What does the success of the AICPA code depend on?
A) Understanding of the code by its users
B) The exercising of moral judgement in all things
C) The acceptance and use by the professionals governed by the code
D) Lack of misleading statements that destroys public confidence in the accounting profession
E) Supporting the public interest in accounting practices

Question

Quizplus · Accepted Answer

The success of the AICPA code depends on the acceptance and use by the professionals governed by the code. If professionals do not follow the code or do not accept it, then the code will not achieve its desired outcomes.

Answer: A and B
 While C is the most important factor in the success of the AICPA code, understanding of the code by its users and the exercising of moral judgement in all things are also crucial. If individuals do not understand the code, then they are more likely to violate it unintentionally. Additionally, the code relies on individuals to exercise moral judgement in situations that may not be specifically addressed in the code.

What Does the Success of the AICPA Code Depend On