookkeeping, but rather it unquestionably is a profound social

    endorse. All ejections from the AICPA for an infringement of the principles are distributed in the

    CPA Newsletter, a production that is conveyed to all AICPA individuals, and in The Wall Street

    Journal."

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