a great resource www.nysscpa.org
public ethics resource speaks of (but not limited to) the following for those interested.
Objectivity is a state of mind, a quality that lends value to a member’s services. It is a distinguishing
feature of the profession. The principle of objectivity imposes the obligation to be impartial,
intellectually honest, and free of conflicts of interest.
Members often serve multiple interests in many different capacities and must demonstrate their
objectivity in varying circumstances. Members render attest, tax, and management advisory
services as well as prepare financial statements in the employment of others, perform internal
auditing services, and serve in financial and management capacities in industry, education, and
government. They also educate and train those who aspire to admission into the profession.
Regardless of service or capacity, members should protect the integrity of their work, maintain
objectivity, and avoid any subordination of their judgment.
All members have the responsibility to maintain objectivity in rendering professional services.
Members employed by others to prepare financial statements or to perform auditing, tax, or
consulting services are charged with the same responsibility for objectivity as members who
perform attest services and must be scrupulous in their application of generally accepted
accounting principles and candid in all their dealings with members who perform external attest
Independence precludes relationships that may impair or appear to impair a member’s objectivity in
rendering attestation services.
For a member rendering attest services, the maintenance of independence requires a continuing
assessment of client relationships and public responsibility. Such a member who provides auditing
and other attestation services should be independent in fact and appearance. In providing all other
services, a member should maintain objectivity and avoid conflicts of interest.
Although members who are employed in industry, academia, or other non-attest practice areas
cannot maintain the appearance of independence, they nevertheless have the responsibility to
maintain objectivity in rendering professional services. Members employed by others to prepare
financial statements or to perform internal auditing, tax, or consulting services are charged with the
same responsibility for objectivity as members who provide attest services and must be scrupulous
in their application of generally accepted accounting principles and candid in all their dealings with
members who act as third-party auditors.
101-1—Knowing misrepresentations in the preparation of financial statements or records. A
member shall be considered to have knowingly misrepresented facts in violation of rule 101 when
he or she knowingly –
a. Makes, or permits or directs another to make, materially false and misleading entries in
an entity’s financial statements or records; or
b. Fails to correct an entity’s financial statements or records that are materially false and
misleading when he or she has the authority to record an entry; or
c. Signs, or permits or directs another to sign, a document containing materially false and
misleading information. http://www.nysscpa.org/prof_library/codecondu...