Illinois Administrative Code
Title 68 - PROFESSIONS AND OCCUPATIONS
Part 1420 - ILLINOIS PUBLIC ACCOUNTING ACT
Section 1420.200 - Unprofessional Conduct
Universal Citation: 68 IL Admin Code ยง 1420.200
Current through Register Vol. 48, No. 38, September 20, 2024
a) Pursuant to Section 20.01(a)(12) of the Act, unprofessional conduct in the practice of accountancy activities shall include, but not be limited to:
1) Knowingly misrepresenting facts and, when
engaged in accountancy activities, including the rendering of tax and
management advisory services;
2)
Undertaking any engagement that a licensee cannot reasonably expect to complete
with professional competence;
3)
Permitting his, her or its name to be used in conjunction with any forecast of
future transactions in a manner that may lead to the belief that the licensee
vouches for the achievability of the forecast;
4) Committing an act that violates public
policy or is discreditable to the public accounting profession;
5) Failure to disclose a referral fee to a
client for recommending or referring any service of a CPA to any entity or who
pays a referral fee to obtain a client;
6) Engaging in any business or occupation
that impairs the objectivity of a licensee's judgment in connection with the
rendering of professional services;
7) Practicing accountancy activities in a
form of organization not permitted by Illinois law or regulation;
8) Practicing under a CPA firm name that is
misleading. For the purposes of Section
1400.200,
an owner surviving the death or withdrawal of all other owners may continue to
practice under a name that includes the name of past owners for up to two years
after becoming a sole practitioner;
9) Discriminating against clients on the
basis of race, gender, religion, age, national origin, political affiliation,
social or economic status, choice of lifestyle, or sexual orientation;
and
10) Directly or indirectly
giving to or receiving from any person any fee, commission, rebate or other
form of compensation for any professional services not actually
rendered.
b) The Division hereby incorporates by reference the AICPA Code of Professional Conduct (2015, no later editions or amendments included), 1211 Avenue of the Americas, New York NY 10036-8775, as its minimum standards for professional conduct.
Disclaimer: These regulations may not be the most recent version. Illinois may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
