AICPA ETHICS CODE EXAM 2024.2025WITH GUARANTEED ACCURATE ANSWERS |VERIFIED
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Course
AICPA ETHICS CODE
Institution
AICPA ETHICS CODE
Which step in the decision-making model is characterized by asking the question, "Are these opinions consistent with applicable professional ethics rules, regulations, and laws?"
A. Recognize ethical issues
B. Gather critical facts
C. Consider the effect on stakeholders
D. Consider rules, regu...
Which step in the decision-making model is characterized
by asking the question, "Are these opinions consistent
with applicable professional ethics rules, regulations, and
laws?"
A. Recognize ethical issues
B. Gather critical facts
C. Consider the effect on stakeholders
D. Consider rules, regulations, and laws - ACCURATE
ANSWERS✔✔ D. Consider rules, regulations, and laws
Step 7 asks this question. You may determine that the
greatest benefit and least amount of harm would likely
result if you take a particular course of action, but if that
,course of action is inconsistent with the profession's rules
of conduct, you may not ignore those rules.
Which step in the decision-making model is characterized
by asking the question, "If you had to discuss your
decision in public, would you be concerned about how it
reflects on your ethics"
A. Recognize ethical issues
B. Consider your comfort level
C. Consider the effect on stake holders
D. Consider rules, regulations, and laws - ACCURATE
ANSWERS✔✔ B. Consider your comfort level
Step 6 asks you to consider your comfort level. Before
you make a decision about the correct action when facing
an ethical issue, you should ask yourself some questions.
CPAs must follow the rules and standards promulgated by
which body?
A. AICPA
B. SEC
C. PCAOB
D. Your state CPA licensing board - ACCURATE
ANSWERS✔✔ D. Your state CPA licensing board
State CPA licensing boards are charged with issuing CPA
licenses and overseeing the ethical conduct of CPAs in 55
jurisdictions in the United States. It is critically important
, for CPAs to know their state board's requirements. If you
are licensed by more than one state board, you should
familiarize yourself with each state's requirements.
As a professional CPA, I have the greatest responsibility to
serve:
A. My clients
B. My best interest
C. The public's interest
D. My superior's interest - ACCURATE ANSWERS✔✔ C.
Your primary responsibility is to serve the public interest.
As a professional CPA, I have a responsibility to maintain
and broaden public confidence by performing all my
responsibilities with:
A. Integrity
B. Speed
C. Agility
D. Perfection - ACCURATE ANSWERS✔✔ A. Integrity
Integrity is one of the cornerstones of our profession.
I also must maintain my objectivity, be free of conflicts of
interest, and discharge all of my responsibilities with
due...
A. Respect
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