True / False (True = A, False = B) 96. The AICPA has authority to establish auditing standard for nonpublic companies 97. Financial statement audits provide absolute assurance that the financial statements are free from material misstatements. 98. A primary purpose for establishing a code of conduct within a professional organization is to reduce the likelihood that members of the profession will be sued for substandard work. 99. Auditors are periodically punished for holding an investment in a client. This violates which the "Integrity" rule. 100. Advertising in newspapers is an acceptable practice for CPAs