The AICPA provides for a number of specialist designations. How should a member use the designation? When may a firm include a specialty designation on firm letter- head? Where would you find the applicable guidance in the Code?

The following questions relate to the AICPA Code of Professional Conduct, which can be viewed online or downloaded in pdf format at www.aicpa.org:
a. When should a member apply the conceptual framework for members in public
practice? Which rule or rules have their own conceptual framework?
b. Covered members are not allowed to have a direct financial interest in a client. What
should covered members do if they become aware they are to receive an unsolicited
financial interest in an attest client as a result of a bequest? Be sure to note where you
can find the applicable guidance in the Code.
Required
Required
Research
117Chapter 4 / PROFESSIONAL ETHICS
c. The Accounting Principles Rule indicates that members can justify a departure from
generally accepted accounting principles only in unusual circumstances. What are
examples of unusual circumstances discussed in the Code?
d. The AICPA provides for a number of specialist designations. How should a member
use the designation? When may a firm include a specialty designation on firm letter-
head? Where would you find the applicable guidance in the Code?

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