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Assignment 1 - 1 Abstract Ethics is of most importance to...

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1 Abstract Ethics is of most importance to accounting professionals and those who rely on their services. CPA’s have an obligation to serve their clients and the public with a strict code of ethics. The Code of Professional Conduct of the American Institute of CPAs (AICPA) establishes ethical principles and rules of conduct for its members. The principles set in place by the AICPA provide universal guidelines that CPAs should strive to follow.
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2 CPA’s should serve as their client’s moral conscience. As professionals, they serve a critical role in society. They also have a responsibility to continue to improve their skills, maintain the public’s respect and confidence, and sustain their own self governance. CPA’s who are members of the AICPA voluntarily pledge to uphold a code of professional conduct that governs their behavior (Colson, R.H., 2003). CPA’s should use those rules and guidelines as a foundation when consulting their clients on ethical and moral issues. One way CPA’s can enhance their value is by serving as a moral conscience for their clients. If CPA’s observed or may be suspicious of their client’s behavior as unethical or immoral, they should make efforts to meet with those clients and assess the situation.
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