AICPA Code of Professional Conduct Flashcards Preview

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Flashcards in AICPA Code of Professional Conduct Deck (4):
1

Acts Discreditble Rule

CPA who doesn't return client documents

Fails to file a tax return

2

Exception to Acts discreditble rule

May retain prepared records / work products in custody that was not previously provided to client. Fees must be paid before return

3

Contingent fees (preparing original/amended tax returns) are not allowed. What is the exception to this rule

Results of judicial proceedings or findings of Gov't agencies (IRS)

4

Form of Organization and name rule

Public practice firm (Attest, Tax, Management advisory services) must be over 50% owned by CPAs