What is meant by the Code of Professional Conduct's definition of "holding out"?
A) Informing a client about one's status as a CPA.
B) Withholding an audit report until the fee is paid.
C) Not sharing audit documentation with a successor auditor.
D) Not suggesting that management make an adjusting entry that is deemed immaterial.

Question

Quizplus · Accepted Answer

"Holding out" refers to portraying oneself as a CPA or implying that one holds a CPA credential when in fact they do not. Informing a client about one's status as a CPA falls under this definition.

What Is Meant by the Code of Professional Conduct's Definition