Final answer:
Part 2 of the AICPA Code of Professional Conduct applies to CPAs in business roles. It provides ethical guidelines for their conduct to ensure integrity and objectivity in their work, particularly in financial reporting.
Step-by-step explanation:
Part 2 of the AICPA Code of Professional Conduct applies to professional accountants in business. This part of the AICPA Code provides ethical guidance and rules for CPAs who occupy roles such as employees, officers, or directors in organizations such as corporations, governmental entities, not-for-profits, and others. These CPAs must ensure that their actions and the financial information they handle are in accordance with the principles of integrity, objectivity, due diligence, and are in overall compliance with applicable rules and laws.
Part 2 addresses topics such as conflicts of interest, ethical responsibilities to the employer, and the preparation of accurate financial reports. It is important for these CPAs to navigate the complexities of their roles while maintaining professional conduct as prescribed by the AICPA. By doing so, they not only adhere to the standards of their profession but also contribute to the trustworthiness and reliability of financial information in the business sphere.