Louisiana Administrative Code › Title 46 - PROFESSIONAL AND OCCUPATIONAL STANDARDS › Part XIX - Certified Public Accountants › Chapter 17 - Rules of Professional Conduct › Section XIX-1700 - General

Current through Register Vol. 50, No. 6, June 20, 2024
A. Preamble
1. The services usually and customarily
				performed by those in the public practice of accountancy 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 and generally accepted auditing
				standards; promoting sound and informative financial reporting; holding the
				affairs of clients in confidence; upholding the standards of the public
				accountancy profession; and maintaining high standards of personal and
				professional conduct in all matters affecting fitness to practice public
				accountancy.
2. The board has an
				underlying duty to the public to insure that these obligations are met in order
				to achieve and maintain a vigorous profession capable of attracting the bright,
				young minds essential for adequately serving the public interest.
3. These rules of professional conduct are
				intended to have application to all kinds of professional services performed
				for the public in the practice of public accountancy, including but not limited
				to services relating to auditing; accounting; review and compilation services,
				tax services; management advisory and consulting services; and financial
				planning, and intended to apply as well to all certificate holders, whether or
				not engaged in the practice of public accounting, except where the wording of
				one of these rules of professional conduct clearly indicates that the
				applicability is more limited.
4.
				In the interpretation and enforcement of these rules, the board may consider
				relevant interpretations, rulings, and opinions issued by the boards of other
				jurisdictions, the Securities and Exchange Commission, recognized professional
				standard setting organizations, and appropriate committees of professional
				organizations, but will not be bound thereby.
5. All licensees and certificate holders
				shall comply with the AICPA
Code of Professional Conduct
revised effective December 15, 2014, incorporated herein by reference in this
				rule. The AICPA
Code of Professional Conduct
may be found at
				the AICPA website,
www.aicpa.org
. The boards
				rules of professional conduct shall prevail if a conflict exists between it and
				the AICPA
Code of Professional Conduct
.