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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
Please let me know if you need any clarification. I'm always happy to answer your questions.
Jan 13th, 2016
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