Which statement best describes competence, as defined in the aicpa code of professional conduct?

10.Which statement best describescompetence,as defined in the AICPA Code of ProfessionalConduct?a.Infallible judgment that cannot subsequently be called into question.b.The application of skill and knowledge with reasonable care and diligence.c.Possessing an advanced college degree in the relevant subject matter.d.Rigid adherence to the professional standards of engagement performance.11.In which situations may you disclose confidential client information without violating theAICPA Code of Professional Conduct?a.In response to a validly issued and enforceable subpoena.b.At the request of another client that needs the information to file its tax return.c.As an example in a seminar given for CPE credit.d.In a proposal to a potential client.12.Terry Industries engages Rose & Co., CPAs, to prepare its annual financial statements andtax returns. Before either of these engagements is completed, Terry terminates therelationship and asks the firm to provide all records that Terry provided to the firm, thefirm’s working papers, and its partially completed work product. Terry has not paid Rose &Co. for either service. Under the AICPA rule on client records requests, which records, if any,may Rose & Co. withhold from the client?a.Records Terry provided Rose & Co.b.Rose’s working papers and its partially completed work product.c.Any records the firm chooses to withhold.d.No records may be withheld from the client.

© 2020 AICPA. All rights reserved.Exam 513.Which statement best describes the AICPAethics rules relating to a member’s failure to filehis or her personal tax return in a timely manner?a.The member is strongly encouraged to file his or her personal tax returns in a timelymanner.b.The failure to file a personal tax return in a timely manner must be disclosed to all clientsand potential clients.c.The failure to file a personal tax return in a timely manner is usually considered an actdiscreditable to the profession.d.The member is not in violation of any ethics rules as long as the failure to file a personaltax return in a timely manner was due to a heavy workload.14.Which statement best describes the AICPA ethics rules relating to advertising?a.Advertising using banner ads over the internet is considered overreaching and isprohibited.b.Mass email advertising is not allowed because it is considered a form of harassment.c.Advertising is permitted as long as it is not false or misleading.d.Advertising over any form of mass media is prohibited.Chapter 4