Discussion CPAs and Financial Crisis

Input into Google or other search engine, AICPA Code of Professional Responsibility Section 53.  A pdf file should come up.  Open the pdf.  Go to Section 53, Article II – The Public Interest.  Read this article.

• Follow the link and read the article: “2007 Financial Crisis Explanation, Causes, and Timeline.”

Consider what you have read in your course material and learned from what this article states about ethics and the duty of the Certified Public Accountant (CPA) in relation to the public interest.

• Based on this information, respond and discuss to the following statement.  Explain whether you agree or disagree.  Support your position using the course materials and the article.

“CPAs should have been able to prevent the global financial crisis of 2007–2008.”

LICENSES AND ATTRIBUTIONS

CC LICENSED CONTENT, ORIGINAL

Adapted from Linda Williams and Lumen Learning. License: CC BY: Attribution