The Due Care Principle in the AICPA Code

question 18

Multiple Choice

The due care principle in the AICPA code:

• A) Addresses the quality of the individual who performs professional services
• B) Addresses the quality of services performed by the CPA
• C) Addresses whether the independence standards have been met
• D) Addresses whether integrity and objectivity have been compromised

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Definitions:

Ethics Ombudsperson

An appointed official within an organization who provides confidential assistance and guidance to employees on ethical dilemmas or concerns.

Ethical Dilemmas

Complex situations where a person must choose between two or more conflicting moral imperatives, making the decision difficult.

Price Discrimination

A pricing strategy where a company charges different prices for the same product or service to different customers, based on various factors.

Customers

Individuals or entities that purchase goods or services from another individual or business, often the focal point in marketing efforts.