What are the three categories of members under the AICPA Code of Professional Conduct?

What are the three categories of members under the AICPA Code of Professional Conduct?

What are the three types of AICPA members, according to the AICPA Code of Professional Conduct? A. Members in public practice, members in private practice, and business members. B. Full-time employees of an association or its subsidiary. C. Part-time employees of an association or its subsidiary who perform work for more than one association or its subsidiary without receiving a separate payment from each organization. D. Individuals who provide services as consultants to associations or their subsidiaries.

In order for an individual to be considered for appointment to AICPA membership, they must meet all eligibility requirements for AICPA membership set forth in the bylaws. If you have any questions about whether you qualify as a member of the AICPA, please contact your local AICPA office.

Membership in the AICPA constitutes consent to the publication of the results of its annual ethics survey.

The AICPA does not require its members to subscribe to any particular code of conduct. However, given the nature of some of our members' activities, it is important that they act with integrity and comply with all applicable laws and regulations. For this reason, every AICPA member is expected to comply with the AICPA Code of Professional Conduct.

What are the four parts of the AICPA code of professional conduct?

The AICPA Code of Professional Conduct is divided into four sections: principles, rules of conduct, interpretations of the rules of conduct, and ethical rulings. The first three sections address issues that may arise in any situation while the fourth section addresses more specific issues related to practice before the IRS.

Principles provide general guidelines for professional behavior. They include such statements as "A lawyer should assist in enforcing law and maintain professional competence," "A lawyer should act with zeal in promoting justice and be faithful to his or her oath," and "A lawyer should comply with laws regulating the profession." Principles can also include caveats or exceptions that limit or modify their application. For example, the principle that a lawyer should act with zeal in promoting justice does not mean that all forms of advertising are permitted during trial. Rather, it means that an attorney should use good judgment in determining what forms of advertising will help him or her best represent a client's case.

Rules of conduct set forth specific duties imposed on members by membership in the AICPA. These include requirements that lawyers not engage in illegal conduct or conduct contrary to established public policy and that they maintain adequate records of services performed and expenses incurred on behalf of clients.

Which organization adopted the code of professional conduct?

Professional Conduct Code of the AICPA.

The AICPA developed the first formal code of ethics for accountants in 1936. The American Institute of Certified Public Accountants originally called it the "Code of Ethics." In 1981, it was renamed to its current title to more accurately reflect the fact that it sets forth standards for professional conduct rather than merely describing the nature of an accountant's services. The code is made up of six sections: requirements for licensees, general principles, professional services, scope of practice, independence, and communication.

What does the term "professional" as used in the title of this code mean?

It means that a person must meet certain qualifications to be awarded a license by the AICPA. In addition, he or she must comply with the code of conduct in order to maintain that license. The code states that such people provide "professional advice or service" only if they have received adequate education and training, are qualified by experience to do so, and follow other practices designed to ensure that they give sound advice and service.

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