The AICPA's Code of Professional Conduct

question 9

Multiple Choice

The AICPA's Code of Professional Conduct:

• A) Applies only to accountants who work in public accountant practice as licensed CPAs
• B) Potentially applies to all licensed CPAs, whether they work in government, industry, academia, or public practice
• C) Provides a comprehensive definition of the accounting standards that collectively comprise GAAP
• D) Provides a comprehensive set of the accounting standards that comprise both GAAP and GAAS

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Definitions:

Motives

Motives are psychological forces that drive an individual to perform actions that are aimed at satisfying needs or achieving certain goals.

Tension Reduction

A psychological process or technique aimed at decreasing stress or anxiety levels in an individual, often through relaxation or problem-solving strategies.

Biological Factors

Components and influences stemming from the biological level, such as genetics, neurochemical imbalances, and brain structure, affecting an individual's health and behavior.

Social Factors

External societal influences that affect an individual's behavior, attitudes, and life chances.