ugaud.ch19 - automatically violates rules of conduct Rules...

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11 Code of Professional Conduct (AICPA) The code covers all services CPAs provide , including consulting and tax services. (GAAS defines quality of an audit ). Chapter 19
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22 Code of Professional Conduct of AICPA Includes Both Principles and Principles: general, not really enforceable outline highest level of service CPA is expected to perform . Rules: detailed explicit rules are enforceable outline minimum level of service CPA is expected to perform.
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33 Rules of Conduct Rule 101: Independence : What are independence in fact vs. appearance ? For which services must a CPA be independent? Rule 102: Objectivity and Integrity: When can the CPA be an advocate? Section 100 Rules: relate to the character of the CPA
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44 Section 200 Rules : make pronouncements of the AICPA binding. Rule 201: General Standards. Like the auditing standards, but apply to all services . : Makes clear that violating standards and GAAP
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Unformatted text preview: automatically violates rules of conduct. Rules of Conduct 55 Section 300 Rules: Deal with relations with clients Rule 301: Confidentiality - is information “privileged”? Rule 302 : Contingent fees - what if your costs are higher due to the nature of the audit? Rules of Conduct 66 Section 400 Rules: Rules for this section do not currently exist. They related to Responsibilities to Colleagues (including not hiring away their employees, not trying to get their clients, etc.), but were repealed in the 1970s because the U.S. Justice Department and the FTC found the rules to be anticompetitive. Rules of Conduct 77 Section 500 Rules: Other Responsibilities and Practices Does not allow the CPA to commit discreditable acts, falsely advertise, work for commission, etc. Rules of Conduct...
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This note was uploaded on 05/13/2011 for the course BUSACC 1238 taught by Professor Hoffman during the Spring '11 term at Pittsburgh.

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ugaud.ch19 - automatically violates rules of conduct Rules...

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