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AICPA Code o Conduct
Chapter 19 Professional Code of Conduct Rules
| Term | Definition |
|---|---|
| integrity and objectivity | in the performance of any professional service, a member shall maintain objectivity and integrity, shall be free of conflicts of interest, and shall not knowingly misrepresent facts or subordinate his or her judgement to others |
| independence | a member in public practice shall be independent in the performance of professional services as required by standards promulgated by bodies designated by Council |
| general standards | a member shall comply with the following standouts and with any interpretations thereof by bodies designated by the Council: A. professional competence B. due professional care C. planning and supervision D. sufficient relevant data |
| compliance with standards | a member who performs auditing, review, compilation, management consulting, tax, or other professional services shall comply with standards promulgated by bodies designated by Council |
| accounting principles | a member shall not (1) express an opinion that the financial statements or other financial data of any entity are presented in conformity with generally accepted accounting principles or (2) state that they are not aware of any material modifications |
| acts discreditable | a member shall not commit an act discreditable to the profession |
| contingent fees | a member in public practice shall not (1) perform for a contingent fee any professional services for a client whom the member performs, an audit or review of a financial statement or (2) prepare an amended tax return or claim for a tax refund |
| commissions and referral fees | a member in public practice shall not for a commission recommend or refer to any client any product or service for a commission |
| advertising and other forms of solicitations | a member in public practice shall not seek to obtain clients by advertising or other forms of solicitation in a manner that is false, misleading, or deceptive. Solicitation by the use of coercion, overreaching, or harassing conduct is prohibited |
| confidential client information | a member in public practice shall not disclose any confidential client information without the specific consent of the client and members shall not use to their advantage/disclose any members confidential client information that comes to their attention |
| form of organization and name | a member may practice public accounting only in a form of organization permitted by law or regulation whose characteristics conform to the resolutions of Council and no misleading names |
| integrity and objectivity | in the performance of any professional service, a member shall maintain objectivity and integrity, shall be free of conflicts of interest, and shall not knowingly misrepresent facts or subordinate his or her judgement to others |
| independence | a member in public practice shall be independent in the performance of professional services as required by standards promulgated by bodies designated by Council |
| general standards | a member shall comply with the following standouts and with any interpretations thereof by bodies designated by the Council: A. professional competence B. due professional care C. planning and supervision D. sufficient relevant data |
| compliance with standards | a member who performs auditing, review, compilation, management consulting, tax, or other professional services shall comply with standards promulgated by bodies designated by Council |
| accounting principles | a member shall not (1) express an opinion that the financial statements or other financial data of any entity are presented in conformity with generally accepted accounting principles or (2) state that they are not aware of any material modifications |
| acts discreditable | a member shall not commit an act discreditable to the profession |
| contingent fees | a member in public practice shall not (1) perform for a contingent fee any professional services for a client whom the member performs, an audit or review of a financial statement or (2) prepare an amended tax return or claim for a tax refund |
| commissions and referral fees | a member in public practice shall not for a commission recommend or refer to any client any product or service for a commission |
| advertising and other forms of solicitations | a member in public practice shall not seek to obtain clients by advertising or other forms of solicitation in a manner that is false, misleading, or deceptive. Solicitation by the use of coercion, overreaching, or harassing conduct is prohibited |
| confidential client information | a member in public practice shall not disclose any confidential client information without the specific consent of the client and members shall not use to their advantage/disclose any members confidential client information that comes to their attention |
| form of organization and name | a member may practice public accounting only in a form of organization permitted by law or regulation whose characteristics conform to the resolutions of Council and no misleading names |
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