Question

Which of the following is most likely to be a violation of the AICPA rules of conduct by Bill Jones, a sole practitioner with no other employees?

a) Using client funds for personal expenses
b) Providing professional services with competence and due professional care
c) Ensuring client confidentiality
d) Collaborating with other professionals to serve the client's needs

Answer 1

Using client funds for personal expenses is most likely to be a violation of the AICPA rules of conduct by a sole practitioner like Bill Jones.

Step-by-step explanation:

The question asks which of the following actions would most likely be a violation of the AICPA rules of conduct by Bill Jones, who is a sole practitioner. The possible actions include using client funds for personal expenses, providing professional services with competence and due professional care, ensuring client confidentiality, and collaborating with other professionals to serve the client's needs.

Using client funds for personal expenses is the most likely to be a violation of the AICPA rules of conduct. The American Institute of Certified Public Accountants (AICPA) has a strict code of professional conduct, and misusing client funds is a clear breach of these ethical standards.

Providing professional services with competence and due professional care, ensuring client confidentiality, and collaborating with other professionals are all behaviors that align with the AICPA rules, thus they would not be considered violations.