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A retired sole practitioner is most likely to violate the aicpa code of professional conduct by the failure to file an income tax return.
What is a codes of professional conduct?
The professional code of conduct refers to the document that explains to employees how they are expected to act on behalf of their company. It also include elements like the values of the business, disciplinary steps, and responsibilities.
In reference to the AICPA code of professional, the code requires all AICPA members to follow a rigorous Code of Professional Conduct which requires that they act with integrity, objectivity, due care, competence, fully disclose any conflicts of interest, obtain a client consent if a conflict arise etc.
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