The AICPA's Code of Professional Conduct consists of two parts,Principles and Rules.
a.Describe the purpose of each of the two parts.
b.Describe the disciplinary action that may be taken against a member who violates the Code.
c.Must the Rules be followed by members of the AICPA that are not in public practice?
Explain your answer.
a.Principles-goal-oriented,positively stated discussion of the profession's responsibilities to the public,clients,and fellow practitioners.Rules--enforceable applications of the principles.
b.For violations of the Code a member may be required to take remedial action,such as attending continuing education programs.For more serious violations,the member may be censured,suspended,or expelled.
c.The Rules apply to all members of the AICPA,unless the wording of the rule indicates otherwise.

Question

The AICPA's Code of Professional Conduct consists of two parts,Principles and Rules.
a.Describe the purpose of each of the two parts.
b.Describe the disciplinary action that may be taken against a member who violates the Code.
c.Must the Rules be followed by members of the AICPA that are not in public practice?
 Explain your answer.
a.Principles-goal-oriented,positively stated discussion of the profession's responsibilities to the public,clients,and fellow practitioners.Rules--enforceable applications of the principles.
b.For violations of the Code a member may be required to take remedial action,such as attending continuing education programs.For more serious violations,the member may be censured,suspended,or expelled.
c.The Rules apply to all members of the AICPA,unless the wording of the rule indicates otherwise.

Quizplus · Accepted Answer

The Answer of The AICPA's Code of Professional Conduct consists of two parts,Principles and Rules.
a.Describe the purpose of each of the two parts.
b.Describe the disciplinary action that may be taken against a member who violates the Code.
c.Must the Rules be followed by members of the AICPA that are not in public practice?
 Explain your answer.
a.Principles-goal-oriented,positively stated discussion of the profession's responsibilities to the public,clients,and fellow practitioners.Rules--enforceable applications of the principles.
b.For violations of the Code a member may be required to take remedial action,such as attending continuing education programs.For more serious violations,the member may be censured,suspended,or expelled.
c.The Rules apply to all members of the AICPA,unless the wording of the rule indicates otherwise.

The AICPA's Code of Professional Conduct Consists of Two Parts,Principles