AICPA PROFESSIONAL ETHICAL
STANDARDS
How58many58"parts"58are58contained58in58the58current58version58of58the58AICPA58Code58
of58Professional58Conduct?58-58answer--358(three)
What58is58the58website58to58access58the58AICPA58Code58of58Professional58Conduct?58-
58answer--http://pub.aicpa.ord/codeofconduct
When58an58AICPA58member58and58his58supervisor58or58any58other58person58within58the
58member's58organization58have58a58difference58of58opinion,58they58should58consult58whi
ch58interpretation58to58determine58what58to58do?58-58answer--
Subordination58of58Judgment58(1.130.020)58&58Subordination58of58Judgment58(2.130.02
0)
A58conflict58of58interest58may58be58created58when58an58AICPA58member58undertakes58a
58professional58service58related58to58a58particular58matter58involving58two58or58more58par
ties58whose58interests58with58respect58to58that58matter58are58in58conflict,58or58when58the5
8interests58of58an58AICPA58member58with58respect58to58a58particular58matter58and58the58
interests58of58a58party58for58whom58the58AICPA58member58undertakes58a58professional5
8service58related58to58that58matter58are58in58conflict.58Which58of58the58following58interpre
tations58explain58what58needs58to58be58done58if58such58situations58exist?58-58answer--
Conflicts58of58Interest58for58Members58in58Business58(2.110.010)
What58is58the58effective58date58of58the58AICPA58Code58of58Professional58Responsibility?
58-58answer--December5815,582014
Examples58of58safeguards58created58by58the58profession,58legislation,58or58regulation58f
or58AICPA58members58in58public58practice58can58be58found58in58which58paragraph58of58t
he58Conceptual58Framework58for58members58in58Public58Practice58[ET581.000.010]?58-
58answer--Paragraph58.21
Which58principle58of58the58AICPA58Code58of58Professional58Responsibility58specifically58
applies58to58all58categories58of58members58(1,582,58and583)?58-58answer--
acts58discreditable
In58the58wake58of58a58corporate58scandal,58HealthWest58Co.58management58is58expandi
ng58the58company's58ethics58program58and58has58decided58to58create58a58new58position
58for58a58Chief58Ethics58Officer.58To58be58most58effective,58the58individual58in58this58posit
STANDARDS
How58many58"parts"58are58contained58in58the58current58version58of58the58AICPA58Code58
of58Professional58Conduct?58-58answer--358(three)
What58is58the58website58to58access58the58AICPA58Code58of58Professional58Conduct?58-
58answer--http://pub.aicpa.ord/codeofconduct
When58an58AICPA58member58and58his58supervisor58or58any58other58person58within58the
58member's58organization58have58a58difference58of58opinion,58they58should58consult58whi
ch58interpretation58to58determine58what58to58do?58-58answer--
Subordination58of58Judgment58(1.130.020)58&58Subordination58of58Judgment58(2.130.02
0)
A58conflict58of58interest58may58be58created58when58an58AICPA58member58undertakes58a
58professional58service58related58to58a58particular58matter58involving58two58or58more58par
ties58whose58interests58with58respect58to58that58matter58are58in58conflict,58or58when58the5
8interests58of58an58AICPA58member58with58respect58to58a58particular58matter58and58the58
interests58of58a58party58for58whom58the58AICPA58member58undertakes58a58professional5
8service58related58to58that58matter58are58in58conflict.58Which58of58the58following58interpre
tations58explain58what58needs58to58be58done58if58such58situations58exist?58-58answer--
Conflicts58of58Interest58for58Members58in58Business58(2.110.010)
What58is58the58effective58date58of58the58AICPA58Code58of58Professional58Responsibility?
58-58answer--December5815,582014
Examples58of58safeguards58created58by58the58profession,58legislation,58or58regulation58f
or58AICPA58members58in58public58practice58can58be58found58in58which58paragraph58of58t
he58Conceptual58Framework58for58members58in58Public58Practice58[ET581.000.010]?58-
58answer--Paragraph58.21
Which58principle58of58the58AICPA58Code58of58Professional58Responsibility58specifically58
applies58to58all58categories58of58members58(1,582,58and583)?58-58answer--
acts58discreditable
In58the58wake58of58a58corporate58scandal,58HealthWest58Co.58management58is58expandi
ng58the58company's58ethics58program58and58has58decided58to58create58a58new58position
58for58a58Chief58Ethics58Officer.58To58be58most58effective,58the58individual58in58this58posit
