Under the Code of Ethics for CPAs, What Should a CPA

question 70

Multiple Choice

Under the Code of Ethics for CPAs, what should a CPA do in regards to their responsibilities as a professional?

• A) The CPA should demonstrate commitment to the profession by respecting and maintaining the public trust.
• B) The CPA should perform all professional activities with highest regards for integrity.
• C) The CPA should exercise "due care," through professional improvement.
• D) The CPA should avoid conflicts of interest and the appearance of conflicts of interest in performing their professional responsibilities.
• E) The CPA should use a high level of morality that is sensitive to bringing credit to their profession.

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Definitions:

Supply

The total amount of a good or service that is available to consumers, often at various prices.

Bottled Air

Commercially packaged air, often marketed as pure or from a specific location, sold for personal inhalation.

Doubles

Doubles generally refers to a situation or quantity that is twice as large as a reference or starting point.

Perfectly Elastic

A situation in economics where the quantity demanded or supplied responds infinitely or substantially to a change in price.