28.03.2023 - 01:34

The AICPA Ethics Codification includes the following sections: A. Preface, rules, and interpretations applicable to members in tax practice and rules and interpretations applicable to members in business. B. Preface, rules, and interpretations applicable

The AICPA Ethics Codification includes the following sections:

A. Preface, rules, and interpretations applicable to members in tax practice and rules and interpretations applicable to members in business.

B. Preface, rules, and interpretations applicable to members in public practice and rules and interpretations applicable to members in business.

C. Preface, rules, and interpretations applicable to members in tax practice and rules and interpretations applicable to members in audit practice.

D. Preface, rules, and interpretations applicable to members in audit practice and rules and interpretations applicable to members in business.

Answers (1)
  • DjKolyaYan
    April 4, 2023 в 00:21

    The AICPA Ethics Codification includes four sections that contain rules and interpretations applicable to different types of members in the accounting profession. The correct answer is option D, which includes the preface, rules, and interpretations applicable to members in audit practice and rules and interpretations applicable to members in business.

    This section is relevant to members who are engaged in audit practice and who may encounter ethical issues specific to this area, such as independence and objectivity. It also covers ethical considerations that apply to members working in a business environment. The AICPA Ethics Codification is a comprehensive guide that provides guidance to accountants on how to act ethically in their professional lives. The AICPA stands for the American Institute of Certified Public Accountants, a professional organization for accountants in the United States. The Ethics Codification is one of the most important publications of the AICPA, and it is regularly updated to reflect changes in the accounting profession and in the broader business environment.

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