24. AICPA Code of Professional Conduct requires that all accountants comply with the

professional standards that apply to the services being performed.

A. True

B. False

25. An auditor, who is a CPA, has a savings account, which is fully insured by a federal

agency, at a client financial institution. The auditor would still be considered

independent in auditing the financial statements of the client.

A. True

B. False