Title Details

DAN GUY, CPA, PhD, is the former Vice President of Auditing Standards for the AICPA. He currently practices in Santa Fe, New Mexico.
D. R. CARMICHAEL, CPA, CFE, PhD, is the Wollman Distinguished Professor of Accountancy at Bernard M. Baruch College.
LINDA A. LACH, CPA, is the former Director of Professional Development for the AICPA and is currently a writer and editor of accounting books and courses.

INTRODUCTION TO ETHICS.

Introduction.

Organizations Involved in the Development, Regulation, and Enforcement of Ethical Requirements.

Ethics Enforcement--What a Member Needs to Know.

OVERVIEW OF INDEPENDENCE, INTEGRITY, AND OBJECTIVITY.

Importance of Independence.

Basic Concepts of Rule 101, Independence, and Rule 102, Integrity and Objectivity.

Requirements for Integrity and Objectivity (Including Freedom from Conflicts of Interest).

INDEPENDENCE REQUIREMENTS FOR MEMBERS IN PUBLIC PRACTICE.

Engagements That Require Independence.

Definition of Member for Purposes of Independence Requirements.

Direct and Indirect Financial Interests in Clients.

Financial Interests in Nonclients That Are Related to Clients.

Former Practitioners.

Unpaid Fees.

Performance of Other Services for Clients.

Business Relationships; Joint Closely Held Business Investments; Cooperative Arrangements; and Lease Arrangements.

Loans to and from Clients.

A Member's Employment by, and Connections with, Clients.

Employment of a Spouse, Dependent, or Close Relative by a Client.

Gifts and Privileges.

Actual or Threatened Litigation.

Indemnification Agreements.

Outsourcing of the Internal Audit Function and Other Extended Audit Services.

Independence Requirements for State and Local Governmental Audits.

Independence Requirements for Audits of Employee Benefit Plans.

Independence Requirements for Agreed-Upon Procedures Engagements.

Alternative Practice Structures.

Quality Control Systems for Independence.

AICPA RULES OTHER THAN INDEPENDENCE, INTEGRITY, AND OBJECTIVITY.

Rules 201, 202, 203--General Standards, Compliance with Standards, and Accounting Principles.

Rule 301--Confidential Client Information.

Rule 302--Contingent Fees.

Rule 501--Acts Discreditable.

Rule 502--Advertising and Other Forms of Solicitation.

Rule 503--Commissions and Referral Fees.

Rule 505--Form of Organization and Name.

OTHER ETHICS GUIDANCE.

Statements on Standards for Tax Services (SSTS) and Interpretations.

Statement on Standards for Consulting Services.

An Interpretative Outline of IFAS's Code of Ethics for Professional Accountants.

Where to Go for More Information.

Appendix A: Glossary.

Appendix B: How to Contact the State Boards and State Societies.

Appendix C: SEC Proposed Rules on Independence.

2001 Self-Study CPE Program.

Index.

"There is no comparable book on the subject of ethics in print. Every CPA should have a personal copy, and every firm should have a copy in its library. Personal experience leads me to believe that most ethics violations are not intentional, but rather result from a lack of knowledge of the ethics rules and regulations. The authors' advice and guidance is worth the price of the book. If you have just one ethics issue, the book will pay for itself. If you have never had to address an ethics issue and believe you never will, you definitely need this book, because you probably would not recognize an ethics issue if it stared you right in the face." --Vincent J. Love, CPA, Managing Partner, Kramer & Love, New York