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  • Publicado : 26 de octubre de 2010
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The rules of professional conduct are more specific. Because they designate actions and relationships in whit the CPA should not engage and for which violation of rule could result in sanction fromthe AICPA we provide a framework for discussing the rules
1.-the section description for each associated group of rules
2.- the number and name of each rule under that section
3.- the generalpurpose of each rule
Section 100- rule 101 independence
No rule of professional conduct is more important than the one on independence which reads as follows
A member in public practice shall beindependent in the performance of professional services as required by standards promulgated by bodies designated by council
Financial relationships- direct financial interest
Neither members of the AICPAnor their firms can own an investment in their client`s securities during the time of professional engagement or at the time an opinion on the financial statements is issued
Commentary onindependence a special advisory panel of the public oversight board of the American institute of CPAs recently issued a report on a number of issues important to the accounting profession, including the questionof auditor independence
Section 100- rule 102 integrity and objectivity
This rule is very general and its text speaks for itself
In the performance of any professional service a member shallmaintain objectivity and integrity shall be free of conflicts of interest and shall not knowingly misrepresent facts or subordinate his or her judgment to others
Sections 200-rule 201 general standards asparts of de code of professional conduct
A member shall comply with the following standards and with any interpretations thereof
Professional competence undertake only those professional servicesthat the member or the member´s firm can reasonably expect to be completed with professional competence
Due professional care. Exercise due professional care in the performance of professional...
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