Which of the Following Is Not an Aspect of Rule

question 68

Multiple Choice

Which of the following is not an aspect of Rule 201 of the General Standards of the Code of Professional Conduct?

• A)A member must not take on an engagement that is beyond the member's professional competence.
• B)A member must exercise duties prudently and professionally.
• C)A member must adequately plan and supervise the performance of professional services.
• D)A member firm must not advertise services to competing clients.

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Definitions:

Interested Users

Individuals or entities with a vested interest in the financial and operational performance of a company, such as shareholders, creditors, and regulatory agencies.

Accounting Information

Data related to the financial transactions and status of an entity that is used by stakeholders to make economic decisions.

Obligations

Any financial burden or requirement that a person or organization is legally responsible for, such as repaying debt or performing certain actions.

Creditors

Entities or individuals to whom money is owed by a debtor because they have provided goods, services, or loans.