In: Accounting
Compare the code of professional conduct for CPAs to the code of professional conduct for accountants who are non-CPAs. Next, determine the major ethical issues created by the mergers of public accounting firms with non-CPA firms that perform accounting services. Explain your rationale.
The code of professional conduct provides Both general standards and specific enforceable rules of conduct for CPA and non CPA accountants. There are four parts to the code of professional conduct-
Principles, rules of conduct, interepretation of the rules of conduct And ethical rulings. Both CPA and non CPA accountants are also obligated to comply with certain fundamental principles such as integrity , objectivity etc. There are major ethical issues that arise from the mergers of public accounting firms with non cpa firms. The ethical issues arise because CPA firms have higher obligations To discharge their duties.