Under which rules is the AICPA Management Consulting Services Executive Committee authorized to promulgate standards?

The AICPA Management Consulting Services Executive Committee is empowered to establish standards under Rules 201 and 202. Rule 201 covers general standards that require members to adhere to professional competence, due professional care, and other essentials in service delivery. Rule 202 requires members to comply with any standards promulgated by bodies designated by the board of directors, including specific consulting service standards.

By having this authority under these specific rules, the AICPA ensures that management consulting services provided by CPA professionals maintain a high level of quality and ethical responsibility, reflecting the integrity of the profession. This structure safeguards not only the interests of clients but also upholds public trust in the practices of CPAs engaged in management consulting.

Understanding the correct linkage between the management consulting services standards and these specific rules aids in grasping how ethical standards in various services are governed and enforced by the AICPA.