Leakage of Confidential PCAOB Inspections Information 4-1 Distinguish ethical from unethical behavior in personal and professional contexts. 4-2 Resolve ethical dilemmas using an ethical framework. 4-3 Explain the importance of ethical conduct for the accounting profession. 4-4 Describe the purpose and content of the AICPA Code of Professional Conduct. 4-5 Apply the AICPA Code rules and interpretations on independence and explain their importance. 4-6 Understand the SarbanesOxley Act and other SEC and PCAOB independence requirements and additional factors that influence auditor independence. 4-7 Understand the requirements of other rules under the AICPA Code. 4-8 Describe the enforcement mechanisms for CPA conduct.