6 7, 8 5, 7 1 Topic Users of accounting information Components of internal control Inexact or approximate measures Standards for the preparation of accounting information FASB conceptual framework PCAOB COSO Professional certifications in accounting AICPA code of professional conduct Personal benefits of accounting skills Skills Analysis Analysis Analysis, judgment Analysis Analysis Analysis, research Analysis, ethics Analysis Analysis, ethics Analysis Exercises 1.1 1.2 1.3 1.4 1.5 1
Words: 7422 - Pages: 30
deals with A. Emphasizes rights of others B. Consequences of actions C. Following prescribed virtue characteristics D. Following the law as an element of ethical behavior 7. Under the IMA's standards of ethical practice, an accounting professional can consider informing authorities or individuals not employed by the organization when an ethical dilemma occurs about an accounting or
Words: 1735 - Pages: 7
To: Outside CPAs From: CPA Date: November 12, 2012 Subject: Professional responsibilities as a Certified Public Accountant (CPA), difference between a review and an audit; explanations regarding deferred tax methods, accounting changes and error corrections, and establishing a subsidiary as a corporation. CC: manager It has come to my attention that my expertise is warranted for the explanations on the following
Words: 1212 - Pages: 5
specified objectives. Reports on such audits include an assessment of efficiency and effectiveness and recommendations for improvements. 3. Independent auditors are individual practitioners or members of public accounting firms who render professional auditing services to clients. These services may involve financial statement audits, compliance audits, and operational audits. Internal auditors are employees of the companies they audit. They are involved in an independent appraisal activity
Words: 4500 - Pages: 18
on the professional responsibilities of Certified Public Accountants (CPA’s). Finally, a distinction is made between a financial audit and a financial review. The Methodology used to Determine Deferred Taxes It is common knowledge that companies report different amounts of income on their income statements and tax returns respectively. This difference is caused by the fact that taxable income is determined on the cash basis of accounting using the internal revenue service (IRS) code; whereas
Words: 1667 - Pages: 7
unavoidably receive bribery offers, such as money, gifts, or property, to induce them to betray their duties. CPAs may be rewarded a commission fee for advertising goods and services. Accounting professionals may be given contingent fees based on the deliverables for their clients. From AICPA Code of Professional Conduct, major principles that might be violated are integrity, objectivity and independence, responsibility to the public and due care. Moving forward, ethical issues related to greed, corruption
Words: 561 - Pages: 3
The AICPA professional code of conduct guideline explains about how an auditor could violate its independence, it does not prohibit from developing friendships with clients personnel but it does explain the limit to that friendship. Auditors can take any measures to prevent their friendships from interfering in their professional role. As per my view, currently studying for accounting and reading rules and regulations it already prepared me and makes me ready to accept that my professional job takes
Words: 253 - Pages: 2
Innovation like no other company and Goodness in some areas atones for evil in others. That’s why most companies develop a code of ethics or code of conduct to define the behavior that convey company’s ideals, principles and goals. The employees working for these companies required to adhere to the code and behave that others can expect from them. Because many companies around the world conduct daily activities that require standards of ethical behavior to help dealing with the activities. In 2002, Congress
Words: 1142 - Pages: 5
2012 Professor Elizabeth Hewitt Accounting Policies for Reporting Income Examining accounting standards and policies information from various sources such as FASB Accounting Standards Codification (Financial Accounting Standards Board), AICPA (American Institute of CPA’s) and FASAB (Federal Accounting Standards Advisory Board) I can give a overview of how these items are defined in various resources. The FASB Accounting Standards Codification is the single source of authoritative nongovernmental
Words: 770 - Pages: 4
6 7, 8 5, 7 1 Topic Users of accounting information Components of internal control Inexact or approximate measures Standards for the preparation of accounting information FASB conceptual framework PCAOB COSO Professional certifications in accounting AICPA code of professional conduct Personal benefits of accounting skills Skills Analysis Analysis Analysis, judgment Analysis Analysis Analysis, research Analysis, ethics Analysis Analysis, ethics Analysis Exercises 1.1 1.2 1.3 1.4 1.5 1
Words: 5941 - Pages: 24
