(TCO 1) The maintaining of a good reputation of the profession is fundamental to the ability of the profession to continue to enjoy its current rights and privileges. The privileges of our profession, as a CPA can be described as all of the following except: (Points : 6)

1 Not substantial, hence of little concern if they are lost. 2 Including autonomy in discipline of its members. 3 Setting of accounting standards. 4 Recognition by the public and government that new competing professional organizations need not be created to serve the public.