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dsp73
3 years ago
13

Which rule of professional conduct in the AICPA code does not apply both to internal and external accountants who are CPAs and m

embers of the Institute?
A. IndependenceB. IntegrityC. ObjectivityD. Due care
Business
2 answers:
Ganezh [65]3 years ago
8 0

Answer:

Independence

Explanation:

AICPA actually groups two rules together- Objectivity and Independence.

While it is very possible for both internal and external accountants to be Objective (impartiality and intellectually honest). Only an external accountant can be truly independent especially when p<u>roviding auditing and other attestation services.</u> These services are primarily performed to obtain an independent report or view of the financial state of an organisation.

Actually, it is clearly stated in the AICPA code of professional conduct that members or accountants not in public practice (internal accountants) cannot maintain an appearance of independence.

Every organisation's internal accountant is primarily responsible to the Board of Directors and Management of such an organisation.

Solnce55 [7]3 years ago
7 0

Answer:

A) Independence

Explanation:

The American Institute of Certified Public Accountants (AICPA) has strict rules regarding the professional conduct of its affiliates. External auditors should always be independent from the firm that they are auditing, while internal auditors work for the firm that they are auditing.

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3 years ago
If a man originally paid ​$4000 in property​ taxes, what will his new tax payment be if he saves 8​% this​ year?
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