Code of Professional Conduct and Bylaws

1 As of June 1, 2013 code of Professional Conduct and Bylaws Reprinted from AICPA Professional | of Professional Conduct and Bylaws As of June 1, 20132013 code of Conduct 19/5/2013 11:11:03 AM10794-355As of June 1, 2013 code of Professional Conduct and Bylaws Reprinted from AICPA Professional StandardsCode of Professional Conduct and Bylaws (as of June 1, 2013) is reprinted from AICPA Professional 2013 byAmerican Institute of Certified Public Accountants, York, NY 10036-8775 All rights reserved.

2 For information about the procedure for requesting permission to make copies of any part of this work, please e-mail with your request. Otherwise, requests should be written and mailed to the Permissions Department, AICPA, 220 Leigh Farm Road, Durham, NC 2 3 4 5 6 7 8 9 0 PE 1 9 8 7 6 5 4 3 ISBN: 978-1-94023-516-5P1: 16, 201215:0 Table of ContentsSectionPageCODE OF Professional of Professional Conduct Introduction ..2815ET 50 Principles of Professional Preamble52 Article I Responsibilities53 Article II The Public Interest54 Article III Integrity55 Article IV Objectivity and Independence56 Article V Due Care57 Article VI Scope and Nature of ServicesET 90 Rules.

3 Applicability and Applicability92 DefinitionsET 100 Independence, Integrity, and Conceptual Framework for AICPA IndependenceStandards101 IndependenceRule 101 IndependenceInterpretations Under Rule 101 Independence102 Integrity and ObjectivityRule 102 Integrity and ObjectivityInterpretations Under Rule 102 Integrity andObjectivity191 Ethics Rulings on Independence, Integrity, andObjectivityET 200 General Standards Accounting General StandardsRule 201 General standardsInterpretations Under Rule 201 General Standards202 Compliance With StandardsRule 202 Compliance with standardsInterpretation under Rule 202 Compliance With Standards203 Accounting PrinciplesRule 203 Accounting PrinciplesInterpretations under Rule 203 Accounting Principles291 Ethics Rulings on General and Technical How to Use This 1.

4 IiiP1: 16, 201215:0 Table of ContentsSectionPageET 300 Responsibilities to Confidential Client InformationRule 301 Confidential client informationInterpretations under Rule 301 Confidential Client Information302 Contingent FeesRule 302 Contingent feesInterpretation under Rule 302 Contingent Fees391 Ethics Rulings on Responsibilities to ClientsET 400 Responsibilities to 500 Other Responsibilities and Acts DiscreditableRule 501 Acts discreditableInterpretations under Rule 501 Acts Discreditable502 Advertising and Other

5 Forms of SolicitationRule 502 Advertising and other forms ofsolicitationInterpretations under Rule 502 Advertising andOther Forms of Solicitation503 Commissions and Referral FeesRule 503 Commissions and referral feesInterpretation under Rule 503 Commissionsand Referral Fees504 [Deleted]505 Form of Organization and NameRule 505 Form of organization and nameInterpretations under Rule 505 Form ofOrganization and Name591 Ethics Rulings on Other Responsibilities and Compliance 100 Name and Name and PurposeBL 200 Admission to, and Retention of, Membership Members220 Requirements for Admission to MembershipContentsiv30033011P1: 16, 201215.

6 0 Table of ContentsSectionPageBL 200 Admission to, and Retention of, Membership andAssociation continued220R Implementing Resolution Under Section for Admission to Membership230 Requirements for Retention of Membership230R Implementing Resolutions Under Section for Retention of Membership240 Certificate of Membership250 Right of Members to Describe Themselves as Such260 International Associates260R Implementing Resolution Under Section AssociatesBL 300 Organization and General320 Membership320R Implementing Resolution Under Section Council340 Board

7 Of Directors340R Implementing Resolution Under Section of Directors350 Officers Elected by Council350R Implementing Resolution Under Section Elected by Council360 Committees360R Implementing Resolutions Under Section 400 Financial Management and Financial Management and Controls401R Implementing Resolution Under Article 4 Financial Management and Controls410 Audit420 Committee on Audit430 Execution of Instruments on Behalf of the Institute440 Indemnification450 Dues460 Fiscal Year460R Implementing Resolution Under Section YearContents vP1: 16, 201215.

8 0 Table of ContentsSectionPageBL 500 Meetings of the Institute and the Meetings of the Institute and the Council510 Meetings of the Institute520 Meetings of Council530 General Provisions Governing MeetingsBL 600 Election of Council, Board of Directors, and Officersof the Election of Council, Board of Directors, andOfficers of the Institute610 Members of Council Directly Elected by Membersof the Institute610R Implementing Resolution Under Section of Council Directly Elected by Membersof the Institute620 Selection of Members of Council to RepresentState Societies630 Election of Members-at-Large of Council, Board ofDirectors, Chairman of the Board.

9 And ViceChairman of the Board640 Forfeiture of Office for Nonattendance650 Vacancies650R Implementing Resolution Under Section Election Meeting of Council670 Term LimitBL 700 Termination of Membership and Disciplinary Termination of Membership and DisciplinarySanctions710 Resignation of Membership710R Implementing Resolution Under Section of Membership720 Termination of Membership for Nonpayment ofFinancial Obligation or for Failure to ComplyWith Membership-Retention Requirements720R Implementing Resolution Under Section of Membership for Nonpayment ofFinancial Obligation or for Failure to ComplyWith Membership-Retention Requirements730 Disciplinary Action Without a HearingContentsviP1: 16, 201215.

10 0 Table of ContentsSectionPageBL 700 Termination of Membership and DisciplinarySanctions continued730R Implementing Resolution Under Section Action Without a Hearing740 Disciplining of Member by Trial Board740R Implementing Resolution Under Section of Member by Trial Board750 Reinstatement750R Implementing Resolution Under Section Publication of Disciplinary Action760R Implementing Resolution Under Section of Disciplinary Action770 Disciplinary Sections Not to Be AppliedRetroactivelyBL Amendments810 Proposals to Amend the Bylaws820 Proposals to Amend the code of ProfessionalConduct830 Submission to Council via Board of Directors840 Submission to Membership by Mail BallotBL AICPA Mission Statement921 A Description of the Professional Practiceof Certified Public viiP1: 15, 201215.