- Which section of the professional standards indicates that the CPA might violate the acts discreditable rule?
- Which of the following is least likely to be considered an act discreditable to the accounting profession quizlet?
- What are the 7 threats in the AICPA Code of Professional Conduct?
- What are the six principles of the AICPA Code of Professional Conduct?
- Which of the following acts by a CPA would most likely be considered a violation of the AICPA Code of Professional Conduct?
- Which action would be considered a discreditable act under the acts discreditable rule in the AICPA Code of Professional Conduct?
- What does Rule 203 of the Code of Professional Conduct address?
- Which of the following would be a violation of the rule requiring objectivity by the auditor?
- Which of the following is an act discreditable to the profession?
- Which of the following is prohibited by the AICPA Code of Professional Conduct?
- Which of the following does not impair a CPA’s independence?
- What are the 6 principles of the AICPA Code of Professional Conduct?
- What are the threats to auditor independence?
- What are ethical threats?
- What are threats and safeguards?
- How many principles are in the AICPA Code of Professional Conduct?
- What is AICPA Code of Professional Conduct?
- Which of the six principles in the AICPA Code of Conduct is most related to Article 1.5 of the California Accountancy Act Explain your conclusion?
- What types of disciplinary action may be taken if a member has violated the AICPA Code of Professional Conduct?
- What type of a threat is this to the AICPA rules of conduct?
- Which of the following is considered a discreditable act under the AICPA rules?
- What would be considered a discreditable act?
- What are the rules of the AICPA Code of Professional Conduct?
- Which of the following rules of the AICPA Code of Professional Conduct must be observed only by a member who is in public practice?
- What is Rule 203 of the Code of Professional Conduct quizlet?
270.13 A1 A member who enters into, or directs or knowingly permits another individual to enter into, such an agreement for the performance of audit or other attest services would be considered in violation of the Acts Discreditable Rule and the Professional Behaviour Principle.
Which of the following is least likely to be considered an act discreditable to the accounting profession quizlet?
Which of the following is least likely to be considered an act discreditable to the accounting profession? Refusing to provide the client with copies of working papers the client prepared for the auditor.
What are the 7 threats in the AICPA Code of Professional Conduct?
Threats are circumstances or relationships that can compromise a members compliance to the AICPA Code of Professional Conduct and/or their independence. There are various categories of threats including self-review, advocacy, adverse interest, familiarity, undue influence, self-interest, and management participation
What are the six principles of the AICPA Code of Professional Conduct?
The principles are: Responsibilities Principle, The Public Interest Principle, The Integrity Principle, Objectivity and Independence Principle, Due Care Principle, and the Scope and Nature of Services Principle.
Which of the following acts by a CPA would most likely be considered a violation of the AICPA Code of Professional Conduct?
Which of the following is most likely to violate the AICPA Code of Professional Conduct? Issuing the current year audit report when fees for the past year audit remain uncollected.
Which action would be considered a discreditable act under the acts discreditable rule in the AICPA Code of Professional Conduct?
Insider trading, discrimination, and sexual harassment are all illegal acts and constitute acts discreditable to the profession.
What does Rule 203 of the Code of Professional Conduct address?
Rule 203 states a member should not approve any statements that do not follow Generally Accepted Accounting Principles, also known as GAAP, according to the AICPA Code of Professional Conduct. CPAs also cannot lie about being unaware if changes are made to a financial statement to comply with GAAP.
Which of the following would be a violation of the rule requiring objectivity by the auditor?
Which of the following would be a violation of the rule requiring objectivity by the CPA? receivable without an independent evaluation. the CPA believes is risky, but unlikely to be found during an IRS audit.
Which of the following is an act discreditable to the profession?
Insider trading, discrimination, and sexual harassment are all illegal acts and constitute acts discreditable to the profession.
Which of the following is prohibited by the AICPA Code of Professional Conduct?
270.13 A1 A member who enters into, or directs or knowingly permits another individual to enter into, such an agreement for the performance of audit or other attest services would be considered in violation of the Acts Discreditable Rule and the Professional Behaviour Principle.
Which of the following does not impair a CPA’s independence?
The AICPA Code of Professional Conduct prohibits direct solicitation of clients by CPAs.
What are the 6 principles of the AICPA Code of Professional Conduct?
The principles are: Responsibilities Principle, The Public Interest Principle, The Integrity Principle, Objectivity and Independence Principle, Due Care Principle, and the Scope and Nature of Services Principle.
What are the threats to auditor independence?
Five Threats to Auditor Independence
- Self-Interest Threat. A self-interest threat exists if the auditor holds a direct or indirect financial interest in the company or depends on the client for a major fee that is outstanding.
- Self-Review Threat.
- Advocacy Threat.
- Familiarity Threat.
- Intimidation Threat.
What are ethical threats?
An ethical threat is a situation where a person or corporation is tempted not to follow their code of ethics. An ethical safeguard provides guidance or a course of action which attempts to remove the ethical threat.
What are threats and safeguards?
A threat is the risk that relationships or circumstances could compromise a members compliance with rules of the AIPCA Code of Professional Conduct. Safeguards are actions or other measures that eliminate threats or reduce them to acceptable levels.
How many principles are in the AICPA Code of Professional Conduct?
Threats are circumstances or relationships that can compromise a members compliance to the AICPA Code of Professional Conduct and/or their independence. There are various categories of threats including self-review, advocacy, adverse interest, familiarity, undue influence, self-interest, and management participation
What is AICPA Code of Professional Conduct?
6 principles
Which of the six principles in the AICPA Code of Conduct is most related to Article 1.5 of the California Accountancy Act Explain your conclusion?
The AICPA Code of Professional Conduct (AICPA Code) is a set of principles, rules and interpretations that guides CPAs in the performance of their professional responsibilities.
What types of disciplinary action may be taken if a member has violated the AICPA Code of Professional Conduct?
The AICPA Code of Professional Conduct prohibits direct solicitation of clients by CPAs.
What type of a threat is this to the AICPA rules of conduct?
Violations of the AICPA Code of Professional Conduct may result in a remedial or corrective disciplinary action, such as requiring additional continuing education.
Which of the following is considered a discreditable act under the AICPA rules?
A CPAs retention of client records as a means of enforcing payment of an overdue audit fee is an action that is: Considered discreditable to the profession.
What would be considered a discreditable act?
Acts discreditable can occur as a result of professional actions and personal choices that are inconsistent with the values of the profession. Personal choices can negatively affect professional relationshipsjust the kind of situations intended to be covered under the new professional behavior principle.
What are the rules of the AICPA Code of Professional Conduct?
Additionally, all AICPA members are required to follow a rigorous Code of Professional Conduct which requires that they act with integrity, objectivity, due care, competence, fully disclose any conflicts of interest (and obtain client consent if a conflict exists), maintain client confidentiality, disclose to the
Which of the following rules of the AICPA Code of Professional Conduct must be observed only by a member who is in public practice?
A CPA in public practice providing auditing and other attestation services. Which of the following rules of the AICPA Code of Professional Conduct must be observed only by a member who is in public practice? Independence
What is Rule 203 of the Code of Professional Conduct quizlet?
(Rule 203 prohibits a member from expressing an unqualified opinion on financial statements that contain a material departure from generally accepted accounting principles.)