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universalcpareview.com
What are the six principles of the AICPA code of professional conduct? - Universal CPA Review
AICPA outlined the professional code of conduct to guide members in the performance of their professional responsibilities and express the basic tenets of ethical and professional conduct. The principles of the professional conduct include responsibility, public interest, integrity, objectivity and independence, due care, and scope & nature of ...
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Jan 4, 2021
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Which statement best describes a requirement in the AICPA Code of Professional Conduct that applies when you receive a commission or a referral fee for referring a client to another service provider?a. You must monitor the delivery of that other service to the client.b. You must mention the fee arrangement to your firm's liability carrier.c. You must provide your client a written disclosure about the fee.d. You must tell the client verbally that you will be receiving a fee.
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Which is a difference between theAICPA Code of ProfessionalConduct (the AICPA code) and theInternational Code of Ethics forProfessional Accountants,including InternationalIndependence Standards,(international code)?The AICPA code uses aconceptual frameworkapproach throughout its code.The AICPA code bans auditorsfrom offering of gifts andentertainment to clients.The international code mayprovide different rules forpublic interest entities.The international codeemphasizes detailed ethicsrules over
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