Paulette Martin, CPA, has been approached by a staff assistant regarding the applicability of the AICPA Rules of Conduct to unaudited financial statements. The assistant notes that Rule 202, "Compliance with Standards," does not permit an AICPA member's name to be associated with financial statements in a manner that would imply the member is acting as an independent public accountant unless he or she has complied with the applicable standards. The assistant then asks: "Since generally accepted auditing standards appear to relate to audited and not to unaudited financial statements, does Rule 202 effectively prohibit an AICPA member from being associated with unaudited financial statements?"

Required: 

Is the assistant's interpretation of Rule 202 correct? Explain.