Accounting Ethics AICPA rule 101 Independence

>> YOUR LINK HERE: ___ http://youtube.com/watch?v=fmsne3cs5kM

Understanding the AICPA Code of Professional Conduct, particularly Rule 101 on independence, is important because it establishes the ethical framework and standards that auditors must adhere to while performing audits. Compliance with these rules ensures the integrity, objectivity, and independence of audit services, which are essential for maintaining public trust and confidence in financial reporting. • In this lecture video, I am discussing Rule 101 – Independence, within the broader context of the AICPA Code of Professional Conduct. It outlines the principles, interpretations, and prohibitions related to auditor independence, as well as the auditor's obligations and potential conflicts of interest. This topic is covered in your homework, cases, discussions, and unit exams. • Ask yourself: • Do I understand the distinctions between different types of relationships and situations that may impair independence? • Have I considered how litigation, both actual and threatened, could impact my independence as an auditor? • #accounting • #accountinglectures • #accountingtutorials • #accountingconcepts • #accounting_concept • #accountingtips • #accountingbasics • #accounting ethics • #ethics • #cpa_ethics • #ima_ethics

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