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Chapter 19 AF470 5:30 class Spring 2020 1. Consider the following statements: L Regarding the AICPA Code of Professional Conduct, Principles of Professional Conduct are enforceable. II. The rules contained in Section 1.100 cover issues relating to integrity and objectivity. a. I is true; Il is true b. I is true; Il is false c. I is false; Il is true d. I is false; Il is false 2. Consider the following statements: 1. If an auditor is not independent of the client, it is unlikely that the user of financial statements will place much reliance on the CPA's work. IL "A member in public practice shall be independent in the performance of professional services as required by standards promulgated by bodies designated by Council can be found in Section 1.200.001 of the AICPA'S Code of Conduct. a. I is true; Il is true b. I is true; Il is false c. I is false; Il is true d. I is false;ll is false 3. Which of the following is not considered one of the seven categories of threats to a CPAs integrity and objectivity (see textbook page 640)? a. Advocacy threats. b. Familiarity threats. c. Public Interest threats d. Self Interest threats. 4. According to the AICPA's Code of Professional Conduct, which of the following individuals is in a position to influence an attest engagement managed in the Boston office of a CPA firm (i.e. a covered member)? a. The Boston office's managing partner who determines the compensation of the engagement partner. b. Any Professional staff in the Seattle office of the CPA firm. c. Partners in the Seattle office of the CPA firm. d. Any Professional staff in the Boston office of the CPA firm. e. All of the above f. None of the above.

Answer 1

1. Option(B) 1 is true ,11 is false

2.Option(B)  1 is true ,11 is false

3. Option(C) Public interest threats

4 Option(E) All of the above