Which statement best describes the AICPA ethics rules relating to advertising?
A. Advertising using banner ads over the Internet is considered over-reaching and is prohibited.
B. Mass e-mail advertising is not allowed because it is considered a form of harassment.
C. Advertising is permitted as long as it is not false or misleading.
D.
Advertising over any form of mass media is prohibited.
Answer :
Answer:
The correct answer is letter "C": Advertising is permitted as long as it is not false or misleading.
Explanation:
The American Institute of Certified Public Accountants [AICPA] according to its Code of Professional Ethics restricted any form of advertising coming from its members. In 1997, the Supreme Court of the U.S. pressured the institution on this matter at the point of forcing AICPA to create an amendment [1978] in order to allow advertising as long as it is not false, misleading or deceptive.
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10.Terry Industries engages Rose & Co., CPAs, to prepare its annual financialstatements and tax returns. Before either of these engagements iscompleted, Terry terminates the relationship and asks the firm to provide allrecords that they provided to the firm, the firm’s working papers, and itspartially completed work product. Terry has not paid Rose & Co. for eitherservice. Under the AICPA rule on client records requests, which records, ifany, may Rose & Co. withhold from the client?1.Records Terry provided Rose & Co.
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2.Rose’s working papers and its partially completed work product.3.Any records the firm chooses to withhold.4.Norecordsmaybewithheldfromtheclient.11.Which of the following statements best describes the AICPA ethics rulesrelating to a member’s failure to file his or her personal tax return in a timelymanner?
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12.Sympatico Accountants engages ABC Tax Preparers to prepare routine taxreturns during the busy season. Under the AICPA code, which of the followingshould Sympatico do prior to sharing its clients’ information with ABC?
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13.Which of the following statements best describes the AICPA ethics rulesrelating to advertising?
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Taxation in the United States, Financial audit, aicpa code
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