Protecting the CPA Profession

Protecting the occupation of certified public accountants is the top priority of MACPA PAC. Every day we understand that the issue of the title focuses on the attention of the elected representatives. Keep away from the front page; however, these issues will have a serious impact on your livelihood and may continue to be CPA licenses. MACPA PAC is your regulator to a dangerous, non-information based government policy that could damage the certified public accountant's profession. The full effect of time limit is currently being seen and this election is the most important election in the history of Michigan.

Certified accountants' professions have areas that do not protect public interests. Accountant's general responsibility for customers and other people affected by that action is to "pay regular ordinary sound accountants' skills and attention" under the same circumstances. Two elements constitute general responsibility for performance: skills and care. Clients and others have different elements and responsibilities. In other words, accountants should comply with ethical or social responsibility standards.

Recognizing the credibility of a certified public accountant in the United States, each state recognizes public accounting as an expert and issues a certified public accountant (CPA) certificate. CPA certificate symbolizes technical competence. Certified public accountant licenses in the US state that the public interest is protected by the formal identity of a professional accountant who provides their accounting services. The country usually limits audits of financial statements to certified public accountants.

Independence was always the basic philosophy of accounting professionals. In fact, it is the most important of all professional practices. As long as certified public accountants do not maintain independence, financial reports prepared by certified public accountants are generally of little value. Independence is always related to integrity and objectivity. The notion of independence must be related to objectivity and integrity since errors in financial statements may be a result of honesty or lack of integrity.

Independence is a more fundamental and universal concept in accounting than other occupations. In fact, Prime Minister Berg said that independence is an important concept to make CPA different from other occupations. 1 This is correct as the principal duty of a certified public accountant is to act as an auditor certifying a public report explaining the company's financial situation. This is the only exclusive function that CPA has made to the community. The Independent Auditor shall bear public responsibility when making comments. In addition, this public responsibility must exceed the responsibilities for employment relationships and other customers. A certified public accountant has the so-called "public supervision" function of Hamburg and requires that the auditor be subject to the customer's responsibility in order to maintain complete loyalty to the public's trust.