Final answer:
CPAs must follow a code of conduct, which, if breached, can result in disciplinary action including fines or loss of licensure.
Step-by-step explanation:
Indeed, all CPAs (Certified Public Accountants) must adhere to the code of conduct as mandated by their state's board of accountancy, which is grounded in the American Institute of CPAs (AICPA) Professional Code of Conduct. Similar to other professions, such as nursing, teaching, or engineering (like the IEEE-CS for computer science and engineering professionals), CPAs are required to follow these ethical guidelines as part of their professional obligations.
Failure to comply with these professional standards can lead to potential disciplinary action, which may include fines, suspension, or revocation of licensure.