Video: AICPA Code of Professional Conduct Summary

This lesson provides an overview of the AICPA Code of Professional Conduct, highlighting the importance of memorizing and understanding its rules for both practicing CPAs and those entering the profession. The lesson covers the expectations set forth by the AICPA for professional behavior and discusses potential actions that may be considered discreditable to the profession. In addition, the lesson offers insight into examples of independence impairments and situations that are permitted or not permitted by the AICPA, in order to apply this knowledge to multiple-choice questions and SIMS. The lesson is taught by Nick Palazzolo, CPA, who encourages and motivates learners to continue their preparation for the audit exam.

"Examprep.ai helped me pass all 4 CPA exams on the first try. I highly recommend. I especially like the feedback and ratings the software provides so I know where to focus my time."

Daniel H., CPA

"I can't recommend ExamPrep.ai enough. Nick's lessons turned concepts I struggled with into strengths. I was able to pass FAR right before other exams expired!"

Andrew K, CPA

"I just want to say thank you for the great lesson videos. I couldn't stay awake through lectures of another course. After watching all your FAR lessons I was finally able to pass!"

Alyssa M., CPA Candidate

Video Transcript

Instructor: Nick Palazzolo

Nick Palazzolo is head instructor of ExamPrep.ai CPA Review. Nick's teaching style is engaging & upbeat, combining practical Big 4 tax & assurance expertise with years of 1-on-1 coaching. His lessons are concise and emphasize what you need to know to pass. Whether you're a recent grad or working full-time, we’re confident you can conquer your CPA exams with Nick’s review.

Cite this lesson

Link to this page

[[ citeExample ]]

Copy to clipboard

Copy URL to clipboard

Copy HTML to clipboard

And that's all there is to it. The AICPA Code of Professional Conduct, we want to memorize and be familiar with the AICPA rules for those currently in practice and those not. We want to understand the rules set forth by the AICPA, how a CPA needs to act, how you should act, or you should know how to behave yourself, and actions taken by the ACPA that could be discreditable to the profession. We also want to be familiar with examples of independence impairments and situations permitted when not permitted by the AICPA, so we can apply those in multiple choice questions and SIMS. That's all there is to it. Again, it's been my pleasure to walk you through this second lesson, diving in and powering through this audit exam. Stretch, do what you gotta do, go for a jog, get some fresh air, power through, get some coffee. You can do this, I believe in you, and I'll see you in the next one.

Unlock the full video transcript and subtitles support with a free account!

Get more from this lesson

Create an account 7-day free trial. No credit card required.

Ethics & Independence

Module: 3 Concepts, 42 Videos

AICPA Code of Professional Conduct Overview

1:04

AICPA Code of Professional Conduct Objectives

2:42

Introduction to AICPA Code of Professional Conduct

1:55

AICPA Requirements of Independent Auditors