What are the six principles of the AICPA code of professional conduct?
AICPA outlined the professional code of conduct to guide members in the performance of their professional responsibilities and express the basic tenets of ethical and professional conduct. The principles of the professional conduct include responsibility, public interest, integrity, objectivity and independence, due care, and scope & nature of services.
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What is the AICPA?
AICPA stands for “American Institute of Certified Public Accountants”. The American Institute of Certified Public Accountants is the national professional organization of Certified Public Accountants in the United States. According to the AICPA website, there are more than 418,000 members in 143 countries. The AICPA develops standards for audits of private companies and other services...
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What is the difference between an issuer and a nonissuer?
When conducting audit, auditors will either be performing their engagement on issuers or nonissuers. Issuers are defined by the Securities and Exchange Commission (SEC) as entities that must file or register their financial statements with the SEC. In addition, audit engagements of issuers must follow standards stated by the Public Company Accounting Oversight Board (PCAOB). Whereas nonissuers are defined...
What is the AICPA?
AICPA stands for “American Institute of Certified Public Accountants”. The American Institute of Certified Public Accountants is the national professional organization of Certified Public Accountants in the United States. According to the AICPA website, there are more than 418,000 members in 143 countries. The AICPA develops standards for audits of private companies and other services...
What is the difference between an issuer and a nonissuer?
When conducting audit, auditors will either be performing their engagement on issuers or nonissuers. Issuers are defined by the Securities and Exchange Commission (SEC) as entities that must file or register their financial statements with the SEC. In addition, audit engagements of issuers must follow standards stated by the Public Company Accounting Oversight Board (PCAOB). Whereas nonissuers are defined...
