Accounting 403 Auditing I, CPA members, accounting homework help

Accounting
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How does requiring CPA members to follow a code of ethics, eliminate the ethics violations that non-CPA employees may commit?

Jan 13th, 2016

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Ethics is increasingly becoming a major concern in accounting. This is owing to the recent series of scandals by corporate organizations, which has cast doubt on the credibility of professional accountants. Corporate governance, contemporary accounting and auditing has thus been viewed as undependable. Requiring CPA members adhere to specific code of ethics is provides a mandatory threshold for these accountants. Because the qualification of a CPA accountant is not permanent, CPA members are forced to adhere to these ethics codes to retain their membership. However, non-CPA members do not have mandatory guidelines on their conduct and can conduct themselves unprofessionally without fear of any loss. Therefore, this requirement on CPA members to adhere to the stipulated code of ethics helps eliminate the ethics violations. 


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Jan 13th, 2016

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