Kari Moore Unit 6 – Final Research Paper AC504 April 19, 2013 Abstract In the history of the world, there has never really been a dominate, widely accepted set of ethical standards, unless you count the ten commandments, and as we all know, they didn’t end up widely accepted either. The world is in an ethical tail-spin, trying to be the best, the most profitable, the most dominant, and it is leaving its ethics in the dust. In this paper I will discuss the importance of an ethical system
Words: 2132 - Pages: 9
practice public accounting in order to protect the public. This brochure contains important information. Do not discard before receiving your examination results. Visit NASBA’s website to download additional copies of this document. © 2012 NASBA, AICPA, and Prometric. All rights reserved. Page ii UNIFORM CPA EXAMINATION CANDIDATE BULLETIN TABLE OF CONTENTS PREFACE ............................................................................................................................
Words: 15757 - Pages: 64
CHAPTER 1 Financial Accounting and Accounting Standards ASSIGNMENT CLASSIFICATION TABLE Topics 1. 2. 3. Subject matter of accounting. Environment of accounting. Role of principles, objectives, standards, and accounting theory. Historical development of accounting standards. Authoritative pronouncements and standards-setting bodies. Questions 1 2, 3, 4 5, 6, 7, 8 Cases 1 3, 4 2, 4 4. 8, 9, 10, 11, 12 5, 17 5. 13, 14, 15, 16, 17, 18, 19, 20, 21, 22 23, 24, 25, 26, 27 28 29 6, 7
Words: 11425 - Pages: 46
party accountability implies some degree of mistrust of management by users, the auditor must incorporate skepticism in his or her reasoning process when management makes assertions about the financial statements it has prepared. 3-3 A professional accountant must be prepared to be agent, spectator, advisor, instructor, judge, critic. 3-4 Apparently, in ethical philosophy, the word "conscience" is used to describe the "undefinable mental process that yields moral decisions." A close
Words: 5626 - Pages: 23
rationale behind establishing the subsidiary as a corporation. It will also detail the professional responsibilities of a CPA and what the differences between a review and an audit are. The professional responsibilities of a CPA are to uphold the rules set forth by the State board of Certified Public Accountants, and to conduct ourselves in a manner bound by the rules of the AICPA’s Professional Code of Conduct. They also include: independence, scope of service, confidentiality, practice development
Words: 1066 - Pages: 5
Cases. Read the following cases. Required: For each case, state whether the action or situation shows a violation of the AICPA Code of Professional Conduct, explain why if it does, and cite the relevant rule or interpretation. a. CPA Ellen Stout performs the audit of the local symphony society. Because of her good work, she was elected an honorary member of the board of directors. b. CPA Darcy Wolfe practices management consulting in the area of computerized information systems under the firm
Words: 928 - Pages: 4
corrections, and the rationale for establishing the subsidiary as a corporation. In addition it will address our professional responsibilities are as a Certified Public Accountants (CPA’s) and finally distinguish between a financial audit and a financial review. The Methodology used to Determine Deferred Taxes The accounting for tax liability is governed by the internal revenue service (IRS) code whereas income statement financial reporting is done according the generally accepted accounting principles
Words: 2119 - Pages: 9
through professional associations, ethical decision-making, and numerous biblical teachings. American Institute of Certified Public Accountants The American Institute of Certified Public Accountants (AICPA) was established as a professional organization to assist members with their role and responsibilities as accountants. More specifically, the foundation of their profession is built upon a Model Code of Professional Conduct guiding members in the basic belief and framework of ethical conduct. These
Words: 1074 - Pages: 5
Ethics Case: Good Works Bad Accounting? The dilemma/ethical issue that arises out of this case is in the hands of Jill Lassiter. She is the newly appointed executive director of a charity dedicated to helping single mothers called Good Works for Women. She must get the financial statements in order so that they satisfy Ms. Lyndelle Oakes, the organization’s largest donor. Jill must decide whether to restate her budget using faulty estimates or to be honest about the organization’s difficulties
Words: 988 - Pages: 4
Case 2-8 Juggyfroot “I’m sorry, Lucy. That’s the way it is,” Ricardo Rikey said. “I just don’t know if I can go along with it, Rikey,” Lucy replied. “We have no choice. Juggyfroot is our biggest client, Lucy. They’ve warned us that they will put the engagement up for bid if we refuse to go along with the reclassification of marketable securities,” Rikey explained. “Have you spoken to Fred and Ethel about this?” Lucy asked. “Are you kidding? They’re the ones who made the decision to go
Words: 462 - Pages: 2
