This lesson provides an overview of the AICPA Code of Professional Conduct, highlighting the importance of memorizing and understanding its rules for both practicing CPAs and those entering the profession. The lesson covers the expectations set forth by the AICPA for professional behavior and discusses potential actions that may be considered discreditable to the profession. In addition, the lesson offers insight into examples of independence impairments and situations that are permitted or not permitted by the AICPA, in order to apply this knowledge to multiple-choice questions and SIMS. The lesson is taught by Nick Palazzolo, CPA, who encourages and motivates learners to continue their preparation for the audit exam.
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