Question

Which of the following statements is correct?

1) Members can depart from interpretations of the AICPA Code of Professional Conduct without any ramifications.
2) Members who depart from the interpretations of the AICPA Code of Professional Conduct shall have the burden of justifying such departure in any disciplinary hearing.
3) Members who depart from the interpretations of the AICPA Code of Professional Conduct shall have the burden of justifying such departure in a letter to the AICPA.
4) Members who depart from interpretations of the AICPA Code of Professional Conduct will immediately lose their CPA license.

Answer 1

The correct statement is option 2) Members who depart from the interpretations of the AICPA Code of Professional Conduct shall have the burden of justifying such departure in any disciplinary hearing.

Step-by-step explanation:

The correct statement is option 2) Members who depart from the interpretations of the AICPA Code of Professional Conduct shall have the burden of justifying such departure in any disciplinary hearing.

Departing from interpretations of the AICPA Code of Professional Conduct can lead to disciplinary action, and members who do so will have to provide justification for their departure in a disciplinary hearing.

For example, if a CPA, who is a member of the AICPA, deviates from the AICPA Code of Professional Conduct, they may be called to a disciplinary hearing where they will need to explain and justify their departure from the code.