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Discuss the Reasons for the AICPA's Code of Conduct

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Certified Public Accountants have imposed on themselves a rigorous code of professional conduct. Discuss the reasons for the accounting profession's adopting a code of professional conduct.

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Solution Summary

Four reasons are given and explained in everyday language suitable for a novice.

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Here is an excerpt from the AICPA's code of professional conduct preamble:

"These Principles of the Code of Professional Conduct of the American Institute of Certified Public Accountants express the profession's recognition of its responsibilities to the public, to clients, and to colleagues. They guide members in the performance of their professional responsibilities and express the basic tenets of ethical and professional conduct. The Principles call for an unswerving ...

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Carol Sargent, PhD
Education
  • BSc, University of Virginia
  • MSc, University of Virginia
  • PhD, Georgia State University
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