AICPA Code of Ethics Related Parties 2
According to Murdock, et al., (2022) the American Institute of Certified Accountants (AICPA) [3] Code of professional conduct describes competence as possessing “appropriate technical qualifications”, as the quality that “encompasses knowledge and skills with reasonable care and diligence.
2.
There are several ethical issues that exist in this matter, but the main one is conflict of interest, due diligence, due care, and noncompliance with standards. The ethical accountant is frequently viewed as a straightforward person that remains independent, brave and tells the truth for the public interest (Baud et al., 2021).
3.
The Independent rule [1.200.001] applies to this situation because a member of a public practice shall remain independent while rendering professional services. He or she shall not give an opinion but at the same time he or she will consider keeping confidential any information obtained from the client. Confidential client information rule [1.700.001]. On the other hand, the Integrity and objectivity rule [1.100.001 and 2.100.001]. applies to
practitioners and clients that all services should be rendered with objectivity and integrity
while avoiding any conflict of interest. This rule basically requires the practitioner to blindly follow the guidelines of the government rules or just do as the client demanded. Payne et al., (2020) states that professional conduct is currently of extreme importance to accountants and their stakeholders as evidenced by many surveys about accountants’ level of ethical behavior.
4.
2-3a SSTS No. 1: Tax return positions apply to this situation because it allows the member to determine and comply with tax standards. In addition, that the member provided the professional service did with good faith belief that the position, if
