Under the rules and interpretations of the AICPA Code,
A) a CPA can be a client advocate during an audit, but not while performing tax or management services.
B) staff auditors should always defer to the judgment of their immediate supervisor.
C) a conflict of interest is a relationship that might interfere with objectivity or integrity.
D) even if a conflict of interest is disclosed to the member's client or employer, it is still considered a violation of the rules of conduct.

Question

Quizplus · Accepted Answer

The AICPA Code defines a conflict of interest as a situation in which a relationship might interfere with objectivity or integrity. It is important for CPAs to identify and address potential conflicts of interest to maintain their professional objectivity and integrity. While an auditor should maintain a level of skepticism and objectivity during all engagements, the Code does not permit a CPA to be a client advocate during an audit or any other service. Additionally, while staff auditors should seek guidance from their supervisors, they should not blindly defer to their judgment. Finally, disclosing a conflict of interest is necessary to maintain transparency, but it does not absolve the CPA of their obligation to avoid any actions that could compromise their objectivity or integrity.

Under the Rules and Interpretations of the AICPA Code