Fundamental Ethical Principles
Core Ethical Principles for CPAs
Professional ethics require CPAs to act honestly, objectively, competently, and with due care. Ethical behavior protects clients, employers, regulators, and the public while preserving confidence in the accounting profession.
Tip
When facing an ethical dilemma, identify stakeholders, applicable rules, available alternatives, and the consequences before making a decision.
Summary
Ethical principles guide every professional decision made by accountants and tax practitioners.