Select the necessary words from the list of possibilities to complete the following statements.

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Select the necessary words from the list of possibilities to complete the following statements. Statements Answer The AICPA C

business accounting

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Answer 1

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Answer #1

1. Interpretations. The 3 parts of AICPA are principals, rules and interpretations.

2. the auditors must also APPEAR independent to third parties. [ independency of enterprises and individuality must be there)

3. Direct financial interest (both direct and indirect affects and then ultimately leads to impairment )

4. immediate family (because he is responsible for his immediate family)

5. Contingent - the answer is already correct. (contingent client are avoided so no fees to be taken from them)

6. Decision maker ( they should only advice and should never ever impose any decision)

7. Government Accounting Standard Board (GASB) - the answer is already correct. ( GASB and FASB is the board that governs it and CPA should follow it)

8. Discreditable (not a good act in profession, at any cost the information shouldn't be used for own advantage. It is unethical)

9. advertising - the answer is already correct. [Clients should not be given any wrong misleading information]

10. expulsion (they can be suspended and expelled for violating the code)

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Answer 2

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