AICPA questions with correct answers

4 parts of the AICPA Answer 1. Ethical Principles 2. Rules of Conduct 3. Interpretations 4. Ethical Rulings Ethical Principles Answer Ideal standards of ethical conduct stated in philosophical terms. Not enforceable Ethical Principles Listed Answer Responsibilities, the public interest, integrity, objectivity and independence, due care, scope and nature of services Rules of Conduct Answer Minimum standards of ethical conduct stated as specific rules. Enforcable Interpretations Answer For frequent, recurrent questions about a specific rule of conduct. Not enforceable. Prepared by AICPA Division of Professional Ethics Ethical Rulings Answer Explanations to specific important questions about rules of conduct. Not enforceable. Changes in last decade or so: Answer Solicitation restrictions eliminated Restrictions on offers of employment eliminated Competitive bidding restrictions essentially eliminated Advertising restrictions eliminated Trade names no longer disallowed, unless misleadi