Which rule of professional conduct in the AICPA Code does not apply both to internal and external accountants who are CPAs and members of the Institute?
A) Independence
B) Integrity
C) Objectivity
D) Due care

Question

Quizplus · Accepted Answer

Independence is a rule of professional conduct that applies only to external accountants who are CPAs and members of the Institute, as they must be independent in fact and appearance when providing audit and attestation services to their clients. Internal accountants who are CPAs and members of the Institute are not required to be independent in fact or appearance. Instead, they must demonstrate objectivity in carrying out their responsibilities within their organizations. The other three options (integrity, objectivity, and due care) are rules of professional conduct that apply to all accountants who are CPAs and members of the Institute, regardless of whether they are internal or external.

Which Rule of Professional Conduct in the AICPA Code Does