The maintaining of a good reputation of the profession is fundamental to the ability of the profession to continue to enjoy its current rights and privileges. The privileges of our profession, as a CPA can be described as all of the following except:

1. Not substantial, hence of little concern if they are lost.

2. Including autonomy in discipline of its members.

3. Setting of accounting standards.

4. Recognition by the public and government that new competing professional organizations need not be created to serve the public.