As a general rule, professional employees in a CPA firm who are not covered members and their immediate family members cannot ______.

Question

Quizplus · Accepted Answer

This is a violation of independence rules under the AICPA's Code of Professional Conduct. Non-covered members and their immediate family members are not allowed to serve as a trustee, director, or officer of an attest client or the client's pension or profit-sharing trust. The other options describe limitations on direct and indirect investments or non-key positions, but do not specifically address trustee, director, or officer roles.

As a General Rule, Professional Employees in a CPA Firm