Jeff Favoroso
Acct. 4501 – day class
October 7, 2013

Codes of Conduct

The American Institute of Certified Public Accountants (AICPA), Statements on Standards for Tax Services (SSTS), and Institute of Management Accountants (IMA) all provide professional codes of conduct that set standards for accountants and other financial professionals. All three present their standards regarding how the professionals in each organization must conduct their business. These standards include the basic guidelines of the intended business, and the ethical values that each organization holds. Aside from complying with the organization’s standards, each of these three organizations require their members the continuance of enhancing their knowledge and practice in their area of accounting expertise. Most importantly, their main objective is to increase the public’s confidence in their professional responsibilities. The accuracy and credibility of the accountant’s work is essential for growing the public’s trust in the organization and its professionals. The AICPA holds their professionals to a high standard for major reasons. The AICPA’s code of conduct applies to its CPA members. Outside investors rely on information of public companies that is reported by a CPA. The AICPA focuses on the CPA’s commitment to their clients. Independence and confidentiality are important factors for meeting guidelines. A CPA must uphold their integrity in the work they perform for their clients. The AICPA directs these guidelines towards auditors for the sake of delivering the most accurate and fair information. As I previously mentioned, outside investors rely on a public company’s information that is reviewed by a public accountant in accordance with the AICPA’s code of professional conduct. The SSTS are tax practice standards for members of the AICPA. The SSTS primarily offers possibilities