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Q1. Discuss the key functions of the American Institute of CPAs (AICPA). Has the establishment of PCAOB change any of the key functions if AICPA? Elaborate.

Q2. Distinguish between ‘Principles' and ‘Rules of Conduct' as described in the AICPA Code of Professional Conduct and discuss their applicability to Certified Public Accountants.

Your homework submission (all questions combined) should be 2 to 3 pages in length (double spaced, Times New Roman 12 or Arial 10 Font).

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