Should The AICPA Updated The Code Of Professional Conduct

The scripture says “So shall my word be that goeth forth out of my mouth: it shall not return unto me void, but it shall accomplish that which I please, and it shall prosper in the thing whereto I sent it” (King James Version, Isaiah 55:11).
The Importance and Interrelatedness of the Components in the Model
To improve public confidence, the AICPA updated the Code of Professional Conduct with more detailed description to assure accountants exercise independence and due professional care. The organizational culture became relevant in regaining the public’s trust. The remainder of this section will expound on the effects a corporate culture has on moral behavior.
Organizational culture is a “system of shared meaning held by members that distinguish

It is important to acknowledge benevolence and do well to others aside from self-interest. Accounting practitioners are required to avoid any self-interest relationships that may produce financial benefits, hence impairing his or her professional judgment. The AICPA prohibits members from the loss of independence that is more likely to occur in service engagements, spouse employment with member’s client, contingent fee arrangements, and unwarranted dependency of revenue for one client (AICPA, 2016b). AICPA, AT §101.25 says, auditors must maintain independence and recognizes his or her obligation for fairness. There should be freedom in all matters of service engagement while providing honest and impartial conclusions (AICPA,

“Integrity can accommodate the inadvertent error and honest difference of opinion; it cannot accommodate deceit or subordination of principle” (AICPA, 2016b, p. 5).
Graded absolutism communicates that morals are hierarchically weighed. Graded absolutism says God judges an individual’s motive as high and low sins. Although God does not excuse a person from sinning, He exempts inadvertent sins to a lesser degree (Geisler, 2011). However, sin is sin and asking for forgiveness is essential even for a minor crime. 1 John 1:9 says, “If we confess our sins, He is faithful and just to forgive us our sins and to cleanse us from all unrighteousness” (English Standard Version).
An accountant’s negligence to detect errors or fraud is a failure in performing obligated duties that lack professional due care. Similar to graded absolutism, the AICPA evaluates accountants’ intentions as a high and low motive. The ET §501 Acts Discreditable Rule says a member shall not willingly make falsified and misleading entries in the financial statements, fail to correct financial statements that are materially false and deceptive, and sign materially false and misleading documents (AICPA,