Which Principle of the AICPA Code of Professional Conduct Is

question 48

Multiple Choice

Which Principle of the AICPA Code of Professional Conduct is: Members should perform all of their professional responsibilities with the highest sense of integrity possible. This ensures trust and public confidence in the profession?

• A) Scope and Nature of Services
• B) Due Care
• C) Integrity
• D) Objectivity and Independence

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Definitions:

Zoning

Regulations governing the use of land and structures within certain areas to control and direct urban growth and land use.

Lien Theory

A legal theory under which real estate acts as security for the repayment of a debt, with the lender holding an interest in the property until the mortgage is paid in full.

Title Theory

A legal concept in real estate that posits that the mortgage lender holds the title to the property until the mortgage is fully paid off.

Mortgagor

The borrower in a mortgage loan agreement, who pledges property to the lender as security for the loan.