Showing posts with label CPA Ethics. Show all posts
Showing posts with label CPA Ethics. Show all posts

8/5/15

The following is a culmination of more than 13 years of ongoing research that has provided a way to discover how to navigate what “is”, and offers a vehicle for others to find answers to questions they may or may not have thought of.

Insights have been accumulated while working as a financial advisor
and portfolio manager through The Asian Currency Crisis, Y2K, The Dot.com Bubble,
9/11, The Financial Crisis of 2008-9, and continue
as subsequent geopolitical, military, economic, fiscal and monetary events occur.

What you may think I'm thinking isn’t necessarily what I'm thinking.



George Hartzman

If most were to comprehend the “realities” of what may actually be,
as opposed to what most currently think is,
an entirely different set of counterintuitive circumstances could emerge.

Effectiveness through understanding could be exponential,
as long as most continue to not know what they could.

The quotes provide context to increase comprehension,
with the fewest words in the shortest time.

Format originally conceived
to conform to financial institution marketing compliance guidelines
to teach CPAs, attorneys and investors
economics, investment planning, philosophy and business ethics.

Writing style is kind of like poetry, only enigma cocooned in inquiry
surrounded by the random chaos of Socratic thought,
which is not supposed to be easy.

The end of all our exploring will be to arrive where we started
and know the place for the first time.



T. S. Eliot

If the present embodies the past and future,
rational analysis maximizes present accomplishment, and chances of success are better
for those who more accurately prognosticate the farthest into the future,
the who and why to find first is you,
before the when and how to achieve what for the longest time with the least risk.

The questions are puzzle pieces designed to initiate debate,
encourage independent verification and promote self examination.

People are usually more convinced by reasons they discovered themselves
than by those found by others.



Blaise Pascal

If what others think is true may not be what you do,
interpretations should differ.

8/5/12

A few North Carolina CPA Rules

A CPA shall not knowingly violate any state or federal tax laws or regulations
in handling the ...business affairs of an employer or client...


A CPA shall not express an opinion that financial statements
are presented in conformity with generally accepted accounting principles
if such statements contain any departure from an accounting principle
which has a material effect on the statements taken as a whole...

21 NCAC 08N .0209 ACCOUNTING PRINCIPLES

A CPA shall not engage in deceptive conduct.

Deception includes fraud or misrepresentation and representations or omissions
which a CPA either knows or should know have a capacity or tendency to deceive.

Deceptive conduct is prohibited whether or not anyone has been actually deceived.

Prohibited conduct under this Section includes but is not limited to deception in:

...creating false or unjustified expectations of favorable results;

...falsifying a review, report, or any required program or checklist of any peer review program.

21 ncac 08n .0202 DECEPTIVE CONDUCT PROHIBITED

A CPA shall not engage in conduct discreditable to the accounting profession.

Discreditable conduct includes but is not limited to:

acts that reflect adversely on the CPA's honesty,
integrity, trustworthiness, good moral character, or fitness as a CPA in other respects;

21 ncac 08n .0203 DISCREDITABLE CONDUCT PROHIBITED

A CPA and CPA firm shall be responsible for assuring compliance with the rules
...by anyone who is the CPA's partner, fellow shareholder, member, officer, director,
licensed employee, unlicensed employee or agent or unlicensed principal,
or by anyone whom the CPA supervises.

A CPA or CPA firm shall not permit others
(including affiliated entities) to carry out on the CPA's behalf,
with or without compensation,
acts which if carried out by the CPA would be a violation of these Rules.

21 NCAC 08N .0103 RESPONSIBILITY FOR COMPLIANCE BY OTHERS

7/21/12

On David Massey, Securities Director for the state of North Carolina

"The president of the North American Securities Administrators Association
...which is comprised of securities regulators from all 50 states...
David Massey, the deputy securities administrator for the state of North Carolina,
began a one-year term as president
of the North American Securities Administrators Association (NASAA) in September.

What are your priorities for NASAA in 2011?

Number one on our priority list is that financial professionals
who provide investment advice be subject to fiduciary duty.

6/12/12

Can truth be a casualty of social instability?

Those who do not accept the fundamental principles of state propaganda
are simply excluded from the debate
(or if noticed, dismissed as "emotional," "irresponsible," etc…)

Noam Chomsky

If a few multinational corporations
own an overwhelming majority of newspapers, magazines, news channels
radio stations, book publishers and business information sources,
what are the chances of an investigative journalist
publishing a negative story on a sister subsidiary
or on a subsidiary of another company that could retaliate in kind,
or on a whistleblower against the top brass
of the fourth largest bank in the country?

Is it worse that America’s political leadership didn’t see the financial crisis coming,
or that most economists and business leaders didn’t know
or did and failed to inform the public,
or that some legislators sharing relatively high portions of blame,
pledged to find and punish those responsible and did relatively nothing
as the regulatory infrastructure of the country became compromised?

It is difficult to get a man to understand something
when his salary depends on his not understanding it

Upton Sinclair

Is an untruth disseminated as true a lie
if the truth remains unfound through in-curiosity?