Which of the following statements is true about interpretations of the AICPA Code of Professional Conduct?
Understand the Problem
The question is asking which statement about the interpretations of the AICPA Code of Professional Conduct is true. This involves understanding the enforceability and implications of the interpretations by AICPA in disciplinary matters.
Answer
An AICPA member who departs from an interpretation must justify it in disciplinary hearings.
The true statement is that an AICPA member who departs from an interpretation has the burden of justifying a departure in any disciplinary hearing.
Answer for screen readers
The true statement is that an AICPA member who departs from an interpretation has the burden of justifying a departure in any disciplinary hearing.
More Information
Interpretations of the AICPA Code of Professional Conduct guide members in applying the rules, and deviating from them requires explanation.
Tips
A common mistake is assuming that interpretations themselves are not crucial; however, they must be justified if not followed.
Sources
- Burden of departure justification - Brainly - brainly.com
- AICPA Code Interpretations - Chegg - chegg.com
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