According to the AICPA Code of Professional Conduct, omitting material information on a financial disclosure is just as unethical as actively misleading investors with false information on a financial disclosure.

Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter2: The Auditor’s Responsibilities Regarding Fraud And Mechanisms To Address Fraud: Regulation And Corporate Governance
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According to the AICPA Code of Professional Conduct, omitting material information on a financial disclosure is just as unethical as actively misleading investors with false information on a financial disclosure.  

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True

False

 

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According to the AICPA Code of Professional Conduct, omitting material information on a financial disclosure is just as unethical as actively misleading investors with false information on a financial disclosure. Professional accountants are required to provide complete, accurate, and reliable information to their clients or employers, and failure to do so could result in disciplinary action. The AICPA's Principles of Professional Conduct require members to maintain objectivity, integrity, and professional behavior in all their activities.

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