AICPA Code of Professional Conduct: The 6 principles
15:49
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AICPA Code of Professional Conduct: The 6 principles
In this video, I discuss the 6 principles of the AICPA code of professional conduct. ️Accounting students and CPA Exam candidates, check my website for additional resources: https://farhatlectures.com/ Introduction: Importance of Professional Conduct (0:00) Bodies Setting Auditing Standards (AICPA & PCAOB) (0:26) Structure of the AICPA Code ...
8K viewsAug 15, 2023
AICPA Code of Professional Conduct AICPA Code Explained
Which statement best describes a requirement in the AICPA Code of Professional Conduct that applies when you receive a commission or a referral fee for referring a client to another service provider?a. You must monitor the delivery of that other service to the client.b. You must mention the fee arrangement to your firm's liability carrier.c. You must provide your client a written disclosure about the fee.d. You must tell the client verbally that you will be receiving a fee.
Which statement best describes a requirement in the AICPA Code of Professional Conduct that applies when you receive a commission or a referral fee for referring a client to another service provider?a. You must monitor the delivery of that other service to the client.b. You must mention the fee arrangement to your firm's liability carrier.c. You must provide your client a written disclosure about the fee.d. You must tell the client verbally that you will be receiving a fee.
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