Hidden Agenda? AICPA Opens ABV to Non-CPAs
CPAs Object to AICPA Rebranding ABV Credential In May 2018 the American Institute of Certified Public Accountants (AICPA) Council voted to open its Accredited in Business Valuation (ABV) designation to non-CPAs. Given the swift and relentless blow-back, the AICPA may have misjudged membership’s support for what appears to be an ‘ends justify the means’ dilution […]
Read More»Family Lawyers Should Know Forensic Accountants’ Ethics and Standards
- At June 18, 2012
- By Miles Mason
- In Forensic Accounting
- 0
What family lawyers should know about forensic accountants’ ethics and standards to prepare for cross-examination in divorce cases. Experienced forensic accountants will tell you that some of the most devastating cross-examinations can be about ethics and standards. Accountants’ ethical guidelines and standards are rules created to protect the public and clients. For the accounting profession, […]
Read More»AICPA Rule 101: Independence Required of Forensic Accountants
- At June 17, 2012
- By Miles Mason
- In Forensic Accounting
- 0
The AICPA’s independence requirement for forensic accountants creates an opportunity for family lawyers to cross-examine inexperienced experts on tough potential conflicts of interest. AICPA’s Code of Professional Conduct requires all CPA’s must be independent: ET Section 101 Independence Rule 101—Independence A member in public practice shall be independent in the performance of professional services as […]
Read More»AICPAs Code of Professional Conduct Rule 102 for Forensic Accountants
- At May 13, 2012
- By Miles Mason
- In Divorce, Forensic Accounting
- 0
The AICPA’s Code of Professional Conduct Rule 102 applied to forensic accountants requires integrity and objectivity. But can a couple’s tax CPA testify on behalf of one client against another? In addition to independence, AICPA’s Code of Professional Conduct Rule 102 requires that a CPA maintain integrity and objectivity: ET Section 102 – Integrity and […]
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