Code Of Professional Ethics By American Institute Of Certified Public E

canon of sea captain ethics by Ameri nominate Institute of Certified in the public eye(predicate) AccountantsIntroduction"A mark of professional ethics is a voluntary assumption of self surveyabove and beyond the requirements of the law. The Code of Ethical Conduct servesthe highly virtual(a) purpose to notify the normal that the profession willprotect the public interest" (Carey, Doherty p 3). When people need a doctor, a attorney or a certified public accountant, they seek someone whom they can trustto do a good job, not for himself but for them. population assume that the hiredprofessional is qualified since they cannot appraise him. They must make do it onfaith that he is competent. That is wherefore professionals are distinguished frombusinesses and why there is a need for ethical regulations.The Code of Professional EthicsThe Code of Professional Ethics for public accountants was developed by theAmerican Institute of Public Accountant and includes four diffe rent categories.The first, Concepts of Professional Ethics, establishes major requirements forcertified public accountants in different areas of their day-to-day professional activities. The mainparts of the Code are independence, Integrity and Objectivity in the practiceof public chronicle, competency and technical standards, Responsibilities toclients, Responsibilities to colleagues and Other responsibilities andPractices. Independence has always been the fundamental concept to theaccounting profession. In fact it is the most essential to the practice of allprofessions. The fiscal reports produced by certified public accountants would be of little value tothe public unless CPAs maintain their independence. Independence has always beenassociated with integrity and objectivity. Since faults on financialstatements whitethorn be the way out of either a honest mistake or a deficiency of integrityit is imperative to associate the notion of independence with the objectivityand integ rity. As part of the requirements by the Code of ethics, CPA shouldavoid any relationships that may result in the CPAs becoming dependent on theparticular client. such(prenominal) relationships include financial interests and clientmanagement. It is very beta that the opinion of the CPA reflects theresults of operating decisions taken by the client and not any primal ideaswhich may be the case if a CPA takes part in the decision making process of thecompany.Another important ... ... ofparticular cases given over under Ethics Rulings.In addition to the standards described above, state CPA institutions and othergovernment establish their own ethical standards.ConclusionProfessional ethics is interested with serviceman behaviour and human relations. Ashuman society becomes more complicated, so do the codes of professional conduct.The purpose of the rules is to appeal and increase public confidence anddiscourage behaviour inconsistent with the interpret of profession. Publicconfi dence may even be more important to the public accountant than to any otherprofessional because CPAs are concerned not only about their clients but alsoabout those who desire on their reports. The code of ethical conduct providesmembers of the profession with the rules that were worked out on the historicalbasis to attract the confidence of the public. Therefore, the rules of ethicsare the buns of public confidence.Works CitedJohn L. Carey and William O. Doherty. Ethical Standards of the AccountingProfession. New York American Institute of Certified Public Accountants, 1966American Institute of Certified Public Accountants. Code of Professional Ethics.New York AICPA, 1977