The Code of Professional Conduct Is Established by the Membership

question 32

Multiple Choice

The Code of Professional Conduct is established by the membership of the AICPA, and the Interpretations of the Rules of Conduct are prepared by the

• A) Financial Accounting Standards Board.
• B) Securities and Exchange Commission.
• C) CPA licensing agencies within each state.
• D) Professional Ethics Executive Committee of the AICPA.

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Definitions:

Ingroup

A group to which an individual belongs, feels a sense of identity, and derives a positive self-esteem from membership.

Outgroup

Any group an individual does not belong to or identify with.

Discrimination

Discrimination is unjust or prejudicial treatment of individuals based on characteristics such as race, gender, age, or sexual orientation.

Peripheral Route

A method of persuasion that uses low elaboration—where people minimally process the message. This method usually results in development of weaker attitudes.