The AICPA's Code of Professional Conduct Includes Principles,rules and Interpretations

question 62

Essay

The AICPA's Code of Professional Conduct includes principles,rules and interpretations.
a.Describe the purpose of each of the three parts.
b.Describe the disciplinary action that may be taken against a member who violates the Code.
c.Must the Rules be followed by members of the AICPA that are not in public practice? Explain your answer.

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Definitions:

High-interest Loans

Loans that carry significantly higher interest rates than typical loans, often due to increased credit risk.

Economic Incentives

Motivations that influence the financial decisions of individuals and businesses, typically involving rewards or penalties.

Major

In an academic context, it refers to the primary focus or specialization of study selected by a college or university student.

College Apparel

Merchandise such as clothing, accessories, and souvenirs branded with college or university logos, typically sold on campuses or specialty retailers.