Question : 11) Which of the following statements best defines the principle : 1222541

11) Which of the following statements best defines the principle of integrity as per AICPA’s Code of Professional Conduct ET Sec. 54, Article III?

A) It requires a member to be honest and candid within the constraints of client confidentiality.

B) It urges the members to adequately plan and supervise the performance of professional services.

C) It precludes relationships that may appear to impair a member’s objectivity in rendering various professional services.

D) It induces members to disclose any confidential client information without the specific consent of the client.

12) As per AICPA’s Code of Professional Conduct, ________ imposes the responsibility to render services promptly and carefully, to be thorough, and to observe applicable technical and ethical standards.

A) integrity

B) independence

C) diligence

D) objectivity

13) Which of the following is a rule of AICPA’s Code of Professional Conduct?

A) discharging responsibilities with integrity, objectivity, due professional care, and a genuine interest in serving the public

B) be independent in the performance of professional services

C) cooperating with other professional members to improve the art of accounting, maintaining the public’s confidence

D) carrying out the profession’s special responsibilities for self-governance

14) As per AICPA’s Code of Professional Conduct, the principle of ________ imposes the obligation to be impartial, intellectually honest, and free of conflicts of interest.

A) public trust

B) independence

C) diligence

D) objectivity

15) As per AICPA’s Code of Professional Conduct, ET Sec. 56, Article V, which of the following statements is true of the principle of due care?

A) It requires a member to be honest and candid within the constraints of client confidentiality.

B) It imposes the obligation to be impartial, intellectually honest, and free of conflicts of interest.

C) It requires a member to discharge professional responsibilities with competence and diligence.

D) It precludes relationships that may appear to impair a member’s objectivity in rendering various professional services.

16) Which of the following statements is true of AICPA’s Code of Professional Conduct?

A) The principles of AICPA’s Code of Professional Conduct are specific and enforceable.

B) The rules of the AICPA’s Code of Professional Conduct call for a commitment to moral behavior and an emphasis on maintaining the public’s trust.

C) A principle is an authoritative regulatory force for behavioral action and a rule is a value-based internal force for behavioral action.

D) Principles provide a framework for rules by defining the spirit, reasoning, and meaning of the rules.

17) As per AICPA’s Code of Professional Conduct, the rules of ________ urge members to not knowingly misrepresent facts or subordinate their judgment to others.

A) general standards

B) integrity and objectivity

C) accounting principles

D) independence and compliance

18) Which of the following statements best defines the rule of compliance as per AICPA’s Code of Professional Conduct, ET Sec. 200, Rule 202?

A) It requires a member to be honest and candid within the constraints of client confidentiality.

B) It urges the members to adhere the standards promulgated by various professional bodies designated by Council.

C) It precludes relationships that may appear to impair a member’s objectivity in rendering various professional services.

D) It induces members to disclose any confidential client information without the specific consent of the client.

19) Which of the following statements is true of the rule of accounting principles in the AICPA’s Code of Professional Conduct, ET Sec. 200, Rule 203?

A) A member shall express an opinion or state affirmatively that the financial statements of an entity are presented in conformity with GAAP.

B) A member shall state that he or she is not aware of any material modifications that should be made to financial statements if they contain any departure from accounting principles that has a material effect.

C) A member shall not state that he or she is aware of any material modifications that should be made to financial statements if they contain any departure from accounting principles that has a material effect.

D) A member shall not express an opinion or state affirmatively that the financial statements of an entity are presented in conformity with GAAP.

20) Which of the following are the four general standards a member has to comply as per AICPA Rules of Professional Conduct, Rule 201?

A) professional competence, due professional care, planning and supervision, and integrity and objectivity

B) professional competence, due professional care, public trust, and sufficient relevant data

C) professional competence, due professional care, planning and supervision, and sufficient relevant data

D) independence, sufficient relevant data, due professional care, and integrity and objectivity