Connecticut Administrative Code › Title 20 - Professional and Occupational Licensing, Certification › 280 - Issuance of Certified Public Accountant Certificate by Written Examination › Rules of Professional Conduct › Section 20-280-15a - Code of professional conduct

Current through July 10, 2024
(a) This code of
				professional conduct is promulgated under the authority granted by section
				20-280(g)(4) of the Connecticut General Statutes, which delegates to the State
				Board of Accountancy of Connecticut the power and duty to prescribe rules of
				professional conduct for establishing and maintaining high standards of
				competence and integrity in the profession of public accountancy.
(b) The rules of conduct set out in section
				20-280-15c of
				the Regulations of Connecticut State Agencies rest upon the premises that the
				reliance of the public in general and of the business community in particular
				on sound financial reporting, and on the implication of professional competence
				which inheres in the authorized use of a legally restricted title relating to
				the practice of public accountancy, imposes on persons engaged in such practice
				certain obligations both to their clients and to the public. These obligations,
				which the rules of conduct are intended to enforce where necessary, include the
				obligation to maintain independence of thought and action, to strive
				continuously to improve one's professional skills, to observe where applicable
				generally accepted accounting principles and generally accepted auditing
				standards, to promote sound and informative financial reporting, to hold the
				affairs of client in confidence, to uphold the standards of the public
				accountancy profession, and to maintain high standards of personal conduct in
				all matters affecting one's fitness to practice public accountancy
(c) Acceptance of licensure to engage in the
				practice of public accountancy, or to use titles which imply a particular
				competence so to engage, involves acceptance by the licensee of such
				obligations, and accordingly of a duty to abide by the rules of
				conduct.
(d) The rules of conduct
				are intended to have application to all kinds of professional services
				performed in the practice of public accountancy, including tax and management
				advisory services, and to apply as well to all licensees, whether or not
				engaged in the practice of public accountancy, except where the wording of a
				rule clearly indicates that the applicability is more limited.
(e) A licensee who is engaged in the practice
				of public accountancy outside the United States will not be subject to
				discipline by the board for departing, with respect to such foreign practice,
				from any of the rules, so long as his conduct is in accordance with the
				standards of professional conduct applicable to the practice of public
				accountancy in the country in which he is practicing. However, even in such a
				case, if a licensee's name is associated with financial statements in such
				manner as to imply that he is acting as an independent public accountant and
				under circumstances that would entitle the reader to assume that United States
				practices are followed, he will be expected to comply with subsections (e) to
				(h), inclusive, of section
				20-280-15c of
				the Regulations of Connecticut State Agencies.
(f) In the interpretation and enforcement of
				the rules of conduct, the board will give consideration, but not necessarily
				dispositive weight, to relevant interpretations, rulings and opinions issued by
				the boards of other jurisdictions, and by appropriately authorized committees
				on ethics of professional organizations.