Four of the Six Ethical Principles in the AICPA's Code

question 75

Multiple Choice

Four of the six Ethical Principles in the AICPA's Code of Professional Conduct are equally applicable to all members of the AICPA. Which of the following principles applies only to members in public practice?

• A) Scope and Nature of Services
• B) Integrity
• C) Due Care
• D) The Public Interest

Grasp the concept and structure of the SPIN (Situation, Problem, Implication, Need-payoff) questioning technique.

Assess the impact of product demonstrations in influencing buyer decisions.

Construct questions effectively to leverage sales opportunities and build customer relationships.

Understand the sequence and importance of steps in the relationship selling process.

---

Definitions:

Form of Document

refers to the specific layout, structure, and requirements that a document must meet for legal or official purposes.

Negotiability

The quality of a financial instrument that allows it to be transferred or assigned from one party to another in a way that the rights accompanying the instrument are also transferred.

Revised Article 3

The updated section of the Uniform Commercial Code that delineates rules and procedures for negotiable instruments.

Particular Fund Doctrine

The principle that a creditor can only lay claim to specific funds or assets of a debtor rather than the debtor's general assets.