The Rule in the PCAOB/AICPA Code of Professional Conduct That

question 33

Multiple Choice

The rule in the PCAOB/AICPA Code of Professional Conduct that is referred to as Responsibilities can be stated as:

• A)CPAs should act in a way that will serve the public interest, honor the public trust, and demonstrate commitment to professionalism.
• B)To maintain and broaden public confidence, CPAs should perform their professional duties with the highest sense of integrity.
• C)In carrying out their professional duties, CPAs should exercise sensitive professional and moral judgments in all their activities.
• D)CPAs in public practice should observe the principles of the Code of Professional Conduct in determining the scope and nature of services to be provided.

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Definitions:

Incompetence

The lack of ability, qualification, or capacity to perform a specified job or task effectively.

Personal Distress

Negative feelings and emotions that an individual experiences as a result of witnessing others in distress.

Dimensional Approach

A method of classifying characteristics or disorders on a spectrum rather than as categorical, binary states.

Categorical Approach

A method of classification based on discrete and distinct categories or groups.