Aicpa Case

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Throughout the case, there are the conduction of certain tax practitioners under the American Institute of Certified Public Accountants (AICPA) Code. The AICPA ensures the specific standards that are used by the auditors to perform their specific duties as an ethical professional. There are many Certified Public Accountants which make up the AICPA around the globe. Aside from only the auditor’s standards, the AICPA explains every detail needed for the Certified Public Account to perform with excellent ethical performance and eliminate any unethical behavior that would later consist of consequences that will damage the image. The ethical obligations under the AICPA Code would be the overseeing for the tax returns, Ensuring the tax laws, and the prevention of any business or personal interests at the end. Therefore, the specific individuals in the tax positions would need to be in the path of following those ethical standards needed to accomplish the duties…show more content…
To keep an over inspection of any negative or unethical audit regulations being mishandled, the Public Company Accounting Oversight Board (PCAOB) has been connected after the SOX of 2002. It makes sure that any public company as in this case KPMG follows the required regulations that are needed to be secured in the ethical levels. To make the specific firm’s outlook be reviewed in an easier manner, the PCAOB has facilitated this action by preparing the inspection methods and processes in the best manners possible. Therefore, this would implement the process throughout the tax planning by the company and would result in major motivation for the professionals within. Thus, there would be less commitment of fraud being held and everyone will secure to act ethically to accomplish any goal in mind by the company at the end of the fiscal

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