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Ethical Obligations and Decision-Making in Accounting 2nd Edition by Steven Mintz, Roselyn Morris
Edition 2ISBN: 0078025281Ethical Obligations and Decision-Making in Accounting 2nd Edition by Steven Mintz, Roselyn Morris
Edition 2ISBN: 0078025281Can a CPA be independent without being objective? Why or why not? Can a CPA be objective without being independent? Why or why not?
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Step 1 of 2
AICPA
AICPA stands for the American Institute of Certified Public Accountants. It is founded in 1887. AICPA is set up in the United States and it is the national professional organization of Certified Public Accountant.
Role of AICPA
1. It set a standard of ethics for the best practice for accounting.
2. Create guidelines with the new legislation.
3. In relation to accepted accounting practice (CPA) its monitors service quality.
AICPA is designed to resolve the issue related to the audit and preparation of an audit report by the CPA. The AICPA’s provide a higher professional manner benefits to the public, employers, and clients. There are more than 40,000 members in 128 countries in AICPA including government, industries, and international associates.
The AICPA rule is divided into four sections that are:
1. Independence, Integrity and Objectivity
2. Professional standard and quality of work
3. Responsibility to client
4. Other responsibility and practices.
Step 2 of 2
Why don’t you like this exercise?
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