Which of the following statements best explains why the CPA profession has found it essential to promulgate ethical standards and to establish means for ensuring their observance?
a.
A distinguishing mark of a profession is its acceptance of responsibility to the public.
b.
Vigorous enforcement of an established code of ethics is the best way to prevent unscrupulous acts.
c.
A requirement for a profession is to establish ethical standards that stress primary responsibility to clients and colleagues.
d.
Ethical standards that emphasize excellence in performance over material rewards establish a reputation for competence and character.
