Establishment of a code of conduct demonstrates acceptance of responsibility to the interests of those served by the profession. The AICPA Code of Professional Conduct derives its authority from the Bylaws of the AICPA. Statements on Accounting and Review Services are enforceable under the AICPA Code of Professional Conduct. For violations of the Code, members may be required to take remedial action or, for more serious violations, the member may be suspended or expelled.
Are the AICPA rules and the PCAOB rules the same with respect to commissions and referral fees?