The Code of Professional Conduct of the American Institute of Certified Public Accountants describes Principles and Rules. The principles provide the framework for the rules which govern the performance of professional services by members. It outlines CPAA’s ethical and professional responsibilities. The code establishes Principles which are: Public Interest, Integrity, Objectivity, Independence, Responsibility and Due care. Independence is judged in two ways: state of mind and appearance. Independence is required in case of attest engagements with attest clients. To select: The correct option.

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Chapter 19, Problem 19.18MCQ

To determine

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The Code of Professional Conduct of the American Institute of Certified Public Accountants describes Principles and Rules. The principles provide the framework for the rules which govern the performance of professional services by members. It outlines CPAA’s ethical and professional responsibilities. The code establishes Principles which are: Public Interest, Integrity, Objectivity, Independence, Responsibility and Due care.

Independence is judged in two ways: state of mind and appearance.

Independence is required in case of attest engagements with attest clients.

To select: The correct option.

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