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More About This Title The CPA's Guide to Professional Ethics
English
D. R. CARMICHAEL, CPA, CFE, PhD, is the Wollman Distinguished Professor of Accountancy at Bernard M. Baruch College.
LINDA A. LACH, CPA, is the former Director of Professional Development for the AICPA and is currently a writer and editor of accounting books and courses.
English
Introduction.
Organizations Involved in the Development, Regulation, and Enforcement of Ethical Requirements.
Ethics Enforcement--What a Member Needs to Know.
OVERVIEW OF INDEPENDENCE, INTEGRITY, AND OBJECTIVITY.
Importance of Independence.
Basic Concepts of Rule 101, Independence, and Rule 102, Integrity and Objectivity.
Requirements for Integrity and Objectivity (Including Freedom from Conflicts of Interest).
INDEPENDENCE REQUIREMENTS FOR MEMBERS IN PUBLIC PRACTICE.
Engagements That Require Independence.
Definition of Member for Purposes of Independence Requirements.
Direct and Indirect Financial Interests in Clients.
Financial Interests in Nonclients That Are Related to Clients.
Former Practitioners.
Unpaid Fees.
Performance of Other Services for Clients.
Business Relationships; Joint Closely Held Business Investments; Cooperative Arrangements; and Lease Arrangements.
Loans to and from Clients.
A Member's Employment by, and Connections with, Clients.
Employment of a Spouse, Dependent, or Close Relative by a Client.
Gifts and Privileges.
Actual or Threatened Litigation.
Indemnification Agreements.
Outsourcing of the Internal Audit Function and Other Extended Audit Services.
Independence Requirements for State and Local Governmental Audits.
Independence Requirements for Audits of Employee Benefit Plans.
Independence Requirements for Agreed-Upon Procedures Engagements.
Alternative Practice Structures.
Quality Control Systems for Independence.
AICPA RULES OTHER THAN INDEPENDENCE, INTEGRITY, AND OBJECTIVITY.
Rules 201, 202, 203--General Standards, Compliance with Standards, and Accounting Principles.
Rule 301--Confidential Client Information.
Rule 302--Contingent Fees.
Rule 501--Acts Discreditable.
Rule 502--Advertising and Other Forms of Solicitation.
Rule 503--Commissions and Referral Fees.
Rule 505--Form of Organization and Name.
OTHER ETHICS GUIDANCE.
Statements on Standards for Tax Services (SSTS) and Interpretations.
Statement on Standards for Consulting Services.
An Interpretative Outline of IFAS's Code of Ethics for Professional Accountants.
Where to Go for More Information.
Appendix A: Glossary.
Appendix B: How to Contact the State Boards and State Societies.
Appendix C: SEC Proposed Rules on Independence.
2001 Self-Study CPE Program.
Index.
