Specifically, the Committee concluded that the acceptance of a gift or entertainment by a member can result in a financial self-interest and undue influence threat to independence, as described in the Conceptual Framework for AICPA Independence Standards.
What is AICPA?
- The American Institute of Certified Public Accountants( AICPA) is the public professional association of Certified Public Accountants( CPAs) in the United States, with further than, 000 members in 130 countries.
- Founded in 1887 as the American Association of Public Accountants( AAPA), the association sets ethical morals and U.S. auditing morals.
- It also develops and grades the Outfit CPA Examination.
- The AICPA maintains services in New York City; Washington, DC; Durham, NC; and Ewing, NJ.
What is the primary part of AICPA?
- The AICPA provides educational guidance paraphernalia; develops and grades the Outfit CPA Examination; and spectators and enforces compliance within the profession.
- There are present, 000 laboriously certified CPAs around the globe.
Learn more about AICPA here:
https://brainly.com/question/5041945
#SPJ4