AICPA Code of Professional Conduct Paper Essay Example | Topics and Well Written Essays - 750 words

AICPA Code of Professional Conduct Paper - Essay Example ll as conduct of behavior expected of members of the accounting profession to ensure that the performance of their responsibilities are conducted within the ethical, moral, as well as legal laws and regulations and that which would assist in resolving ethical conflicts. These three purposes are most important because they provide the overlying frameworks which necessitated the development of the Code. For instance, for the first purpose, which emphasized the provision of guidance and rules to all members, are crucial to enable accounting practitioners to be explicitly directed on specific regulations required to behave and respond to challenging situations. The objective was clearly explained under the Conceptual Framework for Members in Public Practice which stipulated that: where members encounter challenges in terms of encountering threats in the performance of their duties with respect to their regular conduct of responsibilities with various stakeholders, the Code would assist in resolving potential conflicts in terms of discerning whether â€Å"there is a threat to the member’s compliance with the rules that is not at an acceptable level† (American Institute of CPAs, 2014, p. 25). In this situation, it was advised that the conce ptual framework approach should be consulted as a guiding principle to provide members with the needed responses. The primary purpose leads to the second most important purpose which is to understand the conceptual framework approach which would assist in the decision-making process of members. From the Code, it is deduced that the conceptual framework approach expounds on three important situations that need greater understanding: acceptable level, safeguards, and threats (American Institute of CPAs, 2014). As defined, acceptable level means â€Å"a level at which a reasonable and informed third party who is aware of the relevant information would be expected to conclude that a member’s compliance with the rules is not

History Essay Example | Topics and Well Written Essays - 500 words - 55

History - Essay Example They were also against the reforms that were legislated by the state because they had a preference for individual freedom by choice. They majorly favored agricultural farms and independence in the rural areas and the right to ownership of slaves. Their agenda at this time was rapid expansion in territories whether by purchase or war. Their main focus was to progress by external growth. On the other hand during the 1840s period was the Whigs. They too had their political interests. Contrary to the democrats, the Whigs were a party of modernization. They looked into the needs of the future. Their main interest was the hope of the people of America. They strategized the use of federal state governments to spear head the growth of the nation especially the transport and banking sector. (Holt, 30) writes that they facilitated reforms in public schools, prisons and temperance. As opposed to the democrats, they favored free labor, industrial and urban growth. They were opposed to war and favored gradual expansion of territories as opposed to the democrats who favored rapid expansion of territories through conquering and purchase. The candidate that was chosen to run for 1844 elections was called James Birney. He only managed to win 2% of the total votes but managed to get most of the votes from the northern part which was majorly Whig dominated. On the other hand of the opposing party, were the non-abolitionists who opposed the expansion territorial conquering. This party won in 1848 with 10% of the popular vote. Martin Van Buren was the party candidate. However in 1852 they lost half percentage of their support because their candidate had rejected the compromise made in 1850. In 1860, the democrats’ party split when they were defeated in a defending platform concerning slavery. The convention was held in Charleston, South Carolina. (Holt, 34) points out