Question: #1375

ACC321 S Paper Assignment Complete Solution

ACC 321 S 2015 Paper Assignment:

Topic Explanation

What Does It Mean to Be an Ethical CPA?

Ethics is at the core of the CPA profession. It is one of the reasons CPAs are regarded among the most trusted business professionals.

Not only is it because ethics is a required component of the CPA continuing professional education regime in Pennsylvania, but also because CPAs have had a strict code of professional ethics and conduct (nationally and on the state level) for decades.

In fact, just this past January, the AICPA’s Professional Ethics Executive Committee approved a reformatted AICPA Code of Professional Conduct. The reformatted version includes a number of substantive changes that are, for the most part, effective for AICPA members on Dec. 15, 2014.

Ethics issues in the business world are routinely in the news. CPAs are often a part of these discussions, especially when it comes to corporate fraud -- particularly when it comes to detecting it or prosecuting it.

Possible Subtopics

  • How do the ethical requirements of the profession impact the various services that CPAs provide to clients?
  • Is there a link between the lack of ethical behavior and fraudulent financial reporting?
  • Is it ethical to assist a client in avoiding taxes?
  • How do the ethical requirements of the profession impact relationships with clients?
  • Can ethics be learned in the classroom or in seminars?
  • What is the source of ethical standards required by the profession, and do they differ from those in other professions?
  • If clients do not act ethically, what options are available to a CPA?
  • Can audit fees influence a CPAs ethical behavior?
  • Many states require continuing education on ethics for CPAs. Is this helpful or too little too late?

Format requirements:

  • 1,500-2,000 word research paper
  • No co-authored papers accepted
  • 12-point font required
  • Must contain proper citation of sources

Papers are evaluated for content, method of presentation, and writing style

Solution: #1355

ACC321 S Paper Assignment Complete Solution

  • Public Interest: The services rendered by CPAs are aimed at various stakeholders like investors, employers, creditors and governments. Hence the services should be aimed at public interest.
  • Integrity: Integrity requires a CPA to do what is right. CPAs are expected to maintain integrity in the application of technical and ethical standards. Services should be rendered honestl...
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