The AICPA Code of Professional Conduct

question 35

Multiple Choice

The AICPA Code of Professional Conduct:

• A) Makes whistleblowing concerning perceived illegal acts mandatory only if the amounts involved are material to a company
• B) Makes whistleblowing concerning perceived illegal acts mandatory only if the whistleblower is both a CPA and a company employee
• C) Does not make whistleblowing mandatory by CPAs working in industry, but the Integrity and Objectivity Rule expressly encourages it
• D) Tends to discourage it due to the duty of confidentiality

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Definitions:

Set of Data

A collection of numbers or values that are usually related and can be analyzed statistically.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values, indicating how much the values in a data set differ from the mean.

Set of Data

A set of data refers to a collection of data points or values gathered from observations, experiments, or surveys, used for analysis.

Population Standard Deviation

A metric indicating how spread out a dataset is from its average, computed for the whole population.