Which of the Following Statements Is True of the Standards

question 29

Multiple Choice

Which of the following statements is true of the standards of professional organizations?

• A) NACVA's Professional Standards, which are applicable to its members when providing any taxation services, require compliance with the ten fundamental rules.
• B) AICPA, the world's largest valuation services organization, requires its members to comply with six fundamental principles as per AICPA's Code of Professional Standards.
• C) Seven consulting service standards are contained in Statement on Standards for Consulting Services No. 1, including the four general standards provided by Rule 203 of the ACFE Rules of Professional Conduct.
• D) Six principles are identified in the AICPA Code of Professional Conduct and they call for a commitment to moral behavior and an emphasis on maintaining the public's trust.

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Definitions:

Chronological Age

The actual age of a person measured in years from their date of birth to the current date.

Life Dissatisfaction

A negative personal evaluation of one's life conditions and achievements, often leading to feelings of unhappiness.

Middle Adulthood

A stage of adulthood typically ranging from about age 40 to 65, characterized by increased stability, maturity, and often a focus on family and career.

Younger Selves

Refers to an individual’s persona or state of being at an earlier stage of life.