Which of the Following Is a Principle of AICPA's Code

question 52

Multiple Choice

Which of the following is a principle of AICPA's Code of Professional Conduct?

• A) be in compliance with professional standards of all professional bodies
• B) adequately plan and supervise all professional services
• C) cooperate with other professional members to improve the art of accounting and to maintain the public's confidence
• D) obtain sufficient and relevant data to afford a reasonable basis for conclusions or recommendations in relation to any professional services performed

---

Definitions:

Shortage

A situation where the demand for a good or service exceeds the supply available at a specific price.

Rent Controls

Government-imposed limits on the amount landlords can charge tenants for leasing property.

Rental Units

Housing units that are available for rent, including apartments, houses, and townhouses.

Actual Price

The selling price at which a good or service is offered to consumers in the market.