Code Of Professional Ethics By American Institute Of Certified Public
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Title: Code Of Professional Ethics By American Institute Of Certified Public

Essay Details:

Subject: Business
Author: Thomas L
Date: April 21, 2012
Level: University
Grade: A
Length: 5 / 1261

Essay text:

People assume that the hired professional is qualified since they cannot appraise him. They must take it on faith that he is competent. That is why professionals are distinguished from businesses and why there is a need for ethical regulations. The Code of Professional Ethics The Code of Professional Ethics for public accountants was developed by the American Institute of Public Accountant and includes four different categories. The first, Concepts of Professional Ethics, establishes major requirements for CPAs in different areas of their day-to-day professional activities. The main parts of the Code are: Independence, Integrity and Objectivity in the practice of public accounting, Competence and technical standards, Responsibilities to clients, Responsibilities to colleagues and Other responsibilities and Practices...

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