Certified public accountants have imposed on themselves a rigorous code of professional conduct.

Required:

a. Discuss the reasons for the accounting profession's adopting a code of professional conduct.

b.One rule of professional ethics adopted by CPAs is that a CPA cannot be an officer, director, stockholder, representative, or agent of any cor¬ poration engaged in the practice of public accounting, except for the professional corporation form expressly permitted by the AICPA. List the arguments supporting the rule that a CPA's firm cannot be a corporation.