A CPA Who Is Not a Member of the AICPA

question 22

Multiple Choice

A CPA who is not a member of the AICPA failed to abide by the AICPA's Code of Professional Conduct.The state in which she practices accounting requires all CPAs to abide by "all professional standards." This CPA's license to practice accounting will potentially be:

• A) Suspended
• B) Revoked
• C) Not affected
• D) All of the above

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Definitions:

Direct Costs

Expenses that can be directly attributed to the production of specific goods or services, such as materials and labor.

Fixed Costs

Expenses that do not change with the level of production or sales, such as rent, salaries, and insurance.

Utility

The total satisfaction or value derived from consuming goods or services, often considered in economic decisions and analyses.

Standard Deviation

A statistical measure that quantifies the amount of variation or dispersion of a set of data values.