Discussion: AICPA Professional Code of Conduct

When dealing with issues such as professional ethics, the stakes can be high. This is why such care is taken to painstakingly clarify terms such as integrity and independence in the AICPA Professional Code of Conduct, as they could otherwise be open to interpretation. In this week’s discussion, you will find illustrative examples of these key principles to share and discuss with your peers.

First, review the terms and definitions identified in the “Principles of Professional Conduct” section of the preamble to the AICPA Professional Code of Conduct. Select one of the principles (e.g., responsibilities, public interest, integrity, objectivity and independence, due care, or scope and nature of services) and research a current event that demonstrates that principle being threatened or otherwise not adhered to. (This does not need to be a case strictly about accounting—it could be any relevant business scenario. If you have trouble finding a current event, you can create a hypothetical scenario related to your final project business.)

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In your responses to your peers, consider what safeguards could be applied to address the scenarios that your peers have presented. How would you act in that scenario? What actions or strategies could you or others take to remediate the ethical issues?

To complete this assignment, review the Discussion Rubric document.


Peer Post 1

Holly Eaton

The Aicpa is a code of conduct is to ensure that its members serve the interests of their clients with a high degree of integrity, technical competency, and diligence. Gives them rules and guidelines to follow as well. So a scenario that would fit in the general standard rules is not following protocol. Say Dave was my CPA and recorded a sale of merchandise on the last day of the third quarter. Dave never received notification of a sales invoice or record to ascertain that the sales transaction had actually occurred or gone through. Although this was a departure from company policy, Dave recorded the transaction without confirming the transaction was completed. Dave did not exercise his professional care and had a responsibility to obtain efficient up to date records that would provide him with thge knowledge he needed to perform his job duties. Therefore this would be coinsidered a violation of general standard rules.

Peer Post 2

Chemaya Stephenson

The Aicpa is a code of conduct that provides guidance and rules to all members and help establish a performance scale in ones professional responsibilities. The principles of the Aicpa are responsibilities, the public interest, integrity, objectivity, independence, and preamble. There are alot of current events that are in violation with the public interest code. Mainly, the public interest code is to ensure trust people and the organization and ensure privacy between ones information. With the recent data breaches in big corporations and credit unions it is in violation of the people interest because that information is now public knowledge which of course breaks the privacy agreement between customer and the organization.

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