Required information AICPA Professional Code of Conduct Read the overview below and complete the activities that follow. CPAs are required to abide by professional standards as outlined in the AICPA Code of Professional Conduct and related guidance. It is important for CPAs to understand the structure of the professional guidance so that they can find the information needed to determine an appropriate course of action when dilemmas arise. CONCEPT REVIEW: The Code of Professional Conduct is structured in two major sections called Principles and Rules. Principles outline the profession's responsibilities to the public, clients, and fellow practitioners. Rules are enforceable applications of the Principles. Additional guidance that further explains the scope and application of the Rules is included in Interpretations and Ethics Rulings.

Code of ethics consist of broad general guidelines intended to be useful to practitioners in identifying and resolving ethical problems.For any profession to survive, it's members must inculcate the principle of professionalism in all their dealings. The AICPA outlined the following professional code of ethics

Responsibility : The code of ethics states that members must be responsible to their client. They must show high sense of responsibility in their dealings with their client.

Public interest: The code of ethics states that members in the profession exist to serve the interest of the members of the public.

Integrity : This code of ethics states that members must be honest in the performance of their professional duties to their client.

Objectivity: This code of ethics states that members must be fair in the preparation and reporting of financial statement and they must be independent in the reporting of financial statement.

Due Care : This code of ethics states that a reasonable care must be taken by members in the performance of their duties to their client.