Team Reflection

There are several rules and regulations set in call in to ensure that business present financial information to galore(postnominal) a(prenominal) external users precisely and not un honourablely. The AICPA, which stands for the American Institute of charge Public Institute, provides pro services to business. Professional services that absorb sure accurate financial information is presented to the public. The AICPA jurisprudence of sea captain take aim bes of ethical requirements which members must adhere to. The law of conduct is split up into two main divisions. These divisions consist of principles and rules. The principles monitor the values that are important to the association. The rules provide an specify for manifest public accountants (CPA) to obey in accordance with the establishment principles. This is considered the free-baseing of ethical reasoning in accounting because it lays down the design rules for CPAs to stick to. The pr inciples and rules provide guidelines for CPAs to follow to ensure accurate and sea captain accounting services to the public. I think there are third main purposes of the recruit of professional conduct. These are integrity, independence and objectivity.

Independence is permitting the performance of an lay down service without being affected by influences that compromise professional judgment. Integrity ensures that CPAs do not collaborator judgment and give into the pressure to go along with materially misstated financial statements. The reason I think these are the tether main purposes because they each ;provide guidelines for being ethical and doing what is compens ate without being influenced by anyone. Bei! ng influenced by CFOs or CEOs can be punk because a person might not know whether to gear up wind to them or to themselves. Creating a will power to be ethical in these types of situations is rewarding and of course is the right issue to do. Providing accurate and ethical financial statements to the public is the right affair to do. These...If you indigence to get a full essay, order it on our website: OrderEssay.net

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