Team Reflection

There are several rules and regulations set in address to ensure that business present financial information to many a(prenominal) external users precisely and not un honourablely. The AICPA, which stands for the American Institute of show Public Institute, provides pro services to business. Professional services that hire sure accurate financial information is presented to the public.
The AICPA jurisprudence of passe-partout take aim consists of ethical requirements which members must adhere to. The code of conduct is split up into two main divisions. These divisions consist of principles and rules. The principles monitor the values that are important to the association. The rules provide an outline for manifest public accountants (CPA) to obey in accordance with the governing principles. This is considered the free-baseing of ethical reasoning in accounting because it lays down the ground rules for CPAs to follow. The principles and rules provide guidelines for CPAs to follow to ensure accurate and professional accounting services to the public.
I think there are third main purposes of the code of professional conduct. These are integrity, independence and objectivity.



Independence is permitting the performance of an show service without being affected by influences that compromise professional judgment. Integrity ensures that CPAs do not confederate judgment and give into the pressure to go along with materially misstated financial statements. The reason I think these are the three main purposes because they each ;provide guidelines for being ethical and doing what is chastise without being influenced by anyone.
Being influenced by CFOs or CEOs can be thug because a person might not know whether to get wind to them or to themselves. Creating a will power to be ethical in these types of situations is rewarding and of course is the right thing to do. Providing accurate and ethical financial statements to the public is the right thing to do.
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