Business Commons^™

Code Of Professional Ethics, May 1, 1977 Edition;Concepts Of Professional Ethics [1977];Rules Of Conduct, Effective March 1, 1973 [1977];Interpretations Of Rules Of Conduct [1977];Ethics Rulings [1977], American Institute Of Certified Public Accountants

AICPA Professional Standards

There are four categories of ethical standards. They are described in the following paragraphs. The first, Concepts of Professional Ethics, is a philosophical essay approved by the professional ethics division. The essay suggests behavior which CPAs should strive for beyond the minimum level of acceptable conduct set forth in the Rules of Conduct and is not intended to establish enforceable standards. The second category, Rules of Conduct, consists* of enforceable ethical standards and required the approval of the membership before the Rules became effective. The same is true of the Bylaws of the Institute. The third category, Interpretations of Rules …