According to the AICPA Code of Professional Conduct, omitting material information on a financial disclosure is just as unethical as actively misleading investors with false information on a financial disclosure.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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According to the AICPA Code of Professional Conduct, omitting material information on a financial disclosure is just as unethical as actively misleading investors with false information on a financial disclosure.  

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True

False

 

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According to the AICPA Code of Professional Conduct, omitting material information on a financial disclosure is just as unethical as actively misleading investors with false information on a financial disclosure. Professional accountants are required to provide complete, accurate, and reliable information to their clients or employers, and failure to do so could result in disciplinary action. The AICPA's Principles of Professional Conduct require members to maintain objectivity, integrity, and professional behavior in all their activities.

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