scroll to top
Stuck on your essay?
Get ideas from this essay and see how your work stacks up
Word Count: 691
I currently reside in the state of California A code of professional 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 accounting code of ethics As professional certified public accountants CPAs perform an essential role in society FITCH 2001 The code of professional ethics for public accountants was developed by the American Institute of Public Accountant In the state of California accountant client 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 information without the specific consent of the client FITCH 2001 Accountant client privilege allows clients to discuss riskier tax strategies directly with their accountants without seeking separate advice from tax attorneys The foundation 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 maintain their independence and objectivity The standards of independence require that the CPA does not subordinate his judgment on to that of the client keeping in mind 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 lead to conformity with the letter of the code evading its spirit Californias position on accounting work product is protected form disclosure if prepared 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 concerned with business matters Furthermore even legal advice may not be privileged if it is merely incidental to business advice The question of whether the attorney work product privileges apply can arise in a
@Kibin is a lifesaver for my essay right now!!
- Sandra Slivka, student @ UC Berkeley
Wow, this is the best essay help I've ever received!
- Camvu Pham, student @ U of M
If I'd known about @Kibin in college, I would have gotten much more sleep
- Jen Soust, alumni @ UCLA