Final Answer:
The AICPA Code of Professional Conduct includes both the underlying basic principles and the official pronouncements issued. Option A is correct.
Step-by-step explanation:
The AICPA Code of Professional Conduct stands as a comprehensive framework guiding the ethical behavior and standards for accounting professionals. It encompasses fundamental principles, such as integrity, objectivity, and professional competence, serving as the ethical cornerstone for CPAs. Additionally, it incorporates official pronouncements, including rules and interpretations, providing specific guidance on various professional responsibilities.
Within this code, CPAs find guidance on issues like independence, due care, confidentiality, and professional behavior. It's designed not only to ensure the integrity and credibility of accounting professionals but also to safeguard public trust in financial reporting and auditing. This code serves as a moral compass, navigating the complex ethical terrain that accountants often face in their professional endeavors.
Correct answer: A) AICPA Code of Professional Conduct.