The AICPA Code of Professional Conduct Has Established for Professional

question 35

Multiple Choice

The AICPA Code of Professional Conduct has established for professional accountants:

• A) A duty of confidentiality only if this duty has been adopted or ratified by a particular state's accountancy licensing board
• B) A duty of confidentiality , but not an accountant-client privilege
• C) An accountant-client privilege, but not a duty of confidentiality
• D) Both a duty of confidentiality and an accountant-client privilege

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Definitions:

Stock Exchange

A marketplace where securities, such as stocks and bonds, are bought and sold.

Industrialization

The development of industries in a country or region on a wide scale, transforming economies from agrarian to industrial.

Westward Expansion

The 19th-century movement of settlers into the American West, encouraged by ideas like Manifest Destiny, leading to the growth of new territories and states.

Thomas Edison

An American inventor and businessman who developed many devices that greatly influenced life around the world, including the phonograph and the electric light bulb.