Some rules of conduct apply to accountants in public practice and not to those employed in industry.

Question

Quizplus · Accepted Answer

The rules of conduct for accountants, such as those outlined by professional bodies like the American Institute of Certified Public Accountants (AICPA), often distinguish between those in public practice and those employed in industry, tailoring ethical and professional standards to the different responsibilities and challenges faced in these settings.

Some Rules of Conduct Apply to Accountants in Public Practice