Yes. The Illinois Administrative Rules Section 1420.200 state that, “The Division hereby incorporates by reference the AICPA Code of Professional Conduct…as its minimum standards for professional conduct.”
Section 1.310.001 of the AICPA Code of Professional Conduct states that, “A member who performs auditing, review, compilation, management consulting, tax or other professional services shall comply with the standards promulgated by bodies designated by Council”, where –
- The term “member” refers to a member in public practice and not necessarily a member of the AICPA;
- The term “Council” refers to the AICPA Council; and
- The “standards promulgated by bodies designated by Council” are listed in Appendix A of the AICPA Code of Professional Conduct, including the Statements on Auditing Standards (SASs) and Statements on Standards for Accounting and Review Services (SSARS).
Section 7.1 of the Bylaws of the Illinois CPA Society also state that, “The rules of professional ethics of the Society shall consist of the Code of Professional Conduct of the American Institute of Certified Public Accountants as now constituted and as may from time to time be amended hereafter.”