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CPA Ethical Situations in the US

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Answer the following questions:
• What additional guidelines requirements are related to ethics are required to ensure consistency of CPAs across the nation? (Other than the normal CPA state requirements)
• What are some examples of ethics violations?
• Why do you think these situations were considered unethical (i.e., what was wrong with the situation)?

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Solution Summary

This solution discusses ethics requirements in regards to CPA's across the nation, examples of ethics violations, and why these situations were considered unethical. Each question is thoroughly discussed.

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• What additional guidelines requirements are related to ethics are required to ensure consistency of CPAs across the nation? (Other than the normal CPA state requirements)

- Ethical guidelines for CPA's are issued by the PCAOB in relation to SOX (the Public Company Accounting Oversight Board in relation to the Sarbanes-Oxley Act), by the Securities Exchange Commission (SEC), by the AICPA (American Institute of Certified Public Accountants), and by the IRS (Internal Revenue Service).

CPA's must adhere to all ethical guidelines issued by all agencies. Due to the inherent nature of ethical behavior, we generally find that the guidelines are consistent among the agencies. For instance, if ...

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