Professional Responsibilities and Ethics Flashcards
0
Q
Rule 102
A
Integrity and Objectivity
1
Q
Rule 101
A
Independence
2
Q
Rule 201
A
General Standards
3
Q
Rule 202
A
Compliance with Standards
4
Q
Rule 203
A
Accounting Principles
5
Q
Rule 301
A
Confidentiality
6
Q
Rule 302
A
Contingent Fees
7
Q
Rule 501
A
Acts Discreditable to the Profession
8
Q
Rule 502
A
Advertising and other forms of Solicitation
9
Q
Rule 503
A
Commissions and Referral Fees
10
Q
Rule 505
A
Form of practice and name
11
Q
Must be independent for what types of engagements?
A
ERAS or CARES Compilations (if not disclosed) Agreed-upon procedures Reviews Examinations (AUDITS) Special Reports
12
Q
Need not be independent for what types of engagements?
A
Taxes
Consultations
Compilations (when disclosed)
13
Q
Grandfathered loans
A
Loans obtained before the inception of the relationship requiring independence as long as they were obtained under normal lending practices, remain current on payments, and is not modified from original loan agreement
