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CPA - Ethics Exam 2026 Most Recent Exam / Actual
Complete Real Verified Exam Questions & Verified
Answers / 100% Correct Answers / Already Graded A+
/ Newest Exam!!!
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. -
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.
The results of a guilty finding by a Trial Board will
be:
(a) published by the AICPA, but the member 's name will
not be disclosed.
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(b) published by the AICPA. and the member 's name will
be disclosed if the Trial Board votes to do
so.
(c) published by the AICPA with the member 's
name given. - Answer-(c) is correct. Code of Professional
Conduct,
Enforcement says that Trial Board convictions must
be published with the member's name disclosed.
(a) is then wrong since the name must be disclosed.
(b) is also wrong since the Trial Board does not have the
option of deciding whether or not the member's name will
be disclosed.
An interpretation or ethics ruling usually becomes
effective:
(a) the first day of the month following the
month it is published in the Journal of Accountancy.
(b) two weeks after it is published in The CPA
Letter.
(c) the last day of the month in which it is
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published in the Journal of Accountancy. - Answer-(c) is
corect. Code of Professional Conduct,
Structure, says that interpretations and rulings are
normally effective the last day of the month they are
published in the Journal of Accountancy.
(a) and (b) are therefore wrong.
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
Which category contains the ethical standards, a
violation of which makes a member liable to disciplinary
action?
(a) Ethics Rulings.
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(b) Interpretations of the Rules.
(c) Rules. - Answer-(c) is the conect answer. Code of
Professional
Conduct, Structure, 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.
CPA - Ethics Exam 2026 Most Recent Exam / Actual
Complete Real Verified Exam Questions & Verified
Answers / 100% Correct Answers / Already Graded A+
/ Newest Exam!!!
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. -
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.
The results of a guilty finding by a Trial Board will
be:
(a) published by the AICPA, but the member 's name will
not be disclosed.
,2|Page
(b) published by the AICPA. and the member 's name will
be disclosed if the Trial Board votes to do
so.
(c) published by the AICPA with the member 's
name given. - Answer-(c) is correct. Code of Professional
Conduct,
Enforcement says that Trial Board convictions must
be published with the member's name disclosed.
(a) is then wrong since the name must be disclosed.
(b) is also wrong since the Trial Board does not have the
option of deciding whether or not the member's name will
be disclosed.
An interpretation or ethics ruling usually becomes
effective:
(a) the first day of the month following the
month it is published in the Journal of Accountancy.
(b) two weeks after it is published in The CPA
Letter.
(c) the last day of the month in which it is
,3|Page
published in the Journal of Accountancy. - Answer-(c) is
corect. Code of Professional Conduct,
Structure, says that interpretations and rulings are
normally effective the last day of the month they are
published in the Journal of Accountancy.
(a) and (b) are therefore wrong.
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
Which category contains the ethical standards, a
violation of which makes a member liable to disciplinary
action?
(a) Ethics Rulings.
, 4|Page
(b) Interpretations of the Rules.
(c) Rules. - Answer-(c) is the conect answer. Code of
Professional
Conduct, Structure, 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.
