Specific rules of conduct contained in the AICPA Code of Professional Conduct and related interpretations of those rules cover many,but not all,relationships and circumstances that an auditor may encounter.

Question

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The statement is true. The AICPA Code of Professional Conduct and related interpretations provide guidance on ethical conduct and professional behavior for CPAs and auditors in various situations, but they may not cover every potential scenario. Therefore, auditors must use their professional judgment and apply the principles and rules of the Code in a manner that is consistent with the public interest and enhances the profession's reputation for integrity and objectivity.

Specific Rules of Conduct Contained in the AICPA Code of Professional