1. Which of the following statements is not correct?

A In performing professional services, CPAs must maintain their objectivity, which means they should be free of conflicts of interest and not knowingly misrepresent facts or si

B A tax practitioner may resolve doubt in favor of his or her client as long as a tax position taken complies with applicable standards, such as those set forth in Circular 230 iss

C The principle of objectivity imposes the obligation to be impartial, intellectually honest, and free of conflicts of interest.

D Because CPAs serve multiple interests in many different capacities, they do not have to demonstrate and maintain their objectivity and avoid any subordination of their judgr

1. Which of the following statements is correct?

A. Due care is usually thought of in the context of a CPA having adequate technical knowledge to perform engagements in a professional manner and being diligent in

B. Due care also requires a CPA to observe the accounting and legal professions' ethical standards and strive to continually improve the application of those standard

C. Due care imposes upon a CPA the obligation to place the interests of the client above those of the profession's responsibility to the public at large.

D. Maintaining and enhancing competence requires a life-long commitment to learning and professional development and is just the CPA's firm's responsibility.

1. Which of the following statements is correct?

A The Professional Ethics Executive Committee (PEC) of the AICPA uses a one-size-fits all approach to analyzing independence matters when it develops independence

B Professional standards do not require independence for all attest engagements.

C. Risk relative to relationships is acceptable if it would compromise the accountant's professional judgment when rendering an attest service to the client, as long as man

D Under the risk-based approach to analyzing independence matters, steps are taken to prevent circumstances that threaten independence from compromising the profes

1. Which of the following statements is correct?

A. Threats to independence exist for public entity attest clients but not for non-public attest clients.

B The five broad categories of threats that should always be evaluated when threats to independence are being identified and assessed are: self-review threat, non-payment of fees threat; u

C To be effective, safeguards need to eliminate a threat altogether.

D The three broad categories of safeguards are: safeguards created by the profession, legislation, or regulation; safeguards implemented by the attest client; and safeguards implemented by the firm.