Which Most Closely Identifies Why It Is Important for Payroll

question 36

Multiple Choice

Which most closely identifies why it is important for payroll accountants to adhere to the AICPA Code of Ethics?

• A) To avoid potential underpayments of employee compensation.
• B) To prevent fraud by company officers.
• C) To protect the assets of the company and remit money owed to the government.
• D) To maintain personal and professional standards.

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Definitions:

Number Of Standards

The term "Number Of Standards" refers to the count of formal guidelines, criteria, or specifications established by recognized bodies to ensure quality, safety, and efficiency.

Communication Standard

A set of technical rules and guidelines that dictate how data is transmitted and received over a network.

EDI

Electronic Data Interchange, a standardized way of exchanging business documents and data electronically between organizations.

Routine Documents

Documents that are used regularly within an organization for its ongoing operations, such as forms, reports, and standard operating procedures.