Answer the following statements true (T) or false (F)
1. If a professional accountant is convicted of a criminal offence or fraud, he or she is
usually thrown out of the profession.
2. The codified "Rules of Professional Conduct" derives its authority from the CPA Canada
Handbook.
3. If a public accountant (PA) performs the bookkeeping and makes accounting decisions
for a company and the management does not know enough about the financial
statements to take primary responsibility for them, the PA cannot be considered
independent for assurance services.
4. Once public accountants (PAs) retire from a firm, they are no longer required to maintain independence from former clients.
1. TRUE
2. FALSE
3. TRUE
4. FALSE
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