Why hire a CPA?
The Ethical Responsibilities of CPA's
CPA's, like other professionals, are held to certain standards that lead them to make proper decisions. This would be the ethics that we must follow. It holds us professionals accountable for our actions and gives us a guidebook for how we are supposed to act and handle ourselves in our work environment (and sometimes outside of it as well).
We are given our ethical guidelines by the AICPA, state boards and laws and other government agencies as well. These are laws' that we must follow in order to be considered in compliance, and be respected. The main rules come from the AICPA Code of Professional Conduct. Some of their prevalent points which we abide to, are as follows.
Our General Responsibilities
We are to ensure that the services we provide exude confidence in our work as a CPA. We are also required to work well with others in the industry and make the accounting name look good.
The public doesn't just consist of consumers. It consists of every entity that we have to work with including businesses, governments, creditors, and the community. Without these people, we wouldn't be needed, so insuring that we have the public's interest as a first thought is important in the work we do.
Every business is held up by integrity. If we can't be trusted, we won't have any business and it would makes the entire accounting community look bad. One must follow the ethical standards laid out in the handbook and live by it. The goal is to do what is right, for business and for people. We want our clients to trust us, and integrity is the foundation for this trust.
Just because we don't like a decision someone made, we have to ensure that we take our personal feeling out of it. When providing services, we have to look objective and be objective. If we have a conflict of interest (meaning a friend of ours, family, etc.) we cannot work with them and have to take ourselves off the project. It's something that we do to maintain our ethical responsibilities and working with someone we are close to, in this setting is frowned upon.
Just because we have our degrees, doesn't mean we can stop learning. Regulations and such are always changing and staying on top of the changes is of the utmost importance. Getting additional information from other professionals and collaborating to stay on with the current trends and laws is our key to success.
Following ethical guidelines is important in order to maintain our professional appearance, not only as CPAs, but in business in general.
These are principles we follow on a daily basis and they are the pillars of our practice.
-BPO Tax & Accounting
A notary public is a person legally authorized by a state government to administer oaths, witness the signing of documents deter fraud by verifying the identity of a person who signs a document.