Serious breaches of the professional code of conduct can result in criminal prosecution by the professional accounting organizations.

Question

Quizplus · Accepted Answer

Professional accounting organizations typically do not have the authority to initiate criminal prosecutions. They can impose disciplinary actions, such as fines, suspension, or revocation of membership, but criminal prosecution would be handled by governmental legal authorities, not the professional organizations themselves.

Serious Breaches of the Professional Code of Conduct Can Result