Current, Comprehensive Guidelines To Ethical Regulations For Accounting Professionals. A Handful Of High-profile Accounting Misdeeds At Enron, Worldcom, Adelphia, And The Like Have Left The Entire Accounting Profession Scrambling To Assert Its Validity And Negotiate A Flurry Of New Regulations. Ethics For Cpas Provides A Valuable Road Map To This New Landscape, Instructing Accounting Professionals On How To Abide By The New Pronouncements And, If Necessary, How To Professionally Respond To An Investigation. Employing An Information-mapping Format, Ethics For Cpas Separates Information Into Small Units Based On Purpose Or Function For The Reader, Rather Than By Topic, Creating An Accessible Desk Reference. This Authoritative Guide Covers The Most Recent And Extensively Revised Ethics Requirements Of The. · Aicpa's Code Of Professional Conduct. · Sec. · Department Of Labor. · Gao's Yellow Book. · State Societies And State Boards. With A Companion Web Site Posting Interpretations Of New Pronouncements Within Thirty Days Of Issuance, Ethics For Cpas Proves The Most Up-to-date And Comprehensive Resource On The Market. Pt. A. Introduction To Ethics. 1. Introduction -- 2. Organizations Involved In The Development, Regulation, And Enforcement Of Ethics Requirements -- 3. Ethics Enforcement---what A Member Needs To Know -- Pt. B. Overview Of Independence, Integrity, And Objectivity. 4. The Fall Of Enron And The Ethics Aftermath -- 5. Importance Of Independence -- 6. Basic Concepts Of Rule 101, Independence, And Rule 102, Integrity And Objectivity -- 7. Requirements For Integrity And Objectivity (including Freedom From Conflicts Of Interest) -- Pt. C. Independence Requirements For Members In Public Practice. 8. Engagements That Require Independence -- 9. Definition Of Covered Member/person, Immediate Family Members, And Cpa Firms For Purposes Of Independence Requirements -- 10. Direct And Indirect Financial Interests In Clients -- 11. Financial Interests In Nonclients That Have Investor Or Investee Relationships With Clients -- 12. Former Practitioners -- 13. Unpaid Fees --^ 14. Performance Of Other Services For Clients -- 15. Business Relationships: Cooperative Arrangements; Joint Closely Held Investments; Lease Arrangements; And Investments By Clients In Auditors -- 16. Loans To And From Clients -- 17. Employment By And Connections With Clients -- 18. Employment Of A Spouse, Dependent, Or Close Relative By A Client -- 19. Gifts And Privileges -- 20. Actual Or Threatened Litigation -- 21. Indemnification Agreements -- 22. Outsourcing Of The Internal Audit Function And Other Extended Audit Services -- 23. Independence Requirements For Governmental Audits And Nonprofit Organizations Subject To Yellow Book Requirements -- 24. Independence Requirements For Audits Of Employee Benefit Plans -- 25. Independence Requirements For Agreed-upon Procedures Engagements -- 26. Alternative Practice Structures -- 27. Quality Control Systems For Independence --^ Pt. D. Aicpa Rules Other Than Independence, Integrity, And Objectivity. 28. Rules 201, 202, And 203---general Standards, Compliance With Standards And Accounting Principles -- 29. Rule 301---confidential Client Information -- 30. Rule 302---contingent Fees -- 31. Rule 501---acts Discreditable -- 32. Rule 502---advertising And Other Forms Of Solicitation -- 33. Rule 503---commissions And Referral Fees -- 34. Rule 505---form Of Organization And Name -- Pt. E. Other Ethics Guidance. 35. Statements On Standards For Tax Services And Interpretations -- 36. Statements On Standards For Consulting Services -- 37. An Interpretative Outline Of Ifac's Code Of Ethics For Professional Accountants -- 38. Where To Go For More Information -- Appendix A. Glossary -- Appendix B. How To Contact The State Boards And State Societies -- 2003 Self-study Cpe Program. Dan M. Guy, D.r. Carmichael, Linda A. Lach. Includes Bibliographical References And Index.

Guy, Dan M; Carmichael, D. R. (Douglas R.), 1941-; Lach, Linda

Dan M. Guy, D. R. Carmichael, Linda A. Lach

Jossey-Bass, Incorporated Publishers

WILEY COMPUTING Publisher

Hoboken, N.J.: Wiley

United States, United States of America

February 10, 2003

New York, 2003

1, US, 2003

Includes bibliographical references and index
pt. A. Introduction to ethics. 1. Introduction -- 2. Organizations involved in the development, regulation, and enforcement of ethics requirements -- 3. Ethics enforcement---what a member needs to know -- pt. B. Overview of independence, integrity, and objectivity. 4. The fall of Enron and the ethics aftermath -- 5. Importance of independence -- 6. Basic concepts of Rule 101, Independence, and Rule 102, Integrity and Objectivity -- 7. Requirements for integrity and objectivity (including freedom from conflicts of interest) -- pt. C. Independence requirements for members in public practice. 8. Engagements that require independence -- 9. Definition of covered member/person, immediate family members, and CPA firms for purposes of independence requirements -- 10. Direct and indirect financial interests in clients -- 11. Financial interests in nonclients that have investor or investee relationships with clients -- 12. Former practitioners -- 13. Unpaid fees -- 14. Performance of other services for clients -- 15. Business relationships: cooperative arrangements; joint closely held investments; lease arrangements; and investments by clients in auditors -- 16. Loans to and from clients -- 17. Employment by and connections with clients -- 18. Employment of a spouse, dependent, or close relative by a client -- 19. Gifts and privileges -- 20. Actual or threatened litigation -- 21. Indemnification agreements -- 22. Outsourcing of the internal audit function and other extended audit services -- 23. Independence requirements for governmental audits and nonprofit organizations subject to yellow book requirements -- 24. Independence requirements for audits of employee benefit plans -- 25. Independence requirements for agreed-upon procedures engagements -- 26. Alternative practice structures -- 27. Quality control systems for independence -- pt. D. AICPA rules other than independence, integrity, and objectivity. 28. Rules 201, 202, and 203---general standards, compliance with standards and accounting principles -- 29. Rule 301---confidential client information -- 30. Rule 302---contingent fees -- 31. Rule 501---acts discreditable -- 32. Rule 502---advertising and other forms of solicitation -- 33. Rule 503---commissions and referral fees -- 34. Rule 505---form of organization and name -- pt. E. Other ethics guidance. 35. Statements on standards for tax services and interpretations -- 36. Statements on standards for consulting services -- 37. An interpretative outline of IFAC's Code of Ethics for Professional Accountants -- 38. Where to go for more information -- Appendix A. Glossary -- Appendix B. How to contact the state boards and state societies -- 2003 self-study CPE program
Current, comprehensive guidelines to ethical regulations for accounting professionals
A handful of high-profile accounting misdeeds at Enron, WorldCom, Adelphia, and the like have left the entire accounting profession scrambling to assert its validity and negotiate a flurry of new regulations. Ethics for CPAs provides a valuable road map to this new landscape, instructing accounting professionals on how to abide by the new pronouncements and, if necessary, how to professionally respond to an investigation
Employing an information-mapping format, Ethics for CPAs separates information into small units based on purpose or function for the reader, rather than by topic, creating an accessible desk reference. This authoritative guide covers the most recent and extensively revised ethics requirements of the
· AICPA's Code of Professional Conduct
· SEC
· Department of Labor
· GAO's Yellow Book
· State societies and state boards
With a companion Web site posting interpretations of new pronouncements within thirty days of issuance, Ethics for CPAs proves the most up-to-date and comprehensive resource on the market

In the past, accountants were considered to be the most trusted of business advisors. Recent events have eroded the public's trust, and have resulted in numerous changes in ethical guidance. Now, more than ever, accountants need a roadmap for navigating through the complex maze of ethics requirements.

This book is designed to help practitioners understand and apply the ethics requirements of the AICPA's Code of Professional Conduct, along with ethics requirements of The SEC

2023-10-09