Which is true according to the code of professional conduct

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Problem 1: Daniel, a member, is a CPA and has been licensed since 20X1. In 20X4, Daniel decided to attend law school and was admitted to his State Bar in 20X7. Daniel maintains both licenses and currently practices as both a CPA and a lawyer. According to the Code of Professional Conduct, which of the following is true?

Option 1:
The Code explicitly prohibits the simultaneous practice of accounting and law by a member licensed in both professions.

Option 2: The Code does not explicitly prohibit the simultaneous practice of accounting and law by a member licensed in both professions.

Option 3: The Code allows Daniel to represent himself on his letterhead as both a CPA and an attorney.

Option 4: The Code explicitly states that a member should refer to applicable state accountancy laws and board of accountancy rules and regulations for guidance regarding the use of the CPA credential and, as such, the issue is not explicitly ad- dressed in the Code.

Reference no: EM132817071

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