Question

A violation of the profession's ethical standards is least likely to occur when a CPA:

a) Discloses a potential conflict of interest to the client
b) Provides consulting services to an audit client
c) Maintains objectivity and integrity
d) Acts with professional skepticism

Answer 1

The correct answer is a) Discloses a potential conflict of interest to the client.

Step-by-step explanation:

The correct answer is a) Discloses a potential conflict of interest to the client.

When a certified public accountant (CPA) discloses a potential conflict of interest to the client, they are being transparent and honest about any personal or professional relationship that may affect their judgment or objectivity. This ensures that the client is fully informed and can make decisions based on unbiased information. Providing consulting services to an audit client, maintaining objectivity and integrity, and acting with professional skepticism are important ethical standards for CPAs but may have a higher risk of violating the profession's ethical standards compared to disclosing a potential conflict of interest.