Which most closely identifies why it is important for payroll accountants to adhere to the AICPA Code of Ethics?
A)To maintain company profitability.
B)To overlook fraudulent actions of company officers.
C)To protect the assets of the company and remit money owed to the government.
D)To maintain personal standards only.

Question

Quizplus · Accepted Answer

Payroll accountants are responsible for managing employee compensation and ensuring that taxes are paid properly. Adhering to the AICPA Code of Ethics is important for these professionals as it helps them protect the assets of the company and remit money owed to the government. This includes ensuring that payroll taxes are paid in a timely manner, and that the company is in compliance with all applicable laws and regulations. Failing to adhere to ethical standards could result in legal and financial consequences for both the company and the accountant. Therefore, it is important for payroll accountants to uphold these standards to maintain the integrity of their profession and the financial health of their employer.

Which Most Closely Identifies Why It Is Important for Payroll