The Code of Ethics of the AICPA Calls for a Member

question 51

True/False

The Code of Ethics of the AICPA calls for a member in public practice to be independent in fact and appearance when providing auditing services.

---

Definitions:

Serviced

Serviced refers to the process of maintaining, supporting, or providing necessary work to ensure a product, system, or facility operates correctly.

Carwash

A facility or business where vehicles are cleaned, often both externally and internally, using various cleaning methods and equipment.

Mutual Benefit Bailment

An arrangement where both the bailor and bailee receive some benefit from the bailment, such as a loaned item or use of property.

Bailment

The act of temporarily transferring possession but not ownership of personal property to another person under a contract.