Author Description

Product Description For many years the International Accounting Standards Committee (IASC) has been working to develop a set of accounting standards which can be used to bring about uniformity in financial reporting around the world. Wiley IAS 2001 provides the tools for understanding those standards and offers expertise on how to use and implement them. From the Back Cover Ethical conduct for CPAs has never been more complex. Without a clear and up-to-date knowledge of the Code of Professional Conduct, CPAs enter a potential minefield that could lead to a variety of sanctions. For example, in January 1999, the SEC censured one of the Big Five accounting firms for violations of independence rulings. New guidance is continually being provided by both the AICPA’s Professional Ethics Executive Committee and the recently created Independence Standards Board, a joint effort of the AICPA and the SEC to provide guidance on complex independence issues. The CPA’s Guide to Professional Ethics provides insight making it an invaluable resource for CPAs. Included are the following: • Latest information on the Independence Standards Board • Diagrams, flowcharts, and other tools to explain and interpret the Code • Charts illustrating how each state’s ethics requirements vary from those of the AICPA