Question

Which of the following statements is true about interpretations of the AICPA Code of Professional Conduct?

a. Interpretations are not enforceable by the AICPA in a disciplinary matter.
b. Interpretations are strictly enforceable by the AICPA in a disciplinary matter.
c. Interpretations are strictly enforceable by the AICPA and all state boards of accountancy in a disciplinary matter.
d. An AICPA member who departs from an interpretation has the burden of justifying a departure in any disciplinary hearing.

Answer 1

Option d is true. AICPA members must justify any departure from an interpretation in a disciplinary hearing.

Step-by-step explanation:

The true statement about interpretations of the AICPA Code of Professional Conduct is option d. An AICPA member who departs from an interpretation has the burden of justifying a departure in any disciplinary hearing.

Interpretations of the AICPA Code of Professional Conduct are developed by the Professional Ethics Executive Committee (PEEC) and are considered authoritative guidance.

When a member departs from an interpretation, they have the responsibility to explain and justify their departure in any disciplinary proceeding.