Dallas Baptist University
MANA 6320-01 Fall Mini I
Professor Jim Underwood
November 2, 2012
Accounting Professional Ethical Standards
Accountants provide a multiplicity of accounting and consulting services to businesses and individuals. Accountants were once regarded to be a high integrity profession by the public. An accountant's role are critical in that the information provided by an accountant helps in the decision making process of businesses and individuals. In addition to accounting and auditing of accurate records. Events in the history of accounting have called for a greater need for transparency in the profession, such as Enron and WorldCom have caused the need for transparency in the last decade.
American Institute of Certified Public Accounts (AICPA) was created in 1957, however was operated under other names as early as 1887 . There was a need for the standards of on managing of finances and auditing. Committees were formed to regulate how the financing, auditing, and reporting of accounting information was handled. The state of Texas governs the ethical standards of accountants by requiring any person that desires to perform accounting duties to have the necessary skills, education, certification,
Information provided to lenders and investors prior to the U.S. stock market crash of 1929 was little for the companies they loaned or made…