A member in practice is required to follow rules from:

The correct response highlights that a member in practice must adhere to rules and regulations established by multiple governing bodies. This is essential because the accounting profession is governed by various organizations that set ethical standards and regulatory requirements.

The American Institute of Certified Public Accountants (AICPA) provides a code of professional conduct that members must follow. Additionally, the Securities and Exchange Commission (SEC) lays out federal regulations for financial reporting and auditor requirements for public companies. Furthermore, the Public Company Accounting Oversight Board (PCAOB) regulates and oversees the audits of public companies to ensure compliance with specific standards. Thus, a CPA may encounter requirements from each of these entities, as well as state boards of accountancy and other organizations.

By recognizing that compliance is necessary with more than one governing body, CPAs can better navigate the complexities of their professional responsibilities and maintain compliance with ethical standards across the board. This understanding is critical for safeguarding the integrity of the profession and ensuring high-quality service to clients.