The conceptual framework in the AICPA Code establishes a:
A) Threats and safeguards approach to assess whether ethics rules have been violated
B) Rules to assess independence violations apart from those affecting other services
C) New rule on when to follow the Dodd-Frank whistle-blower's act
D) Legal liability of auditors

Question

Quizplus · Accepted Answer

The conceptual framework in the AICPA Code establishes a threats and safeguards approach to assess whether ethics rules have been violated. This approach helps auditors identify threats to their objectivity and independence and implement appropriate safeguards to mitigate those threats.

The Conceptual Framework in the AICPA Code Establishes A