|
Generally Accepted Accounting Principles
|
| U.S. GAAP Codification | Accounting Topics |
|
Professional Ethics Rules |
| Principles of Accounting, U.S. GAAP Financial Reporting Guide |
| Accounting by Topic, Accounting Terms Dictionary |
| AICPA Code of Professional Conduct |
AICPA: American Institute of Certified Public Accountants (https://www.aicpa.org) Adoption and Amendments a. Adopted, January 12, 1988 b. Amended, January 14, 1992 c. Amended, October 28, 1997 Two Sections a. Section 1: The Principles b. Section 2: The Rules Other Ethics Guidance a. Interpretations of Rules of Conduct b. Ethics Rulings Principles of Professional Conduct a. Article I: Responsibilities --> should exercise sensitive professional and moral judgments b. Article II: The Public Interest --> serve the public interest --> honor the public trust d. Article III: Integrity --> perform responsibilities with the highest sense of integrity --> adherence to moral and ethical codes d. Article IV: Objectivity and Independence --> should be independent in fact and appearance e. Article V: Due Care --> observe technical and ethical standards of the profession f. Article VI: Scope and Nature of Services --> observe code of professional conducts in determining the scope and nature of services Rules of Professional Conduct a. Rule 101: Independence b. Rule 102: Integrity and Objectivity --> should be free of conflicts of interest c. Rule 201: General Standards A. Professional Competence B. Due Professional Care C. Planning and Supervision D. Sufficient Relevant Data d. Rule 202: Compliance with Standards e. Rule 203: Accounting Principles f. Rule 301: Confidential Client Information g. Rule 302: Contingent Fees h. Rule 501: Acts Discreditable i. Rule 502: Advertising and Other Forms of Solicitation j. Rule 503: Commissions and Referral Fees k. Rule 504: Deleted l. Rule 505: Form of Organization and Name Interpretations of Rules of Conduct a. Interpretations of Rule 101 --> 101-1, 101-2, 101-3, 101-4, 101-5, 101-6 101-8, 101-10, 101-11, 101-12, 101-14 b. Interpretations of Rule 102 --> 102-1, 102-2, 102-3, 102-4, 102-5, 102-6 |
| IFAC Code of Ethics for Professional Accountants |
IFAC: International Federation of Accountants (https://www.ifac.org) Adoption and Revisions a. Adopted, July 1996 b. Revised, January 1998 c. Revised, November 2001 Objectives a. Credibility b. Professionalism c. Quality of Services d. Confidence Fundamental Principles a. Integrity --> should be straightforward and honest b. Objectivity --> should be fair --> should not allow bias or conflicts of interest c. Professional Competence and Due Care --> perform services with due care, competence and diligence d. Confidentiality --> should not use or disclose confidential information e. Professional Behavior --> should act in a manner consistent with the good reputation of the profession f. Technical Standards --> perform services in accordance with technical and professional standards Three Parts of the Code a. Part A: Applicable to All Professional Accountants b. Part B: Applicable to Professional Accountants in Public Practice c. Part C: Applicable to Employed Professional Accountants 18 Sections of the Code Part A: Applicable to All Professional Accountants Section 1: Integrity and Objectivity Section 2: Resolution of Ethical Conflicts Section 3: Professional Competence Section 4: Confidentiality Section 5: Tax Practice Section 6: Cross Border Activities Section 7: Publicity Part B: Applicable to Professional Accountants in Public Practice Section 8: Independence Section 9: Professional Competence and Responsibilities Regarding the Use of Non-Accountants Section 10: Fees and Commissions Section 11: Activities and Incompatible with the Practice of Public Accountancy Section 12: Clients' Monies Section 13: Relations with Other Professional Accountants in Public Practice Section 14: Advertising and Solicitation Part C: Applicable to Employed Professional Accountants Section 15: Conflict of Loyalties Section 16: Support for Professional Colleagues Section 17: Professional Competence Section 18: Presentation of Information |
| U.S. GAAP by Topic Statements of Financial Accounting Standards (SFAS) |
| Copyright © CPAclass.comTM Legal Disclaimer |