A1 Professional Standards

Question 1

AICPA code of conduct

Answer 1

Foundation of ethical behavior comprised of principles, rules, & interpretations that guide CPA’s in the conduct of their professional responsibilities

Question 2

Principles

Answer 2

They are ideal standards of ethical conduct stated in philosophical terms. There are 6: responsibilities, public interest, integrity, objectivity & independence, due care, & scope and nature of services

Question 2

Conceptual Framework

Answer 2

Component of AICPA code of professional conduct that helps identify evaluate and respond to threats to compliance