Question

Which statement best describes the AICPA ethics rules relating to a member's failure to file his or her personal tax return in a timely manner?
The member is strongly encouraged to file his or her personal tax returns in a timely manner.
The failure to file a personal tax return in a timely manner must be disclosed to all clients and potential clients.
The failure to file a personal tax return in a timely manner is usually considered an act discreditable to the profession.
The member is not in violation of any ethics rules as long as the failure to file a personal tax return in a timely manner was due to a heavy workload.
Which statement best describes the AICPA ethics rules relating to advertising?

Advertising using banner ads over the Internet is considered over-reaching and is prohibited.
Mass e-mail advertising is not allowed because it is considered a form of harassment.
Advertising is permitted as long as it is not false or misleading.
Advertising over any form of mass media is prohibited.

Answer 1

Answer:

1. The failure to file a personal tax return in a timely manner is usually considered an act discreditable to the profession.

2. Advertising is permitted as long as it is not false or misleading.

Explanation:

It is considered one of the ethics of the AICPA for its members to always file their personal tax return timely. In a case where this is not done, it is considered a discreditable act to their profession. Furthermore, according to the AICPA, as long as what is being advertised portrays true intentions of the organization and does not mislead people, advertising is permitted.