Which Rule of Professional Conduct in the AICPA Code Does

question 98

Multiple Choice

Which rule of professional conduct in the AICPA Code does not apply both to internal and external accountants who are CPAs and members of the Institute?

• A) Independence
• B) Integrity
• C) Objectivity
• D) Due care

---

Definitions:

Default Risk Premium

The additional yield that an investor demands for holding a bond with default risk over a similar risk-free security.

Nominal Interest Rate

The rate of interest before adjustments for inflation.

Bond Yield

The return an investor realizes on a bond, calculated by dividing the annual interest payments by the bond's current market price.

Borrowing

The act of obtaining funds from another party with the agreement to repay, typically with interest.