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CPA ETHICS EXAM QUESTIONS NEWEST COMPLETE TEST QUESTIONS AND CORRECT DETAILED ANSWERS WITH RATIONALES (100% CORRECT VERIFIED ANSWERS) A NEW UPDATED VERSION |ALREADY GRADED A+$20.49
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CPA ETHICS EXAM QUESTIONS NEWEST COMPLETE TEST QUESTIONS AND CORRECT DETAILED ANSWERS WITH RATIONALES (100% CORRECT VERIFIED ANSWERS) A NEW UPDATED VERSION |ALREADY GRADED A+
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Course
CPA ETHICS
Institution
CPA ETHICS
CPA ETHICS EXAM QUESTIONS NEWEST COMPLETE TEST QUESTIONS AND CORRECT DETAILED ANSWERS WITH RATIONALES (100% CORRECT VERIFIED ANSWERS) A NEW UPDATED VERSION |ALREADY GRADED A+
CPA ETHICS EXAM QUESTIONS NEWEST 2024-2025
COMPLETE TEST QUESTIONS AND CORRECT DETAILED
ANSWERS WITH RATIONALES (100% CORRECT VERIFIED
ANSWERS) A NEW UPDATED VERSION |ALREADY GRADED
A+
A CPA in public practice ______________ avoid operating under a code
of professional ethics by choosing not to join either the AICPA or any
state CPA society.
(a) may
(b) may not - Answer-(b) is correct. Code of Professional Conduct,
Coverage, says that no CPA practicing public accounting may avoid
operating under a code of ethics. The CPA may not join the AI CPA or
his or her state CPA society and therefore would not be subject to their
codes of ethics. The CPA, however, cannot avoid being subject to his or
her state board of accountancy's code of ethics
The accounting profession 's public includes
(a) Governmental agencies.
(b) Credit grantors.
(c) Investors.
(d) All of the above - Answer-(d) is the correct answer. As (see Article II)
the
CPA's public includes everyone that relies on them. This then would
include
(a) governmental agencies,
,(b) credit grantors and
(c) investors.
Compliance with the AICPA Code of Professional Conduct depends
primarily on:
(a) Public opinion and reinforcement of one's attestation peers.
(b) Disciplinary proceedings when the code is violated.
(c) Member's understanding the code and voluntary compliance with it.
- Answer-(c) is the correct answer. Composition, Applicability and
Compliance in the Articles says that compliance with the code, as with
all standards in an open society, depends primarily on member 's
understanding of the code and voluntary compliance with it.
(a) is wrong. This section says that reinforcement by one's peers and
public opinion is secondary
in obtaining compliance with the code. (b) is also wrong since this
section says disciplinary proceedings against those that violate the code
are the ultimate or final method of obtaining compliance.
The Principles state that a member has responsibility to:
(a) Colleagues.
(b) Clients.
(c) The public.
(d) All of the above. - Answer-(d) is correct. The Preamble to the
Articles says that members have
(a) a responsibility to colleagues,
,(b) to clients and
(c) to the public.
The Principles in the AICPA Code of Professional Conduct
___________________ enforceable under their own terms.
(a) are.
(b) are not. - Answer-(b) is correct. Principles are not enforceable under
their own terms as shown in the section Purpose. Principles are goal-
oriented and the rules of ethics are made and adopted within that
framework.
A distinguishing mark of a profession is:
(a) Acceptance of its responsibility to the public.
(b) The esteem with which it is held by the public.
(c) Its ability to influence legislation. - Answer-(a) is correct. As stated in
Article II, the distinguishing mark of a profession is acceptance of its
responsibility to the public.
(b) The esteem by which it is held by the public
will come when it shows its responsibility to the public.
(c) Influencing legislation may be important to the profession but it is
not the distinguishing
mark of a profession.
, The AICPA Code of Professional Conduct provides guidance and rules
for:
(a) Only members in public practice.
(b) All members.
(c) Only members engaged in rendering attestation
services. - Answer-(b) is correct. The Code of Professional Conduct
provides rules for all members, As stated in the Articles, section
Composition, the membership
adopted the code to provide guidance and rules for all members-those
in public practice, in
industry, in government and in education.
Due care requires a member to:
(a) Perform work for clients at the lowest cost.
(b) Perform work for the clients with competence
and diligence.
(c) Complete each year a specified number of
hours of Continuing Professional Education
courses. - Answer-(b) is correct. Article V requires a member to per-
form his professional work with competence and diligence.
(a) The Principles do not address the subject of fees or
(c) Continuing Professional Education.
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