Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Accounting Basics Expert

Which of the following statements best describes why the profession of certified public accountants has deemed it essential to promulgate a code of conduct and to establish a mechanism for enforcing observance of the code?

A. Ethical standards are established so that users of accounting services know what to expect, the professionals know what behaviors are acceptable, and overseers can take disciplinary action when appropriate.

B. A prerequisite to success is the establishment of an ethical code that stresses primarily the professional's responsibility to clients and colleagues.

C. A requirement of most state laws calls for the profession to establish a code of conduct.

D. An essential means of self-protection for the profession is the establishment of flexible ethical standards by the profession.

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M942682

Have any Question? 


Related Questions in Accounting Basics

Explain the purpose of the cost of sales adjustment in the

Explain the purpose of the cost of sales adjustment in the profit and loss account. Include a worked example in your explanation.

Nbsptask 1 - planning for profit and cost controlobjective

TASK 1 - Planning for profit and cost control Objective - To enable the learner to prepare the budgeted profit statement and undertake cost-volume-profit analysis for decision making Anhad Sdn. Bhd. manufactures car alar ...

Salem company started its operations on january 1 2016 the

Salem Company started its operations on January 1, 2016. The following transactions took place during the first month of operations: Jan 1: Saleminvests $480,000 cash to start the business. Jan 5: Purchased furniture for ...

Question 1you are a licensed cpa who is a member of both

Question #1 You are a licensed CPA who is a member of both the AICPA and the Oregon Society of CPAs. You work in the Tax Compliance Department of a major publicly traded supermarket chain. The company is considering whet ...

1 tonys pizza has total sales of 786611 and costs of 524268

1. Tony's Pizza has total sales of $786,611 and costs of $524,268. Depreciation is $38,470 and the tax rate is 31 percent. The firm does not have any interest expense. What is the operating cash flow? 2. A company purcha ...

What a baker doesdiscuss the business activitiesprocesses

What a Baker does? Discuss the business activities/processes of the organisation to show your understanding about the business.

Fraud triangle and red flagsread the following case study

Fraud Triangle and Red Flags Read the following case study and respond according to the instructions at the end: Plutonium was an Internet start-up company founded in 1988 at the beginning of the technology boom. One of ...

Financial information systems assessment myob

Financial Information Systems Assessment: MYOB assignment- Assessment overview This assignment is designed to introduce you to using double entry accounting using both a manual recording system and computer accounting so ...

Case study - the complete accounting cyclerequirement 1

CASE STUDY - THE COMPLETE ACCOUNTING CYCLE REQUIREMENT 1: During its first month of operation, the View Corporation, a construction company which specializes in home remodeling, completed the following transactions: 1-Ja ...

Assignment ethical issue reclassification of

Assignment: Ethical Issue: Reclassification of Receivables Respond to the following ethical issue concerning the reclassification of receivables in your initial post: Moss Exports is having a bad year. Net income is only ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

A cola-dispensing machine is set to dispense 9 ounces of

A cola-dispensing machine is set to dispense 9 ounces of cola per cup, with a standard deviation of 1.0 ounce. The manuf

What is marketingbullwhat is marketing think back to your

What is Marketing? • "What is marketing"? Think back to your impressions before you started this class versus how you

Question -your client david smith runs a small it

QUESTION - Your client, David Smith runs a small IT consulting business specialising in computer software and techno

Inspection of a random sample of 22 aircraft showed that 15

Inspection of a random sample of 22 aircraft showed that 15 needed repairs to fix a wiring problem that might compromise

Effective hrmquestionhow can an effective hrm system help

Effective HRM Question How can an effective HRM system help facilitate the achievement of an organization's strate