The AICPA's Code of Professional Conduct:
A) Applies only to accountants who work in public accountant practice as licensed CPAs
B) Potentially applies to all licensed CPAs, whether they work in government, industry, academia, or public practice
C) Provides a comprehensive definition of the accounting standards that collectively comprise GAAP
D) Provides a comprehensive set of the accounting standards that comprise both GAAP and GAAS

Question

Quizplus · Accepted Answer

The AICPA's Code of Professional Conduct potentially applies to all licensed CPAs, whether they work in government, industry, academia, or public practice. The Code outlines ethical and professional standards for all members of the profession. It does not provide a comprehensive definition or set of accounting standards.