Have you ever wondered whether a licensed CPA could lose his or her license to practice for violating the AICPA code of conduct? Each state board of accountancy regulates and controls licensure of professional CPAs. As a licensed CPA, you will need to be familiar with the legal liabilities that apply to accountants within the framework of the AICPA code of conduct. It would be outside the scope of this course to examine all U.S. state laws that govern licensed CPAs. Please review the repercussions to a CPA for violating the code and post your responses to this thread. Do you think they are too strong or not strong enough?