Member in Public Practice
According to the AICPA (American Institute of Certified Public Accountants), a member in public practice refers to an individual who provides professional services to clients, as a partner or employee of a public accounting firm or as a sole practitioner. These professional services typically include accounting, auditing, tax, advisory, and consulting services, among others.
Members in public practice are subject to the AICPA Code of Professional Conduct, which sets forth the ethical principles, rules, and guidelines that they must adhere to while performing their professional responsibilities. These include the fundamental principles of integrity, objectivity, professional competence, due care, confidentiality, and professional behavior.
The AICPA Code of Professional Conduct also includes specific rules and guidelines for members in public practice related to independence, fees, advertising and solicitation, client records, and other aspects of their professional relationships and services. These rules and guidelines are designed to help ensure that members in public practice maintain the highest standards of professionalism, protect the public interest, and promote trust in the accounting profession.