Read the overview below and complete the activities that follow.

CPAs are required to abide by professional standards as outlined in the AICPA Code of Professional Conduct and related guidance. It is important for CPAs to understand the structure of the professional guidance so that they can find the information needed to determine an appropriate course of action when dilemmas arise.

CONCEPT REVIEW:

The Code of Professional Conduct is structured in two major sections called Principles and Rules. Principles outline the profession's responsibilities to the public, clients, and fellow practitioners. Rules are enforceable applications of the Principles. Additional guidance that further explains the scope and application of the Rules is included in Interpretations and Ethics Rulings.

Options to choose from:

1. Acts Discreditable, Confidential Client info, contingent fees, due care, general standards

2.Acts Discreditable, Confidential Client info, contingent fees, scope and nature of services, solicitation

3. .Acts Discreditable, due care, scope and nature of services, the public interest

4. due care, general standards, responsibilities, scope and nature of services, the public interest.

5. acts discreditable, due care, responsibilities, scope and nature of services, the public interest

6. acts discreditable, confidential client info, contingent fees, due care, general standards

7. acts discreditable, confidential client info, contingent fees, scope and nature of services, solicitation

8.acts discreditable, confidential client info, contingent fees, independence, solicitation

9. due care, objectivity, responsibilities, scope and nature of services, public interest

Part 2 - Concept Check 1. Which of the following would be considered a Principle of the Code of Professional Conduct? 2. Which of the following would be considered a Principle of the Code of Professional Conduct? Which of the following would not be considered a Principle of the Code of Professional 3. Conduct? Which of the following would not be considered a Principle of the Code of Professional 4. Conduct? 5. Which of the following would be considered a Rule of the Code of Professional Conduct? 6. Which of the following would not be considered a Rule of the Code of Professional Conduct? 7. Which of the following would not be considered a Rule of the Code of Professional Conduct? 8. Which of the following appears as both a Principle and a Rule? 9. Which of the following appears as both a Principle and a Rule