Which of the following statements is true of AICPA's Code of Professional Conduct?

Question

Quizplus · Accepted Answer

AICPA's Code of Professional Conduct is made up of principles and rules. The principles provide a framework for the rules by defining the spirit, reasoning, and meaning of the rules. The principles are not specific and enforceable, whereas the rules are specific and enforceable. The AICPA's Code of Professional Conduct emphasizes a commitment to moral behavior and maintaining the public's trust. Therefore, option D is the correct option. Option A is incorrect as the principles are not specific and enforceable. Option B is partially correct, but it only describes the emphasis of the code, not the difference between principles and rules. Option C is incorrect as the explanation of principles and rules is the exact opposite of what the option states.

Which of the Following Statements Is True of AICPA's Code