Question

The _______ requires a member to be honest and candid within the constraints of client confidentiality.

A)AICPA Code of Professional Conduct
B)Generally Accepted Auditing Standards (GAAS)
C)International Standards on Auditing (ISA)
D)Sarbanes-Oxley Act

Answer 1

The AICPA Code of Professional Conduct requires members to be honest and maintain client confidentiality, which distinguishes it from the Sarbanes-Oxley Act, GAAS, and ISA that focus on other aspects of accounting and auditing standards.

Step-by-step explanation:

The requirement for a member to be honest and candid within the constraints of client confidentiality is specified in the AICPA Code of Professional Conduct. This code provides guidelines for accountants in terms of ethical behavior and professional responsibility.

Not to be confused with the Sarbanes-Oxley Act, which was implemented to protect investors from accounting fraud following major accounting scandals, or the Generally Accepted Auditing Standards (GAAS) and International Standards on Auditing (ISA), which define the auditing standards practitioners should follow during engagements, the AICPA's code specifically focuses on the ethical conducts of its members.