|The American Institute of Certified Public Accountants (AICPA) requires its members to comply with the AICPA Code of Professional Conduct. Which of the following is not covered by this Code of Professional Conduct?|
a. A CPA will guarantee that financial statements are absolutely correct before issuing an audit opinion.
b. A CPA will perform all professional responsibilities with the highest sense of integrity.
c. A CPA will maintain independence in fact and appearance when providing auditing and other attestation services.
d. A CPA will act in a way that will serve the public interest.
Code of professional conduct:
a) CPA performs all the professional responsibilities with highest sense of integrity
b) CPA must act according to public interest
c) CPA must be independant, portray integrity and objectivity while auditing the financial statements
CPA after performing audit and analytical procedures on the financial statements will provide reasonable assurance that financial statements are free from material misstatements. He doesnt guarentee that the financial statements are absolutely correct as he is aware of the inherant limitations of audit.
So, the answer is Option A