🎯Other AICPA Rules of Conduct: 25 MCQs

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James Murphy 10 December 2024

Question # 13 – Shouldn’t the answer be I, II, and III? All actions are prohibited.

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1. Maroun, CPA 13 December 2024
  
  Hello James,
  
  The distinction between a reasonable person and an unreasonable person is critical in understanding why option III is excluded.
  
  The AICPA Code of Professional Conduct explicitly prohibits advertisements or solicitations that are false, misleading, or deceptive to a “reasonable person”. This standard is designed to ensure fairness and professionalism, while also acknowledging that it’s impossible to account for every outlandish interpretation or misunderstanding by an unreasonable individual.
  
  If the Code prohibited misleading or deceptive actions to an unreasonable person, it would create an unworkable standard because:
  – It would make CPAs responsible for interpretations that go far beyond what is logical or foreseeable.
  – It would place an excessive burden on professionals, holding them accountable for extreme or irrational assumptions that no reasonable person would make.
  
  Instead, the reasonable person standard ensures that CPAs must act transparently and honestly, avoiding conduct that could mislead or deceive individuals exercising normal judgment and common sense.
  
  Because option III refers to misleading an unreasonable person, it does not align with the AICPA’s ethical guidelines. Therefore, the correct answer is I and II only. If option III were rephrased to state “mislead or deceive a reasonable person,” then all three actions would indeed be prohibited.
  
  Let me know if this clears up the issue!
  
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A 31 May 2026

Question # 21 – The question is asking for a fee arrangement that is prohibited by the AICPA. Aren’t all of the incorrect answer choices those that are prohibited by the AICPA and the correct choice is technically allowed by the AICPA?

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1. Maroun, CPA 1 June 2026
  
  Hello A,
  
  You are absolutely correct! The question’s stem contains a typo and should instead read:
  Which of the following represents a fee arrangement “permitted” by the AICPA’s Code of Professional Conduct?
  
  I’ve updated the question. Thank you for bringing this to our attention!
  
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🎯Other AICPA Rules of Conduct: 25 MCQs

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