Code of Professional Ethics and Conduct
The AICPA adopted a Code of Professional Ethics and Conduct do up of various rules to provide guidance to shares on the performance of their professional responsibilities (Strayer, 2011). All of the rules set forth by the CPA are enforceable under the AICPA bylaws. These bylaws enforced by the Joint Ethics Enforcement Program which is sponsored by the AICPA and individual express societies for CPAs. For the sake of this paper we will be looking at four individual case studies pertaining to rule 102 justness and objectivity, rule 201 general standards, rule 202 compliance with standards, and rule 501 acts discreditable. individually case covers a violation of one or to a greater extent of the rules and the enforcement actions taken against the individuals in violation.
In 2005, David C Volpe of Stoughton, MA, acting caput financial officer and consultant of Chancellor Corp was embed in violation of this rule as well as rule 501, acts discreditable.
His actions pertaining to rule 102 were directly or indirectly made or caused to be made materially false or misleading statements, or dominateted to state or caused another to omit or to state material facts necessary in couch to make Chancellor Corps financial statements not misleading to the outside auditors (AICPA, 2005). These actions pertain to Chancellors financial statements filed with the SEC on forms 10-KSB and 10-QSB for the year ended December 31, 1998 and bum ended March 31, 1999. The first case pertains to rule 102 of the code. design 102 states In the performance of any professional service, a member shall maintain objectivity and integrity, shall be free from conflicts of interest, and shall not wittingly misrepresent facts or subordinate his or her judgment to others (AICPA, 1988). In response to presenting materially false and misleading...If you want to get a full essay, order it on our website: Orderessay
If you want to get a full essay, wisit our page: write my essay .
No comments:
Post a Comment