Which of the Following Statements Best Describes Why the Profession

question 1

Multiple Choice

Which of the following statements best describes why the profession of certified public accountants has deemed it essential to promulgate a code of conduct and to establish a mechanism for enforcing observance of the code?

• A)Ethical standards are established so that users of accounting services know what to expect, the professionals know what behaviors are acceptable, and overseers can take disciplinary action when appropriate.
• B)A prerequisite to success is the establishment of an ethical code that stresses primarily the professional's responsibility to clients and colleagues.
• C)A requirement of most state laws calls for the profession to establish a code of conduct.
• D)An essential means of self-protection for the profession is the establishment of flexible ethical standards by the profession.

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Definitions:

Main Effect

The primary influence of an independent variable on a dependent variable in an experimental design, disregarding interactions.

Statistics Course

A structured educational program that teaches the principles, methods, and applications of statistics.

Residual Variation

The difference between observed values and those predicted by a statistical model, reflecting the portion of variation unexplained by the model.

Two Factors

In experimental design, refers to experiments that investigate the effect of two independent variables on a dependent variable.