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If an AICPA member departs from the interpretations of the rule of conduct, what is the expected result?

a) Suspension of their membership
b) Reprimand by the AICPA
c) Legal action
d) An ethics review and potential disciplinary action

1 Answer

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Final answer:

An AICPA member who departs from rule interpretations can expect an ethics review and potential disciplinary action, ranging from reprimand to suspension or expulsion, depending on the case's specifics.

Step-by-step explanation:

If an AICPA member departs from the interpretations of the rule of conduct, the expected result is typically d) an ethics review and potential disciplinary action.

The AICPA has a Professional Ethics Executive Committee (PEEC) that is responsible for interpreting and enforcing the AICPA Code of Professional Conduct.

If a member is found to have breached the rules or interpretations, the PEEC may impose sanctions such as a reprimand, suspension, or expulsion from membership, depending on the severity and nature of the violation.

The process is designed to ensure that all members adhere to the highest ethical standards in their professional conduct.

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