Which of the following is a correct statement regarding the Code of Ethics of the International Ethics Standards Board for Accountants (IESBA)?
A)The IESBA Code applies only to members in public practice.
B)The five fundamental principles of the IESBA Code are identical to the AICPA's principles of professional conduct.
C)The IESBA Code contains specific standards addressing many of the same issues addressed in the AICPA Code of Professional Conduct.
D)All of the above statements are correct.

Question

Quizplus · Accepted Answer

The IESBA Code applies to all professional accountants, not just those in public practice, and contains many similar standards to the AICPA Code, but the five fundamental principles of the IESBA Code differ slightly from those of the AICPA's code. Therefore, only option C is correct.

Which of the Following Is a Correct Statement Regarding the Code