Mississippi Administrative Code › Title 30 - Professions and Occupations › Part 1 - Mississippi State Board of Public Accountancy Rules and Regulations Appendix; Schedule of Fees › Chapter 6 - Rules of Professional Conduct › Rule 30-1-6.1 - Preamble

Current through June 25, 2024
Rule 6.1.1. The Mississippi State Board of Public
				  Accountancy promulgates these
Rules of
Professional
				  Conduct
within the
Rules and Regulations
under the
				  authority of Title 73, Chapter 33 of the Mississippi Code of 1972, as amended
				  which directs the Board to adopt and enforce such rules and regulations ". . .
				  as the Board considers necessary to maintain the highest standard of
				  proficiency in the profession of certified public accounting and for the
				  protection of the public interest." The services usually and customarily
				  performed by CPAs involve a high degree of skill, education, trust and
				  experience which are professional in scope and nature. The use of professional
				  designations carries an implication of possession of the competence associated
				  with a profession. The public, in general, and the business community, in
				  particular, rely on this professional competence by placing confidence in
				  reports and other services of accountants. The public's reliance, in turn,
				  imposes obligations on persons utilizing professional designation, both to
				  their clients and to the public in general. These obligations include
				  maintaining independence of thought and action, continuously improving
				  professional skills, observing, where applicable, generally accepted accounting
				  principles, generally accepted auditing standards, and other professional
				  standards, promoting sound and informative financial reporting, holding the
				  affairs of clients in confidence, upholding the standards of personal and
				  professional conduct in all matters affecting fitness to the practice of
				  accountancy.
Rule 6.1.2. The
Rules of Professional
				  Conduct
are intended to have application to all professional services
				  performed by licensees and/or firm permit holders (registrants) including but
				  not limited to auditing, accounting, review and compilation services, tax
				  preparation services, tax advisory services, management advisory services,
				  financial advisory, investment planning, and consulting services.
Rule 6.1.3. The
Rules of Professional
				  Conduct
are intended to apply as well to all registrants, whether or
				  not engaged in the practice of public accounting, except where the wording
				  indicates that the applicability is more limited. However, a registrant
				  practicing outside the United States will not be subject to discipline for
				  departing from any of the rules stated herein so long as his conduct is in
				  accord with the rules of the organized accounting profession in the country in
				  which he is practicing. However, where a registrant's name is associated with
				  financial statements in such a manner as to imply that he is acting as an
				  independent certified public accountant and under circumstances that would
				  entitle the reader to assume that United States practices were followed, he
				  must comply with the requirement of all applicable rules.
Rule 6.1.4. A CPA shall be held responsible for compliance
				  with the
Rules of Professional
Conduct
by all
				  persons associated with him in the practice of public accounting who are either
				  under his supervision or are his partners, shareholders, or members in the
				  practice. A firm permit holder shall be responsible for assuring compliance
				  with these rules by any of its officers, directors, shareholders, principals,
				  partners, proprietors, employees or agents.
Rule 6.1.5. A registrant CPA or firm permit holder shall not
				  permit others to carry out on his behalf, either with or without compensation,
				  acts which, if carried out by the registrant would place him in violation of
				  the rules of professional conduct.
Rule 6.1.6. These rules do not identify all acts that may be
				  considered incompatible with the obligations and responsibilities imposed by
				  professional status or discreditable or harmful even though not specifically
				  mentioned or described in the rules. Any registrant may be censured, suspended
				  or revoked by the Board for any unprofessional conduct or other sufficient
				  cause whether or not the alleged misconduct is specifically enumerated or
				  described in the following rules, provided proper notice and hearing is given
				  said registrant.
Rule 6.1.7. In addition to all other requirements contained
				  in these Rules of Professional Conduct, all licensees and firm permit holders
				  shall conform in fact and in appearance to the AICPA Code of Professional
				  Conduct. Any conflict between the Board Rules and the AICPA Code of
				  Professional Conduct shall be resolved in favor of the more restrictive
				  requirement, as determined by the Board.
Miss. Code Ann. §
				  73- 33-5 (f)