Failure to comply with professional rules of conduct can result in serious penalties for professional accountants, but not the rescinding of the professional designation of an offending member.

Question

Quizplus · Accepted Answer

Failure to comply with professional rules of conduct can indeed result in serious penalties for professional accountants, including the rescinding of the professional designation of an offending member. Professional accounting bodies have the authority to revoke memberships or designations as part of their disciplinary actions.

Failure to Comply with Professional Rules of Conduct Can Result