What is the name of the aicpa standards-setting body

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Problem 1: What is the name of the AICPA's standards-setting body that issues authoritative ethics standards and oversees the Institute's ethics enforcement activities?

a. Accounting and Review Services Committee.
b. Professional Ethics Executive Committee.
c. Auditing Standards Board.
d. Quality Control Standards Board.
e. Assurance Services Executive Committee.

Problem 2: Which of the following is considered to be the harshest sanction that the Illinois CPA Society's Ethics Committee can impose on a member for an ethics violation?

a. Impose a fine (not to exceed $5000).
b. Revoke the member's CPA license.
c. Terminate the individual's membership in the Illinois CPA Society.
d. Suspend the individual's membership in the Illinois CPA Society (for up to 5 years).
e. Require the member to earn Continuing Professional Education hours.

Reference no: EM132829691

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