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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?

    © BrainMass Inc. brainmass.com March 4, 2021, 8:05 pm ad1c9bdddf

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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 ...

    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.