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School
California State University, Fullerton **We aren't endorsed by this school
Course
ACCT 401
Subject
Accounting
Date
Oct 11, 2023
Pages
1
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2. Code of professional conduct and independence 1. What is the Structure of the AICPA Code of Professional Conduct? Preface Code Part 1: Members in Public Code Part 2: Members in Business Code Part 3: Other Members 2. The rule of the AICPA Code of Professional Conduct on Independence says ___? A member in public practice shall be independent in the performance of professional services as required by standards promulgated by bodies designated by Council. 3. Under the Code of Professional Conduct of the AICPA, which of the following is required to be independent in fact and appearance when discharging professional responsibilities? A CPA in public practice providing auditing and other attestation services 4. According to the AICPA Code of Professional Conduct, which of the following actions will impair independence? Participating in the hiring or termination of a client's employees 5. The code of professional conduct, Independence Rule, does not consider which of the following circumstances to be a lack of independence The auditor's brother-in-law's father is the controller of the client being audited 6. The Code of Professional Conduct requires independence for all financial statement audits. 7. If the AICPA code of professional conduct does not specifically address a threat to auditor independence, the auditor should: Consider the threat from the perspective of a reasonable and informed third party who has knowledge of all the relevant information 1. A covered member, under the independence rules in the AICPA Code of Professional Conduct, is best defined as a person in a position to ( ) Potentially influence attest decisions or the outcome of an attest engagement . 2. Under the AICPA Code of Professional Conduct, which of the following rules is not applicable to CPAs in business? Independence 3. Which of the following is not prohibited by the AICPA Code of Professional Conduct? advertising in newspapers
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