ACCT 497 Lecture Notes - Lecture 6: Limited Liability Partnership, Financial Statement
1 Feb 2017
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Rule 102: integrity and objectivity: cpas must remain free of conflicts of interest. Report to higher level if supervisor"s position is not acceptable. Consider resigning if upper management will not take appropriate action. Rule 301: confidentiality of client information: a cpa cannot disclose confidential information without client"s consent, exceptions: (rule 203) As part of a pcaob peer or quality review of practice. As part of an ethics violation for a state board of accountancy investigation. Rule 302: contingent fees: contingent fees: those fees based on a particular finding or outcome. Based on hours worked or services provided. Allowed for non-attest (tax, consulting, litigation support) engagements. Rule 501: acts discreditable: a member shall not commit an act discreditable to the profession (including, but not limited to): Failure to follow gaas on a governmental audit. Failure to meet requirements of a governmental body, commission, or regulatory body. Failure to file personal income tax return.
