AICPA Ethics Exam Verified With Complet
m m m m m
e Solutions
m
Ethical mdecision-makingmmodel m-mAnswermStepm1mRecognizemthemethical missue
Stepm2mGathermcritical mfacts
Stepm3mIdentifymStakeholders
Stepm4mConsidermAlternatives
Stepm5mConsidermthemeffectmof mStakeholders
Stepm6mConsidermyourmcomfortmlevel
Stepm7mConsidermrules,mregulations,mandmlaws
Stepm8mMakemamdecision
Stepm9mDocumentmefforts
Stepm10mEvaluatemthemoutcome
Themaccountingmprofession m-mAnswerm1.mIn mPublicmPractice-publicmaccountingmpractice
2.mIn mBusiness-notmformprofitmormprivatemfirm
Professional mandmregulatorymbodiesm-
mAnswerm1.mAmerican mInstitute mof mCertified mPublicmAccountantsm(AICPA)-
In mfulfillingmitsmmission,mthemAICPAmworksmwithmstatemCPAmsocietiesmandmstatemaccountan
cymboards,mgivingmprioritymtomthosemareasmwherempublicmreliancemonmCPAmskillsmismmostmsi
gnificant.
-
ThemAICPAmProfessional mEthicsmExecutivemCommitteem(PEEC)mpromulgatesmandmenforc
esmethicsmandmindependencemrulesmthatmapplymtomallmmembers.
2.mU.S.mSecuritiesmandmExchangemCommission m(SEC)-
Itsmmission mismtomimprovemthemprofessional mperformancemofmpublicmcompanymauditorsmtome
nsuremthatmfinancial mstatementsmarempresentedmfairlymandmhavemcredibility.
3.mPublicmCompanymAccountingmOversightmBoardm(PCAOB)-ThemSarbanes-
OxleymActmof m2002mcreatedmandmauthorizedmthemPCAOBmtomestablishmauditingmandmrelate
dmattestation,mqualitymcontrol,methics,mandmindependencemstandardsmformpublicmcompanym
auditors.mThemSEC moverseesmthemPCAOB'smactivities.
4.mU.S.mGovernmentmAccountabilitymOfficem(GAO)-
ThemGAOmissuesmethicsmandmindependencemrulesmthatmapplymtomengagementsmperformed
mundermgenerallymaccepted mgovernmentmauditing mstandardsm(GAGAS).mThesemgovernme
ntal mstandardsmarempublishedmasmGovernmentmAuditingmStandards,mcommonlymreferredmt
omasmthem"Yellow mBook."
5.mU.S.mDepartmentmof mLaborm(DOL)-
Auditorsmof memployeembenefitmplansmthatmfilemreportsmwith mthemDOLmshouldmbemawaremof mt
hemDOLminterpretivembulletin mon mindependence.
6.mU.S.mDepartmentmof mthemTreasury/Internal mRevenuemServicem(IRS)-
ThemInternal mRevenuemCodem(IRC)mauthorizesmthemSecretarymof mthemTreasurymtomsetmrule
smandmregulationsmnecessarymtomenforcemthemU.S.mtaxmlaws.mTreasurymDepartmentmCircul
armNo.m230mgovernsmfederal mtaxmpracticembeforemthemIRSmbymCPAs,menrolledmagents,matto
rneys,mandmactuariesmandmthemIRSmOfficemofmProfessional mResponsibilitym(OPR)mthatmenfo
rcesmthesemregulations.
,AICPA Ethics Exam Verified With Complet
m m m m m
e Solutions
m
7.mStatemboardsmof maccountancy-
Statemboardsmof maccountancymaremchargedmwithmissuingmCPAmlicensesmandmoverseeingmt
hemethical mconductmofmCPAsminm55mjurisdictionsminmthemUnitedmStates.mItmismcriticallymimpor
tantmformCPAsmtomknowmtheirmstatemboard'smrequirements.mIf myoumaremlicensedmbymmoremth
an monemstatemboardmormpracticeminmothermstatesmundermtheirmmobilitymlaws,myou mshouldmfa
miliarizemyourself mwith meach mstate'smrequirements.
8.mInternational mFederation mof mAccountantsm(IFAC)-
ThemIFAC msupportsmfourmindependencemstandard-
settingmbodiesmthatmdevelopmstandardsmformauditing,meducation,methics,mandmpublicmsector
mfinancialmreporting minmthemaccounting mprofession mglobally.mIFAC malsompromotesmgoodmeth
icalmpracticesmbymencouragingmprofessional maccountingmorganizationsmthroughoutmthemwo
rldmtomadoptmhighmethical mstandardsmandmhelpsmfostermmeaningfulmdebatemonmethicalmissue
smthatmaccountantsmface.mThemIFAC'smInternationalmEthicsmStandardsmBoardmformAccount
antsm(IESBA)mdevelopsmethicalmstandardsmandmguidancemformusembymprofessional maccoun
tants.mThemIESBAmethical mstandardsmappearminmthemInternational mCodemofmEthicsmformProf
essional mAccountantsm(includingmInternationalmIndependencemStandards)m(IESBAmcode),
mwhichmservesmasmamglobalmbenchmarkmformcodesmof methics.mMembermbodies,msuchmasmthe
mAICPA min mthemUnitedmStates,magreemtommaintainmethicsmandmothermprofessional mstandard
smthatmmeetmthismglobalmbenchmark.mAsmamresult,mthemIESBAmcodemhasminfluencedmandmwi
llmcontinuemtominfluencemthemAICPAmcode.
9.mOthers-
In maddition,mbanking,mandminsurancemregulators,msuchmasmthemU.S.mFederal mDepositmInsur
ancemCorporation m(FDIC)mandmstateminsurancemregulators,mincorporatemthemAICPA,mSEC,
mandmPCAOB mrulesmintomtheirmregulatorymrequirements.mFinally,mstatemCPAmsocietiesmalso
mhavemethicsmcodesm(often,mtheymadoptmthemAICPA mcode)mthatmstatemsocietymmembersmagr
eemtomabidemby.In msomemcases,myoummaymbemsubjectmtomrulesmof mdifferentmbodies.mFormex
ample,mauditorsmof mpublicmcompaniesmneedmtomcomplymwithmthemindependencemrulesmofmth
emAICPA,mthemSEC,mandmthemPCAOB.mIf mmoremthanmonemrulemappliesmtomamsituation,myou m
shouldmapplymthemmostmrestrictivemrequirement.mAlthoughmwemwillmaddressmmanymofmthese
mrules,mthismcoursemfocusesmprimarilymon mamCPA'smobligations mundermthemAICPA mcode.
Codemof mConductm-
mAnswermWhenmsomethingmism"ethical," mitmisminmaccordancemwith mthemaccepted mprinciplesm
of mrightmandmwrongmgoverningmthemconductmof mamperson mormthemmembersmofmamprofession.
1
-
In mgeneral,mamcodemofmprofessionalmconductmdescribesmthembasicmtenetsmof methical mcondu
ctmin mamprofession,mwhethermaccounting,mmedicine,mormengineering.mProfessionsmthatmserv
emthempublicminterestmadoptmamcodemofmconductmtomhelpmmaintainmpublicmconfidenceminmthe
mprofession.
ThemAICPAmCodemof mProfessional mConductm(themcode)
,AICPA Ethics Exam Verified With Complet
m m m m m
e Solutions
m
1.mMembershipmin mthemAICPAmismvoluntary.mBymacceptingmmembership,mammembermassu
mesman mobligation mof mself-
disciplinemabovemandmbeyondmthemrequirementsmof mlawsmandmregulations.
2.mThemprinciplesmof mthemCodemofmProfessional mConductmof mthemAICPAmexpressmthemprofe
ssion'smrecognitionmofmitsmresponsibilitiesmtomthempublic,mtomclients,mandmtomcolleagues.mTh
eymguidemmembersminmthemperformancemofmtheirmprofessional mresponsibilitiesmandmexpres
smthembasicmtenetsmof methical mandmprofessional mconduct.mThemprinciplesmcall mformanmunswe
rvingmcommitmentmtomhonorablembehavior,mevenmatmthemsacrificemof mpersonal madvantage.
3.mThemfirstmtwomprinciplesminmthemcode,m"Responsibilities" mandm"ThemPublicmInterest,"msay
,min mpart,mthatm"[m]embersmof mthemAICPAmhavemresponsibilitiesmtomall mthosemwhomusemtheirm
professional mservices."mThemcodemalsomnotesmthatm"amdistinguishingmmarkmof mamprofession
mismacceptance mofmitsmresponsibility mtomthempublic." mThempublicminterestmismdefined masm"them
collectivemwell-
beingmof mthemcommunitymof mpeoplemandminstitutionsmthemprofession mserves."
4.mThesemprinciplesmalsomindicate,minmpart,mthatm"membersmshouldmexercisemsensitivemprof
essional mandmmoral mjudgmentsminmall mtheirmactivities."mMembersmshouldmalsomactmin mamma
nnermthatmservesmthempublicminterestmandmhonorsmthempublicmtrustmthatmismbestowedmuponmt
hemmasmammembermof mthemaccountingmprofession.
Structuremof mthemcode
1.mPreface-
Appliesmtomall mmembersmofmthemAICPA.mThemprefacemincludesman moverview mof mthemcode,m
describesmthemprinciples,mstructuremandmapplicationmofmthemcode,msetsmforth mthemdefinition
s,mandmprovidesminformation maboutmchangesmtomthemcodemandmnonauthoritativemguidance.
2.mPartm1-
Appliesmtommembersmin mpublicmpractice.mThesemmembersmworkminmaudit,mtax,mandmconsulti
ngmfirmsmthatmprovidemprofessional mservicesmtomclients.
3.mPartm2-
mAppliesmtommembersminmbusiness.mThesemmembersmworkminmorganizations minmexecutive,m
staff,mgovernance,madvisory,mormadministrativemcapacities.
4.mPartm3-
Themcodemismavailablemonlinematmhttps://pub.aicpa.org/codeofconduct/Ethics.aspx
Membersmof mthemAICPAmagreemtomcomplymwith mthemcodemasmamconditionmofmmembership,m
butmthemcodemappliesmtommanymnon-
AICPAmmembers,mtoo.mMostmstatemaccountancymboardsmadoptmthemcodemormpartsmof mthemc
odemundermtheirmlawsmormregulations,mmakingmthemAICPAmrulesmapplicablemtomthemCPAsmw
hompracticempublicmaccountingmin mthosemstatesmandmterritories.
Principlesmof mProfessional mConductm-
mAnswermThemPrinciplesmof mProfessional mConductm(ETmsec.m0.300)
, AICPA Ethics Exam Verified With Complet
m m m m m
e Solutions
m
1.mResponsibilities-
In mcarryingmoutmyourmprofessionalmresponsibilities,myoumshouldmexercisemsensitivemprofess
ional mandmmoral mjudgment.
2.mPublicmInterest-
You mshouldmactminmamwaymthatmwill mservemthempublicminterest,mhonormthempublicmtrust,mandm
demonstratemyourmcommitmentmtomprofessionalism.
3.mIntegrity-
Tommaintain mandmbroadenmpublicmconfidence,myoumshouldmperformmallmprofessional mrespo
nsibilitiesmwith mthemhighestmsensemof mintegrity.
4.mObjectivitymandmIndependence-
You mshouldmmaintainmobjectivitymandmbemfreemof mconflictsmofminterestminmdischargingmyourm
professional mduties.mIfmyoumworkmformampublicmaccountingmfirmmthatmprovidesmauditmandmoth
ermattestation mservices,myou mshouldmbemindependentmin mfactmandmappearance.
5.mDuemCare-
mYou mshould mobservemthemprofession'smtechnicalmandmethicalmstandards,mstrivemcontinuall
ymtomimprovemcompetencemandmthemqualitymofmservices,mandmdischargemprofessional mresp
onsibilitymtomthembestmof myourmability.mWhenmperformingmauditsmormothermattestmservices,md
uemcaremrequiresmCPAsmtomexercisemprofessional mskepticism.
6.mScopemandmNaturemof mServices-
Asmammembermin mpublicmpractice,myoumshouldmobservemthemprinciplesmofmthemCodemof mProf
essional mConductmin mdeterminingmthemscopemandmnaturemof mservicesmtombemperformed.
Rulesmof mconduct
1.mPartm1:mMembersmin mpublicmpractice:
1.100m—mIntegritymandmObjectivity
1.200m—mIndependence
1.300m—mGeneral mStandards
1.310m—mCompliancemwith mStandards
1.320m—mAccountingmPrinciples
1.400m—mActsmDiscreditable
1.500m—mFeesmandmOthermTypesmof mRemuneration
1.600m—mAdvertisingmandmOthermFormsmof mSolicitation
1.700m—mConfidential mInformation
1.800m—mFormmof mOrganization mandmName
2.mPartm2:mMembersmin mbusiness:
2.100m—mIntegritymandmObjectivity
2.300m—mGeneral mStandards
2.310m—mCompliancemWith mStandards
2.320m—mAccountingmPrinciples2.400m—mActsmDiscreditable
3.mPartm3:mOthermmembersm(neithermin mpublicmpracticemnormbusiness)mpanel mtext:
3.400m—mActsmDiscreditable
m m m m m
e Solutions
m
Ethical mdecision-makingmmodel m-mAnswermStepm1mRecognizemthemethical missue
Stepm2mGathermcritical mfacts
Stepm3mIdentifymStakeholders
Stepm4mConsidermAlternatives
Stepm5mConsidermthemeffectmof mStakeholders
Stepm6mConsidermyourmcomfortmlevel
Stepm7mConsidermrules,mregulations,mandmlaws
Stepm8mMakemamdecision
Stepm9mDocumentmefforts
Stepm10mEvaluatemthemoutcome
Themaccountingmprofession m-mAnswerm1.mIn mPublicmPractice-publicmaccountingmpractice
2.mIn mBusiness-notmformprofitmormprivatemfirm
Professional mandmregulatorymbodiesm-
mAnswerm1.mAmerican mInstitute mof mCertified mPublicmAccountantsm(AICPA)-
In mfulfillingmitsmmission,mthemAICPAmworksmwithmstatemCPAmsocietiesmandmstatemaccountan
cymboards,mgivingmprioritymtomthosemareasmwherempublicmreliancemonmCPAmskillsmismmostmsi
gnificant.
-
ThemAICPAmProfessional mEthicsmExecutivemCommitteem(PEEC)mpromulgatesmandmenforc
esmethicsmandmindependencemrulesmthatmapplymtomallmmembers.
2.mU.S.mSecuritiesmandmExchangemCommission m(SEC)-
Itsmmission mismtomimprovemthemprofessional mperformancemofmpublicmcompanymauditorsmtome
nsuremthatmfinancial mstatementsmarempresentedmfairlymandmhavemcredibility.
3.mPublicmCompanymAccountingmOversightmBoardm(PCAOB)-ThemSarbanes-
OxleymActmof m2002mcreatedmandmauthorizedmthemPCAOBmtomestablishmauditingmandmrelate
dmattestation,mqualitymcontrol,methics,mandmindependencemstandardsmformpublicmcompanym
auditors.mThemSEC moverseesmthemPCAOB'smactivities.
4.mU.S.mGovernmentmAccountabilitymOfficem(GAO)-
ThemGAOmissuesmethicsmandmindependencemrulesmthatmapplymtomengagementsmperformed
mundermgenerallymaccepted mgovernmentmauditing mstandardsm(GAGAS).mThesemgovernme
ntal mstandardsmarempublishedmasmGovernmentmAuditingmStandards,mcommonlymreferredmt
omasmthem"Yellow mBook."
5.mU.S.mDepartmentmof mLaborm(DOL)-
Auditorsmof memployeembenefitmplansmthatmfilemreportsmwith mthemDOLmshouldmbemawaremof mt
hemDOLminterpretivembulletin mon mindependence.
6.mU.S.mDepartmentmof mthemTreasury/Internal mRevenuemServicem(IRS)-
ThemInternal mRevenuemCodem(IRC)mauthorizesmthemSecretarymof mthemTreasurymtomsetmrule
smandmregulationsmnecessarymtomenforcemthemU.S.mtaxmlaws.mTreasurymDepartmentmCircul
armNo.m230mgovernsmfederal mtaxmpracticembeforemthemIRSmbymCPAs,menrolledmagents,matto
rneys,mandmactuariesmandmthemIRSmOfficemofmProfessional mResponsibilitym(OPR)mthatmenfo
rcesmthesemregulations.
,AICPA Ethics Exam Verified With Complet
m m m m m
e Solutions
m
7.mStatemboardsmof maccountancy-
Statemboardsmof maccountancymaremchargedmwithmissuingmCPAmlicensesmandmoverseeingmt
hemethical mconductmofmCPAsminm55mjurisdictionsminmthemUnitedmStates.mItmismcriticallymimpor
tantmformCPAsmtomknowmtheirmstatemboard'smrequirements.mIf myoumaremlicensedmbymmoremth
an monemstatemboardmormpracticeminmothermstatesmundermtheirmmobilitymlaws,myou mshouldmfa
miliarizemyourself mwith meach mstate'smrequirements.
8.mInternational mFederation mof mAccountantsm(IFAC)-
ThemIFAC msupportsmfourmindependencemstandard-
settingmbodiesmthatmdevelopmstandardsmformauditing,meducation,methics,mandmpublicmsector
mfinancialmreporting minmthemaccounting mprofession mglobally.mIFAC malsompromotesmgoodmeth
icalmpracticesmbymencouragingmprofessional maccountingmorganizationsmthroughoutmthemwo
rldmtomadoptmhighmethical mstandardsmandmhelpsmfostermmeaningfulmdebatemonmethicalmissue
smthatmaccountantsmface.mThemIFAC'smInternationalmEthicsmStandardsmBoardmformAccount
antsm(IESBA)mdevelopsmethicalmstandardsmandmguidancemformusembymprofessional maccoun
tants.mThemIESBAmethical mstandardsmappearminmthemInternational mCodemofmEthicsmformProf
essional mAccountantsm(includingmInternationalmIndependencemStandards)m(IESBAmcode),
mwhichmservesmasmamglobalmbenchmarkmformcodesmof methics.mMembermbodies,msuchmasmthe
mAICPA min mthemUnitedmStates,magreemtommaintainmethicsmandmothermprofessional mstandard
smthatmmeetmthismglobalmbenchmark.mAsmamresult,mthemIESBAmcodemhasminfluencedmandmwi
llmcontinuemtominfluencemthemAICPAmcode.
9.mOthers-
In maddition,mbanking,mandminsurancemregulators,msuchmasmthemU.S.mFederal mDepositmInsur
ancemCorporation m(FDIC)mandmstateminsurancemregulators,mincorporatemthemAICPA,mSEC,
mandmPCAOB mrulesmintomtheirmregulatorymrequirements.mFinally,mstatemCPAmsocietiesmalso
mhavemethicsmcodesm(often,mtheymadoptmthemAICPA mcode)mthatmstatemsocietymmembersmagr
eemtomabidemby.In msomemcases,myoummaymbemsubjectmtomrulesmof mdifferentmbodies.mFormex
ample,mauditorsmof mpublicmcompaniesmneedmtomcomplymwithmthemindependencemrulesmofmth
emAICPA,mthemSEC,mandmthemPCAOB.mIf mmoremthanmonemrulemappliesmtomamsituation,myou m
shouldmapplymthemmostmrestrictivemrequirement.mAlthoughmwemwillmaddressmmanymofmthese
mrules,mthismcoursemfocusesmprimarilymon mamCPA'smobligations mundermthemAICPA mcode.
Codemof mConductm-
mAnswermWhenmsomethingmism"ethical," mitmisminmaccordancemwith mthemaccepted mprinciplesm
of mrightmandmwrongmgoverningmthemconductmof mamperson mormthemmembersmofmamprofession.
1
-
In mgeneral,mamcodemofmprofessionalmconductmdescribesmthembasicmtenetsmof methical mcondu
ctmin mamprofession,mwhethermaccounting,mmedicine,mormengineering.mProfessionsmthatmserv
emthempublicminterestmadoptmamcodemofmconductmtomhelpmmaintainmpublicmconfidenceminmthe
mprofession.
ThemAICPAmCodemof mProfessional mConductm(themcode)
,AICPA Ethics Exam Verified With Complet
m m m m m
e Solutions
m
1.mMembershipmin mthemAICPAmismvoluntary.mBymacceptingmmembership,mammembermassu
mesman mobligation mof mself-
disciplinemabovemandmbeyondmthemrequirementsmof mlawsmandmregulations.
2.mThemprinciplesmof mthemCodemofmProfessional mConductmof mthemAICPAmexpressmthemprofe
ssion'smrecognitionmofmitsmresponsibilitiesmtomthempublic,mtomclients,mandmtomcolleagues.mTh
eymguidemmembersminmthemperformancemofmtheirmprofessional mresponsibilitiesmandmexpres
smthembasicmtenetsmof methical mandmprofessional mconduct.mThemprinciplesmcall mformanmunswe
rvingmcommitmentmtomhonorablembehavior,mevenmatmthemsacrificemof mpersonal madvantage.
3.mThemfirstmtwomprinciplesminmthemcode,m"Responsibilities" mandm"ThemPublicmInterest,"msay
,min mpart,mthatm"[m]embersmof mthemAICPAmhavemresponsibilitiesmtomall mthosemwhomusemtheirm
professional mservices."mThemcodemalsomnotesmthatm"amdistinguishingmmarkmof mamprofession
mismacceptance mofmitsmresponsibility mtomthempublic." mThempublicminterestmismdefined masm"them
collectivemwell-
beingmof mthemcommunitymof mpeoplemandminstitutionsmthemprofession mserves."
4.mThesemprinciplesmalsomindicate,minmpart,mthatm"membersmshouldmexercisemsensitivemprof
essional mandmmoral mjudgmentsminmall mtheirmactivities."mMembersmshouldmalsomactmin mamma
nnermthatmservesmthempublicminterestmandmhonorsmthempublicmtrustmthatmismbestowedmuponmt
hemmasmammembermof mthemaccountingmprofession.
Structuremof mthemcode
1.mPreface-
Appliesmtomall mmembersmofmthemAICPA.mThemprefacemincludesman moverview mof mthemcode,m
describesmthemprinciples,mstructuremandmapplicationmofmthemcode,msetsmforth mthemdefinition
s,mandmprovidesminformation maboutmchangesmtomthemcodemandmnonauthoritativemguidance.
2.mPartm1-
Appliesmtommembersmin mpublicmpractice.mThesemmembersmworkminmaudit,mtax,mandmconsulti
ngmfirmsmthatmprovidemprofessional mservicesmtomclients.
3.mPartm2-
mAppliesmtommembersminmbusiness.mThesemmembersmworkminmorganizations minmexecutive,m
staff,mgovernance,madvisory,mormadministrativemcapacities.
4.mPartm3-
Themcodemismavailablemonlinematmhttps://pub.aicpa.org/codeofconduct/Ethics.aspx
Membersmof mthemAICPAmagreemtomcomplymwith mthemcodemasmamconditionmofmmembership,m
butmthemcodemappliesmtommanymnon-
AICPAmmembers,mtoo.mMostmstatemaccountancymboardsmadoptmthemcodemormpartsmof mthemc
odemundermtheirmlawsmormregulations,mmakingmthemAICPAmrulesmapplicablemtomthemCPAsmw
hompracticempublicmaccountingmin mthosemstatesmandmterritories.
Principlesmof mProfessional mConductm-
mAnswermThemPrinciplesmof mProfessional mConductm(ETmsec.m0.300)
, AICPA Ethics Exam Verified With Complet
m m m m m
e Solutions
m
1.mResponsibilities-
In mcarryingmoutmyourmprofessionalmresponsibilities,myoumshouldmexercisemsensitivemprofess
ional mandmmoral mjudgment.
2.mPublicmInterest-
You mshouldmactminmamwaymthatmwill mservemthempublicminterest,mhonormthempublicmtrust,mandm
demonstratemyourmcommitmentmtomprofessionalism.
3.mIntegrity-
Tommaintain mandmbroadenmpublicmconfidence,myoumshouldmperformmallmprofessional mrespo
nsibilitiesmwith mthemhighestmsensemof mintegrity.
4.mObjectivitymandmIndependence-
You mshouldmmaintainmobjectivitymandmbemfreemof mconflictsmofminterestminmdischargingmyourm
professional mduties.mIfmyoumworkmformampublicmaccountingmfirmmthatmprovidesmauditmandmoth
ermattestation mservices,myou mshouldmbemindependentmin mfactmandmappearance.
5.mDuemCare-
mYou mshould mobservemthemprofession'smtechnicalmandmethicalmstandards,mstrivemcontinuall
ymtomimprovemcompetencemandmthemqualitymofmservices,mandmdischargemprofessional mresp
onsibilitymtomthembestmof myourmability.mWhenmperformingmauditsmormothermattestmservices,md
uemcaremrequiresmCPAsmtomexercisemprofessional mskepticism.
6.mScopemandmNaturemof mServices-
Asmammembermin mpublicmpractice,myoumshouldmobservemthemprinciplesmofmthemCodemof mProf
essional mConductmin mdeterminingmthemscopemandmnaturemof mservicesmtombemperformed.
Rulesmof mconduct
1.mPartm1:mMembersmin mpublicmpractice:
1.100m—mIntegritymandmObjectivity
1.200m—mIndependence
1.300m—mGeneral mStandards
1.310m—mCompliancemwith mStandards
1.320m—mAccountingmPrinciples
1.400m—mActsmDiscreditable
1.500m—mFeesmandmOthermTypesmof mRemuneration
1.600m—mAdvertisingmandmOthermFormsmof mSolicitation
1.700m—mConfidential mInformation
1.800m—mFormmof mOrganization mandmName
2.mPartm2:mMembersmin mbusiness:
2.100m—mIntegritymandmObjectivity
2.300m—mGeneral mStandards
2.310m—mCompliancemWith mStandards
2.320m—mAccountingmPrinciples2.400m—mActsmDiscreditable
3.mPartm3:mOthermmembersm(neithermin mpublicmpracticemnormbusiness)mpanel mtext:
3.400m—mActsmDiscreditable
