AICPA每日一练之BEC【2016-2-27】

高顿网校2016-02-26 09:50Lynn.yu
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Each of the following statements is correct regarding the existence and implementation of codes of conduct, except:

a. Employees understand what behavior is acceptable or unacceptable and know what to do if they encounter improper behavior.

b. The codes of conduct are comprehensive, addressing conflicts of interest, illegal or other improper payments, anticompetitive guidelines, and insider trading.

c. The codes of conduct are periodically acknowledged by all employees.

d. The codes of conduct must be in writing and displayed in public areas, such as a break room.

Answer:D

The requirement is to identify the statement that is not correct with respect to the existence and implementation of codes of conduct. Answer (d) is correct because codes of conduct do not have to be displayed in public areas.

Answers(a), (b), and (c) are incorrect because they are all true statements about codes of conduct.

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