American Institute of Certified Public Accountants (AICPA) Practice Exam

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Which of the following is NOT a component of the AICPA Code of Professional Conduct?

Principles
Rules
Interpretations
Standards of behavior

The correct answer is: Standards of behavior

The AICPA Code of Professional Conduct is structured into several key components that guide the ethical behavior of its members. The components include Principles, Rules, and Interpretations. Principles outline the fundamental ethical values that guide CPAs, such as integrity and objectivity. Rules are specific standards of conduct that members are required to follow. Interpretations provide guidance on how to apply the Rules in various situations. The term "Standards of behavior" is not formally recognized as a component of the AICPA Code. Instead, the Code utilizes the other three components to establish clear ethical expectations for CPAs. Understanding these components is essential for adherence to professional standards and maintaining public trust in the profession.