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Code of Professional Ethics by American Institute of Certified Public Accountants

Introduction

"A code of professional ethics is a voluntary assumption of self discipline
above and beyond the requirements of the law. The Code of Ethical Conduct serves
the highly practical purpose to notify the public that the profession will
protect the public interest" (Carey, Doherty: p 3). When people need a doctor, a
lawyer or a certified public accountant, they seek someone whom they can trust
to do a good job, not for himself but for them. People assume that the hired
professional is qualified since they cannot appraise him. They must take it on
faith that he is competent. That is why professionals are distinguished from
businesses and why there is a need for ethical regulations.

The Code of Professional Ethics

The Code of Professional Ethics for public accountants was developed by the
American Institute of Public Accountant and includes four different categories.
The first, Concepts of......

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Approximate Word Count: 1168
Approximate Pages: 5 (250 words per double-spaced page)

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