If the AICPA Code of Professional Conduct Does Not Specifically

question 9

Multiple Choice

If the AICPA Code of Professional Conduct does not specifically address a threat to auditor independence the auditor should:

• A)Conclude that the threat is not significant unless proven so.
• B)Conclude that the threat results in a lack of independence unless it can be shown that no impairment of independence occurs.
• C)Consider the threat from the perspective of a reasonable an informed third party who has knowledge of all the relevant information.
• D)Consult the Statements on Auditing Standards for guidance.

---

Definitions:

Larry Ellison

Co-founder of Oracle Corporation, a major software and technology company, known for his contributions to the development of database management systems.

Achievement

The accomplishment or attainment of personal goals, often recognized by success or honors.

Industrial Revolution

A period of major industrialization that took place during the late 1700s and early 1800s, leading to significant changes in technology, economics, and society.

Stratification

The arrangement or classification of society into different layers or classes based on factors like wealth, income, race, education, and power.