Question

The AICPA’s principles of professional conduct articulate auditors’ responsibilities and their requirements to act in the public interest, to act with integrity and objectivity, to be objective and independent, to exercise due care, and to perform an appropriate scope of services.A. TrueB. False

Answer 1

The statement describing AICPA’s principles of professional conduct is a TRUE statement.

Explanation:

• The American Institute of Certified Public Accountants has a draft of principles of professional conduct in place which specifies what activities should the CPA should be involved in and what should be his approach towards the profession as a CPA.
• The principles are based on ethical behavior and exhibit moral superiority in terms of the elements included in the draft.