What are the eleven major sections of the Rules of Conduct in Part 1 of the Code of Professional Conduct?
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total answers (1)
total answers (1)
Accounting
- difference between SEC and AICPA independence rules
- Provision of other professional services: The SEC prohibits auditors of public companies from providing a variety of non-audit services which are believed to impair the objectivity and independence. The SEC indicates the following categories of other professional services that impair independence
- The SEC does not include any service which the PCAOB has prohibited
- handling of hr and compensation-related issues
- lead and engagement quality review partners
need an explanation for this answer? contact us directly to get an explanation for this answerSEC and AICPA's Code of Conduct are very similar in all respects, excepting a few differences. The SEC is a little restrictive than AICPA in the following areas
-book keeping, financial information systems design and implementation, appraisal and actuarial services, internal audit and outsourcing services, management functions or hr, broker, legal, and expert services