Looking at the AICPA's "Non-authoritative Guidance" From an Ethics Perspective

Overview

Most professional accountants are at least somewhat familiar with the AICPA’s Code of Professional Conduct, available at the AICPA’s online ethics library. But the online ethics library also includes other information, such as non-authoritative case studies. This course provides an overview of – and commentary on – these instructive supplemental materials.

Prerequisites

None

Objectives

• Develop a more accurate – and nuanced – understanding of the differences between “authoritative” and “nonauthoritative” pronouncements and guidance
• Become aware of – and generally familiar with – the nonauthoritative guidance provided by the AICPA in its Online Ethics Library
• Consider some specific nonauthoritative guidance regarding noncompliance with laws and regulations (NOCLAR) and nonattest services
• Consider a recent real-world case in which the court was asked to consider whether nonauthoritative guidance establishes a legal “standard of care” for accountants

Highlights

• When and How are AICPA Pronouncements “Authoritative”?
• Authoritative Ethical Pronouncements
• What is “Nonauthoritative” Guidance?
• Nonauthoritative Guidance in the AICPA Online Ethics Library
  • A Closer Look at: Nonattest Services
  • A Closer Look at: NOCLAR
• Case Analysis: Hale v. State Farm Mut. Auto. Ins. Co.
• Conclusion