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Source of regulation for Accountants

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What are the formal and informal sources of regulations for accountants? What are some consequences of violating these regulations?

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Solution Summary

The solution first qualifies the question to those accountants who are licensed by a governmental entity, and from whom the public expectations are the highest. A list of about 10 sources of both formal and informal regulations are given in the problem followed by seven possible consequences of perceived violations of the regulations.

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I've interpreted your question to mean
1. independent accountants including CPAs and CAs (in Canada) as opposed to degreed accountants working in industry
2. regulations meaning professional behavior rather than task-oriented sources of information

If I assumed correctly, then we are talking about licensed CPAs (CAs) for whom the general public expects a ...

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