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:

Ethnocentrism

The conviction that one's own cultural or ethnic group is superior to others, frequently paired with a broad contempt for different cultures.

Informal Channels

Communication paths that are not officially sanctioned by the organization, often based on personal relationships rather than organizational structure.

Overdue

Pertaining to a payment, obligation, or duty that has not been fulfilled by its due date.

Due Date

The specified day by which a task needs to be completed or a payment needs to be made.