Question

Violating an AICPA or IRS rule may result in which consequence? a. Suspension of AICPA membership or the ability to practice before the IRS. b. Imposition of a monetary penalty by the IRS. c. Publication of an admonishment by the American Institute of Certified Public Accountants. d. All of the above.

Answer 1

Answer:

D. All of the above

Explanation:

The American institute of certified public accountants (AICPA) is a body that in which all certified accountants bin the untied state belong to. It has a body of rules that every of it's members must abide by and also strictly run with. Violations of these laws attracts penalty and this penalty is determined by how severe the violation is.

Mild violations might just involve penalties such as of publication of admonishment by AICPA while severe violations attracts penalties such as suspension and imposing on monetary penalty by IRS.