Rule 202 of the AICPA Code of Professional Conduct- Requires

question 26

Multiple Choice

Rule 202 of the AICPA Code of Professional Conduct- requires the accountant to follow the accounting standards.Rule 202

• A)gives the accounting standards clear guidelines for members to follow
• B)gives the accounting standards the force of law for the profession
• C)gives the accounting standards a measurement for due professional care
• D)gives the accounting standards an exception if the financial statements are not in accordance with GAAP

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Definitions:

Fuel-Efficiency Campaign

An initiative or program aimed at promoting practices or technologies that reduce the amount of fuel consumed by vehicles, thereby conserving energy and lowering emissions.

Overdrive Gears

A gear mechanism in vehicles that allows the engine to operate at a lower RPM than the transmission for improved fuel efficiency and reduced wear.

SWOT Analysis

A method of evaluating a proposed action that examines both internal factors (Strengths, Weaknesses) and external factors (Opportunities, Threats).

Ascent

Ascent refers to an upward movement or journey, often relating to physical elevation like climbing a mountain or career progression in a metaphorical sense.