24 Read the overview below and complete the activities that follow. CPAs are required to abide by professional standards as outlined in the AICPA Code of Professional Conduct and related guidance. It is important for CPAs to understand the structure of the professional guidance so that they can find the information needed to determine an appropriate course of action when dilemmas arise. Part 1 of 2 points CONCEPT REVIEW: The Code of Professional Conduct is structured in two major sections called Principles and Rules. Principles outline the profession's responsibilities to the public, clients, and fellow practitioners. Rules are enforceable applications of the Principles. Additional guidance that further explains the scope and application of the Rules is included in Interpretations and Ethics Rulings. Skipped ebook It is important to understand the structure of the auditor's Code of Professional Conduct. Place the following descriptions into the appropriate category. Ask Print Principles Rules Interpretations Ethics Rulings References Several of these correspond to GAAS Govern performance of professional services Summarize applications in particular instances Provide guidelines as to scope and implementation Each of these is called an Article (.e., Article I, Article II, etc.) Overall framework for professional services