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CPA Ethics Exam ||Verified Exam!!|| Most Recent
Exam Actual Complete Real Exam Questions And
Correct Answers (Verified Answers) Already Graded
A+ | Guaranteed Success | Newest Exam!!!
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
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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.
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(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.
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. - Answer-(c) is the conect answer. Code of
Professional
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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 of that 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. - Answer-(b) is the correct answer.
Code of Professional
Conduct, Enforcement, says a Trial Board may
admonish, suspend or expel a member. The Trial
CPA Ethics Exam ||Verified Exam!!|| Most Recent
Exam Actual Complete Real Exam Questions And
Correct Answers (Verified Answers) Already Graded
A+ | Guaranteed Success | Newest Exam!!!
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
,2|Page
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.
,3|Page
(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.
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. - Answer-(c) is the conect answer. Code of
Professional
, 4|Page
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 of that 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. - Answer-(b) is the correct answer.
Code of Professional
Conduct, Enforcement, says a Trial Board may
admonish, suspend or expel a member. The Trial
