Ethics Rules in the AICPA Code Apply To

question 56

Multiple Choice

Ethics rules in the AICPA Code apply to:

• A) Individual CPAs who are licensed by state boards of accountancy only
• B) Individual CPAs who are licensed by state boards of accountancy and accounting firms
• C) Licensed accounting firms and certain members of alternative practice structures
• D) Individual CPAs who are licensed by state boards of accountancy, licensed accounting firms, and certain members of alternative practice structures

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Definitions:

Information Gaps

Situations where there is a lack of necessary information, leading to uncertainties or misunderstandings.

Formal Outline

A structured framework for organizing the main points and subpoints of a speech or written document in a hierarchical manner.

Internet Search

The process of using a web search engine to find information on the internet.

Ethical Lapse

A failure to act in a morally correct manner, often violating accepted ethical standards.