Which statement best describes the $$Acts Discreditable Rule$?$

The rule applies to all AICPA members and relates to conduct that diminishes the accounting profession's reputation.

Violation of the rule must be disclosed to all of the member's future clients and employers.

The rule applies primarily to members in public practice who embezzle their client's money.

A member is not in violation of this rule if the conduct was the result of an overly heavy workload.