Professional Documents
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Short Quiz 9
Short Quiz 9
Conduct. Also discuss which parts are officially enforceable and which are not.
Discuss the ways the accounting profession and society encourage CPAs to conduct
themselves in a professional manner; i.e., the factors that influence the ethical conduct
of audit practitioners.
Explain why there is a special need for ethical conduct in the auditing profession.
In which of the following instances would the independence of the CPA most likely not
be considered to be impaired? The CPA has been retained as the auditor of a:
a. charitable organization in which an employee of the CPA serves as treasurer.
b. municipality in which the CPA owns $250,000 of the $2,500,000 indebtedness of
the municipality.
c. cooperative apartment house in which the CPA owns an apartment and is not part
of the management.
d. company in which the CPA’s investment club owns a one-tenth interest.
Rule 201 - General Standards requires members to comply with certain standards and
interpretations. Which of the following is not a standard specifically addressed in Rule
201?
a. Professional integrity.
b. Due professional care.
c. Planning and supervision.
d. Sufficient relevant data.