The two specific elements of the AICPA Code of Professional Conduct that enhance the reliability and usefulness of audited financial reports are the "Independence Rule" and the "Integrity and Objectivity Rule". Explanation: Independence Rule: This rule is crucial because it ensures that auditors maintain an unbiased viewpoint when conducting an audit. It requires auditors to be free from conflicts of interest and prohibits them from having a direct or material indirect business relationship with a client, its management, or its owners. This rule enhances the reliability of audited financial reports because it ensures that the auditor's judgment is not influenced by personal interests or by the client. As a result, stakeholders can trust the audit results and make informed decisions based on them. Integrity and Objectivity Rule: This rule requires auditors to be honest and impartial in all professional matters. They must not knowingly misrepresent facts or subordinate their judgment to others. This rule enhances the usefulness of audited financial reports because it ensures that the information presented is accurate and fair. It also helps to maintain public confidence in the auditing profession and the value of audited financial reports. In conclusion, following standards and ethical behavior in the auditing