A Member in Public Practice May Be Held Responsible for Compliance

question 37

Multiple Choice

A member in public practice may be held responsible for compliance with Rules of Conduct in the AICPA's Code of Professional Conduct of:

• A) the member only.
• B) all persons under the member's supervision.
• C) all the member's partners or shareholders in the practice.
• D) all persons under the member's supervision or all the member's partners or shareholders in the practice.
• E) the member or all persons under the member's supervision.

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Definitions:

Ethnic Minorities

Groups within a community who have different national or cultural traditions from the main population, often having distinct language, religion, or heritage.

Working Poor

Describes individuals who are employed but whose earnings are not sufficient to lift them above the poverty threshold.

Federal Housing Policy

Government actions and regulations aimed at ensuring access to housing, improving housing affordability, and promoting fair housing practices.

Mortgage Interest Deductions

A tax deduction that homeowners can take for the interest paid on a mortgage for their residence, which reduces taxable income.