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Explain why documentation is critical to audit research. Then, complete the following sentence: Prepare your auditing documentation with the expectation that fessional, your career umerous professional nal guidance are the er a variety of topics, EXERCISES standards applicable should consider both Code of Conduct Exercises uditors should apply s are also subject to Instructions: Answer the following in complete sentences using the AICPA's revised Code of Conduct, pro- viding the ET references for each of your responses. For questions with multiple parts, include multiple ET may be your best references as appropriate. k areas, and should 1. According to Appendix A of the Code, which body has the AICPA designated as having the authority to set performed. accounting standards under the Accounting Principles Rule (in ET 1.320 and 2.320 of the Code)? Include rel- evant excerpts from Appendix A to support your response. 2. Scan Part 3 of the Code. To whom is this section applicable, and what is the primary focus of this section? 3. List three examples of individuals who are considered "covered members" in the Code's definitions section. 4. Should a member in business allow pressure from others to result in a breach of the Integrity and Objectivity rule? 5. What are the two broad categories of safeguards identified in Part 2 of the Code, in the Conceptual Framework for members in business? public 6. Provide the Code reference to the rule that governs "acts discreditable" for "members in public practice." 7. Alex, a retired CPA, neglected to file his tax return this year. What does the Code say about this? 8. Using the definitions section of the Code, locate an example of confidential client information. would you expect 9. Jenny is a volunteer Board member for the animal shelter. Which part of the Code should she apply in perform- ing these volunteer duties ? Auditing Standards (and Related Topics) Exercises 10. Consider AICPA guidance. What are three risk assessment procedures an auditor should undertake in order to audit