The Following Is a List of Circumstances That Might Be

question 18

Multiple Choice

The following is a list of circumstances that might be faced by a public accounting firm.Select the rule violated of the AICPA Code of Professional Conduct in the second column.If no rule is violated select "no violation" (this may be used once,more than once,or not at all) .Rules may be used either once,or not at all.
-A CPA does not follow generally accepted auditing standards in the audit of a nonpublic US company.

• A)Acts discreditable.
• B)Accounting principles.
• C)Integrity and objectivity.
• D)Compliance with standards.
• E)Independence.
• F)Contingent fees.
• G)No violation.

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Definitions:

Sherman Act

A foundational antitrust law in the United States that prohibits monopolistic practices and promotes competition.

Boycott

A protest strategy where individuals or groups refuse to buy, use, or participate in something as a form of protest.

Clayton Act

An antitrust law enacted in 1914 in the United States, aimed at promoting fair competition and preventing monopolies by prohibiting certain actions that could lead to anti-competitive practices.

Robinson-Patman Act

U.S. legislation aimed at preventing unfair competition and price discrimination by regulating trade practices in the wholesale level.