Week1 aicpa code of professional conduct

English US Why is it considered as the foundation of ethical reasoning in accounting? It is indeed considered to be the backbone of ethical reasoning in the field of accounting.

Week1 aicpa code of professional conduct

Our Code is divided into five sections: Section A contains a statement of aspirational principles that constitute the ideals to which we are committed. We shall strive to act in accordance with our stated Week1 aicpa code of professional conduct. However, an allegation that we failed to achieve our aspirational principles cannot be the subject of a misconduct charge or be a cause for disciplinary action.

Section B contains rules of conduct to which we are held accountable. If we violate any of these rules, we can be the object of a charge of misconduct and shall have the responsibility of responding to and cooperating with the investigation and enforcement procedures.

If we are found to be blameworthy by the AICP Ethics Committee, we shall be subject to the imposition of sanctions that may include loss of our certification. Section C contains the procedural provisions of the Code that describe how one may obtain either a formal or informal advisory ruling, as well as the requirements for an annual report.

Section D contains the procedural provisions that detail how a complaint of misconduct can be filed, as well as how these complaints are investigated and adjudicated. Section E contains procedural provisions regarding the forms of disciplinary actions against a planner, including those situations where a planner is convicted of a serious crime or other conduct inconsistent with the responsibilities of a certified planner.

The principles to which we subscribe in Sections A and B of the Code derive from the special responsibility of our profession to serve the public interest with compassion for the welfare of all people and, as professionals, to our obligation to act with high integrity.

As the basic values of society can come into competition with each other, so can the aspirational principles we espouse under this Code. An ethical judgment often requires a conscientious balancing, based on the facts and context of a particular situation and on the precepts of the entire Code.

As Certified Planners, all of us are also members of the American Planning Association and share in the goal of building better, more inclusive communities. We want the public to be aware of the principles by which we practice our profession in the quest of that goal.

We sincerely hope that the public will respect the commitments we make to our employers and clients, our fellow professionals, and all other persons whose interests we affect.

Principles to Which We Aspire 1. Our Overall Responsibility to the Public Our primary obligation is to serve the public interest and we, therefore, owe our allegiance to a conscientiously attained concept of the public interest that is formulated through continuous and open debate.

We shall achieve high standards of professional integrity, proficiency, and knowledge. To comply with our obligation to the public, we aspire to the following principles: Participation should be broad enough to include those who lack formal organization or influence.

We shall urge the alteration of policies, institutions, and decisions that oppose such needs. Those of us who are public officials or employees shall also deal evenhandedly with all planning process participants. Our Responsibility to Our Clients and Employers We owe diligent, creative, and competent performance of the work we do in pursuit of our client or employer's interest.

Such performance, however, shall always be consistent with our faithful service to the public interest. Our Responsibility to Our Profession and Colleagues We shall contribute to the development of, and respect for, our profession by improving knowledge and techniques, making work relevant to solutions of community problems, and increasing public understanding of planning activities.

Our Rules of Conduct We adhere to the following Rules of Conduct, and we understand that our Institute will enforce compliance with them. If we fail to adhere to these Rules, we could receive sanctions, the ultimate being the loss of our certification: We shall not deliberately or with reckless indifference fail to provide adequate, timely, clear and accurate information on planning issues.

We shall not accept an assignment from a client or employer when the services to be performed involve conduct that we know to be illegal or in violation of these rules. We shall not accept an assignment from a client or employer to publicly advocate a position on a planning issue that is indistinguishably adverse to a position we publicly advocated for a previous client or employer within the past three years unless 1 we determine in good faith after consultation with other qualified professionals that our change of position will not cause present detriment to our previous client or employer, and 2 we make full written disclosure of the conflict to our current client or employer and receive written permission to proceed with the assignment.

We shall not, as salaried employees, undertake other employment in planning or a related profession, whether or not for pay, without having made full written disclosure to the employer who furnishes our salary and having received subsequent written permission to undertake additional employment, unless our employer has a written policy which expressly dispenses with a need to obtain such consent.

We shall not, as public officials or employees, accept from anyone other than our public employer any compensation, commission, rebate, or other advantage that may be perceived as related to our public office or employment.

We shall not perform work on a project for a client or employer if, in addition to the agreed upon compensation from our client or employer, there is a possibility for direct personal or financial gain to us, our family members, or persons living in our household, unless our client or employer, after full written disclosure from us, consents in writing to the arrangement.

We shall not use to our personal advantage, nor that of a subsequent client or employer, information gained in a professional relationship that the client or employer has requested be held inviolate or that we should recognize as confidential because its disclosure could result in embarrassment or other detriment to the client or employer.

Nor shall we disclose such confidential information except when 1 required by process of law, or 2 required to prevent a clear violation of law, or 3 required to prevent a substantial injury to the public.

Disclosure pursuant to 2 and 3 shall not be made until after we have verified the facts and issues involved and, when practicable, exhausted efforts to obtain reconsideration of the matter and have sought separate opinions on the issue from other qualified professionals employed by our client or employer.The AICPA Code of Professional Conduct is a collection of codified statements issued by the American Institute of Certified Public Accountants that outline a CPA's ethical and professional .

The AICPA code of professional conduct begins with the preface which applies to all members, and the code is presented in 3 parts: a) Part 1: This part is applied to the members who practice the profession in the public area. This course explains the AICPA Code of Professional Conduct, which all members of the AICPA must follow.

Covering the basic tenets of ethical and professional conduct, the course as reviews the principles of ethics and explains why the code is necessary and how it is organized.

Week1 aicpa code of professional conduct

acct week 5 assignment aicpa code of professional conduct The AICPA code of professional conduct begins with the preface which applies to all members, and the code is presented in 3 parts: 1. a)Part 1:This part is applied to the members who practice the profession in the public area.

AICPA Code of Professional Conduct. Ethics, integrity & professionalism. Back Log in to save to My Learning Log in to comment/reflect Like.

The American Institute of Certified Public Accountants (AICPA) has outlined the expected Code of Conduct for accounting professionals. level of the public towards the profession is a core ethical requirement under the Rules and Articles described in the AICPA’s Professional Code of Conduct.

Furthermore, client protection is the second.

AICPA Code of Professional Conduct [FREE Template!]