CPA Ethics Exam Newest 2026 Questions
and Correct Detailed Answers Already
Graded A+
The Principles state that a member has responsibility
to:
(a) Colleagues.
(b) Clients.
(c) The public.
(d) All of the above. - CORRECT 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. - CORRECT 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. - CORRECT 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.
Which category contains the ethical standards, a
violation of which makes a member liable to disciplinary
,action?
(a) Ethics Rulings.
(b) Interpretations of the Rules.
(c) Rules. - CORRECT ANSWER-(c) is the conect answer. Code of Professional
Conduct, Strncture, says that infraction of any of the rules makes a member liable
to disciplinary action.
(a) is wrong since members who depart from the
guidance in ethical rulings in similar circumstances
will be asked to justify such departure. They cannot
however be charged with violating a ruling.
(b) is also wrong since a member cannot be
charged with violating an interpretation. In a disciplina1y
hearing where the member was charged with
violating a rnle, the member would have the burden of justifying any departure
from interpretations ofthat rule.
The Trial Board may, after a hearing, do two of the
three things listed below. Mark the one that the Trial
Board cannot do.
(a) Suspend a member.
, (b) Suspend the member's CPA certificate.
( c) Expel a member. - CORRECT ANSWER-(b) is the correct answer. Code of
Professional
Conduct, Enforcement, says a Trial Board may
admonish, suspend or expel a member. The Trial
Board has no jurisdiction over a member's CPA
certificate.
Which of the following requires that any changes in
them be approved by the members of the AICPA?
(a) Rules and interpretations of the rules.
(b) Principles and rules.
(c) Principles, rules and interpretations of the rules. - CORRECT ANSWER-(b) is
correct. Code of Professional Conduct,
Structure, says that Principles and Rules must be
approved by the AI CPA members.
(a) is wrong and ...
( c) is wrong since interpretations are prepared and issued by the Professional
Ethics Executive Committee without obtaining approval by the members.
and Correct Detailed Answers Already
Graded A+
The Principles state that a member has responsibility
to:
(a) Colleagues.
(b) Clients.
(c) The public.
(d) All of the above. - CORRECT 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. - CORRECT 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. - CORRECT 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.
Which category contains the ethical standards, a
violation of which makes a member liable to disciplinary
,action?
(a) Ethics Rulings.
(b) Interpretations of the Rules.
(c) Rules. - CORRECT ANSWER-(c) is the conect answer. Code of Professional
Conduct, Strncture, says that infraction of any of the rules makes a member liable
to disciplinary action.
(a) is wrong since members who depart from the
guidance in ethical rulings in similar circumstances
will be asked to justify such departure. They cannot
however be charged with violating a ruling.
(b) is also wrong since a member cannot be
charged with violating an interpretation. In a disciplina1y
hearing where the member was charged with
violating a rnle, the member would have the burden of justifying any departure
from interpretations ofthat rule.
The Trial Board may, after a hearing, do two of the
three things listed below. Mark the one that the Trial
Board cannot do.
(a) Suspend a member.
, (b) Suspend the member's CPA certificate.
( c) Expel a member. - CORRECT ANSWER-(b) is the correct answer. Code of
Professional
Conduct, Enforcement, says a Trial Board may
admonish, suspend or expel a member. The Trial
Board has no jurisdiction over a member's CPA
certificate.
Which of the following requires that any changes in
them be approved by the members of the AICPA?
(a) Rules and interpretations of the rules.
(b) Principles and rules.
(c) Principles, rules and interpretations of the rules. - CORRECT ANSWER-(b) is
correct. Code of Professional Conduct,
Structure, says that Principles and Rules must be
approved by the AI CPA members.
(a) is wrong and ...
( c) is wrong since interpretations are prepared and issued by the Professional
Ethics Executive Committee without obtaining approval by the members.
