American Institute of Certified Public Accountants (AICPA) Practice Exam

What do the AICPA bylaws require members to do?

1. Adhere to ethical norms only

2. Follow the rules in the Code

3. Meet continuing education requirements

4. Maintain independence at all times

The correct answer is: Follow the rules in the Code

The AICPA bylaws require members to follow the rules in the Code of Professional Conduct. This Code establishes a set of principles and standards that govern the performance of members in their professional activities. Following the rules set out in the Code helps ensure that members uphold the integrity, objectivity, and professionalism expected in the accounting profession. By adhering to these rules, members promote trust among stakeholders, including clients, employers, and the public, which is paramount in the field of public accounting. While the other options address important aspects of professional conduct, such as ethical norms, continuing education, and independence, they do not comprehensively capture the overarching requirement for members to adhere specifically to the rules outlined in the Code. Compliance with these rules encompasses various ethical norms, education requirements, and independence principles that members are expected to maintain throughout their careers.