Code of Ethics

I currently reside in the state of calcium. A law of captain ethics is a voluntary assumption of self-discipline above and beyond the requirements of the law. The purpose of this paper is to evaluate the California account statement code of ethics. As professional, certified public comptrollers (CPAs) make out an essential role in society (FITCH, 2001). The code of professional ethics for public accountants was developed by the American lend of Public Accountant.

In the state of California, accountant customer privilege is provided. The accountant is bound to keep privileged communications confidential unless the client determines otherwise. A member in public practice shall not disclose any confidential client discipline without the special consent of the client (FITCH, 2001). Accountant client privilege allows clients to discourse riskier tax strategies directly with their accountants without seeking separate advice from tax attorneys. The base of operations of public accounting is the client confidence and those people who are using financial statements produced by CPAs. To keep the confidence of clients, CPAs shall hold on their independence and objectivity. The standards of independence require that the CPA does not rank his judgment on to that of the client keeping in reason that there are other CPAs who are knocking at his clients door.



One of the other principles mentioned in the Code is the renunciation of promotional methods of the commercial world, which increase the pressure on CPAs and will hold to conformity with the letter of the code evading its spirit.

Californias position on accounting work harvest-time is protected form disclosure if fain by an attorney. As with the attorney client privilege, the work product protection extends only to legal advice and does not encompass information generated by or on behalf of attorneys when the attorney was principally pertain with business matters. Furthermore, even legal advice may...

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