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Business Policy

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Business Policy
|The AICPA Code of Professional Conduct: |

|[pic] |does not apply to CPAs who function as tax advisors only. |
|[pic] |does not apply to CPAs who hold positions below the rank of partner, manager, or senior in a national CPA firm. |
|[pic] |does not apply to CPAs whose work is limited to consulting services. |
|[pic] |applies to all of the above categories. |

|Current auditing standards do not allow which of the following types of loans from a financial institution |
|audit client? |

|[pic] |Credit card loans up to a specified limit. |
|[pic] |Loans of surrender value of an insurance policy. |
|[pic] |Home mortgage loans. |
|[pic] |Borrowings collateralized by cash deposits |
|The Code of Professional Conduct requires independence for all: |

|[pic] |services performed except tax engagements. |
|[pic] |audit and other accounting engagements. |
|[pic] |financial statement audits. |
|[pic] |services performed.

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