Which statement best expresses a fundamental difference between the AICPA Code of Professional Conduct (the AICPA code) and the International Code of Ethics for Professional Accountants, including International Independence Standards, (international code) with respect to clients that are public interest entities (PIES)? O O O Rules in the international code may be more restrictive for PIEs than for other types of clients. Rules in the AICPA code may be more restrictive for PIEs than for other types of clients. The AICPA code does not refer to PIEs in its interpretations or the conceptual framework. The international code does not refer to PIEs in its provisions or the conceptual framework.

Which statement best expresses a fundamental difference between the AICPA Code of Professional Conduct (the AICPA code) and the International Code of Ethics for Professional Accountants, including International Independence Standards, (international code) with respect to clients that are public interest entities (PIES)? O O O Rules in the international code may be more restrictive for PIEs than for other types of clients. Rules in the AICPA code may be more restrictive for PIEs than for other types of clients. The AICPA code does not refer to PIEs in its interpretations or the conceptual framework. The international code does not refer to PIEs in its provisions or the conceptual framework.

Auditing: A Risk Based-Approach (MindTap Course List)

11th Edition

ISBN:9781337619455

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter3: Internal Control Over Financial Reporting: Responsibilities Of Management And The External Auditor

Section: Chapter Questions

Problem 11CYBK

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