4/7/26, 12:28 PM CPA Ethics EXAM Questions and Answers (Verified Answers) Study Guide (latest version verified for accuracy) | 2025\2026 Latest!!…
CPA Ethics EXAM Questions and Answers
(Verified Answers) Study Guide (latest version
verified for accuracy) | 2025\2026 Latest!!
Save
Terms in this set (171)
Which category contains the ethical (c) is the conect answer. Code of Professional
standards, a Conduct, Strncture, says that infraction of any of
violation of which makes a member the rules makes a member liable to disciplinary
liable to disciplinary action.
action? (a) is wrong since members who depart from the
(a) Ethics Rulings. guidance in ethical rulings in similar circumstances
(b) Interpretations of the Rules. will be asked to justify such departure. They cannot
(c) Rules. 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.
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The Trial Board may, after a hearing, (b) is the correct answer. Code of Professional
do two of the Conduct, Enforcement, says a Trial Board may
three things listed below. Mark the admonish, suspend or expel a member. The Trial
one that the Trial Board has no jurisdiction over a member's CPA
Board cannot do. certificate.
(a) Suspend a member.
(b) Suspend the member's CPA
certificate.
( c) Expel a member.
Which of the following requires that (b) is correct. Code of Professional Conduct,
any changes in Structure, says that Principles and Rules must be
them be approved by the members approved by the AI CPA members.
of the AICPA? (a) is wrong and ...
(a) Rules and interpretations of the ( c) is wrong since interpretations are prepared and
rules. issued by the Professional Ethics Executive
(b) Principles and rules. Committee without obtaining approval by the
(c) Principles, rules and members.
interpretations of the rules.
The results of a guilty finding by a (c) is correct. Code of Professional Conduct,
Trial Board will Enforcement says that Trial Board convictions must
be: be published with the member's name disclosed.
(a) published by the AICPA, but the (a) is then wrong since the name must be
member 's name will not be disclosed.
disclosed. (b) is also wrong since the Trial Board does not
(b) published by the AICPA. and the have the option of deciding whether or not the
member 's name will be disclosed if member's name will be disclosed.
the Trial Board votes to do
so.
(c) published by the AICPA with the
member 's
name given.
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An interpretation or ethics ruling (c) is corect. Code of Professional Conduct,
usually becomes Structure, says that interpretations and rulings are
effective: normally effective the last day of the month they
(a) the first day of the month are published in the Journal of Accountancy.
following the (a) and (b) are therefore wrong.
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
published in the Journal of
Accountancy.
A CPA in public practice ______________ (b) is correct. Code of Professional Conduct,
avoid operating Coverage, says that no CPA practicing public
under a code of professional ethics accounting may avoid operating under a code of
by choosing not ethics. The CPA may not join the AI CPA or his or
to join either the AICPA or any state her state CPA society and therefore would not be
CPA society. subject to their codes of ethics. The CPA, however,
(a) may cannot avoid being subject to his or her state
(b) may not board of accountancy's code of ethics
The accounting profession 's public (d) is the correct answer. As (see Article II) the
includes CPA's public includes everyone that relies on them.
(a) Governmental agencies. This then would include
(b) Credit grantors. (a) governmental agencies,
(c) Investors. (b) credit grantors and
(d) All of the above (c) investors.
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Compliance with the AICPA Code of (c) is the correct answer. Composition, Applicability
Professional and Compliance in the Articles says that
Conduct depends primarily on: compliance with the code, as with all standards in
(a) Public opinion and reinforcement an open society, depends primarily on member 's
of one's attestation peers. understanding of the code and voluntary
(b) Disciplinary proceedings when compliance with it.
the code is (a) is wrong. This section says that reinforcement by
violated. one's peers and public opinion is secondary
(c) Member's understanding the in obtaining compliance with the code.
code and voluntary compliance with (b) is also wrong since this section says disciplinary
it. proceedings against those that violate the code
are the ultimate or final method of obtaining
compliance.
The Principles state that a member (d) is correct. The Preamble to the Articles says that
has responsibility members have
to: (a) a responsibility to colleagues,
(a) Colleagues. (b) to clients and
(b) Clients. (c) to the public.
(c) The public.
(d) All of the above.
The Principles in the AICPA Code of (b) is correct. Principles are not enforceable under
Professional their own terms as shown in the section Purpose.
Conduct ___________________ enforceable Principles are goal-oriented and the rules of
under their own terms. ethics are made and adopted within that
(a) are. framework.
(b) are not.
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CPA Ethics EXAM Questions and Answers
(Verified Answers) Study Guide (latest version
verified for accuracy) | 2025\2026 Latest!!
Save
Terms in this set (171)
Which category contains the ethical (c) is the conect answer. Code of Professional
standards, a Conduct, Strncture, says that infraction of any of
violation of which makes a member the rules makes a member liable to disciplinary
liable to disciplinary action.
action? (a) is wrong since members who depart from the
(a) Ethics Rulings. guidance in ethical rulings in similar circumstances
(b) Interpretations of the Rules. will be asked to justify such departure. They cannot
(c) Rules. 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.
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,4/7/26, 12:28 PM CPA Ethics EXAM Questions and Answers (Verified Answers) Study Guide (latest version verified for accuracy) | 2025\2026 Latest!!…
The Trial Board may, after a hearing, (b) is the correct answer. Code of Professional
do two of the Conduct, Enforcement, says a Trial Board may
three things listed below. Mark the admonish, suspend or expel a member. The Trial
one that the Trial Board has no jurisdiction over a member's CPA
Board cannot do. certificate.
(a) Suspend a member.
(b) Suspend the member's CPA
certificate.
( c) Expel a member.
Which of the following requires that (b) is correct. Code of Professional Conduct,
any changes in Structure, says that Principles and Rules must be
them be approved by the members approved by the AI CPA members.
of the AICPA? (a) is wrong and ...
(a) Rules and interpretations of the ( c) is wrong since interpretations are prepared and
rules. issued by the Professional Ethics Executive
(b) Principles and rules. Committee without obtaining approval by the
(c) Principles, rules and members.
interpretations of the rules.
The results of a guilty finding by a (c) is correct. Code of Professional Conduct,
Trial Board will Enforcement says that Trial Board convictions must
be: be published with the member's name disclosed.
(a) published by the AICPA, but the (a) is then wrong since the name must be
member 's name will not be disclosed.
disclosed. (b) is also wrong since the Trial Board does not
(b) published by the AICPA. and the have the option of deciding whether or not the
member 's name will be disclosed if member's name will be disclosed.
the Trial Board votes to do
so.
(c) published by the AICPA with the
member 's
name given.
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An interpretation or ethics ruling (c) is corect. Code of Professional Conduct,
usually becomes Structure, says that interpretations and rulings are
effective: normally effective the last day of the month they
(a) the first day of the month are published in the Journal of Accountancy.
following the (a) and (b) are therefore wrong.
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
published in the Journal of
Accountancy.
A CPA in public practice ______________ (b) is correct. Code of Professional Conduct,
avoid operating Coverage, says that no CPA practicing public
under a code of professional ethics accounting may avoid operating under a code of
by choosing not ethics. The CPA may not join the AI CPA or his or
to join either the AICPA or any state her state CPA society and therefore would not be
CPA society. subject to their codes of ethics. The CPA, however,
(a) may cannot avoid being subject to his or her state
(b) may not board of accountancy's code of ethics
The accounting profession 's public (d) is the correct answer. As (see Article II) the
includes CPA's public includes everyone that relies on them.
(a) Governmental agencies. This then would include
(b) Credit grantors. (a) governmental agencies,
(c) Investors. (b) credit grantors and
(d) All of the above (c) investors.
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Compliance with the AICPA Code of (c) is the correct answer. Composition, Applicability
Professional and Compliance in the Articles says that
Conduct depends primarily on: compliance with the code, as with all standards in
(a) Public opinion and reinforcement an open society, depends primarily on member 's
of one's attestation peers. understanding of the code and voluntary
(b) Disciplinary proceedings when compliance with it.
the code is (a) is wrong. This section says that reinforcement by
violated. one's peers and public opinion is secondary
(c) Member's understanding the in obtaining compliance with the code.
code and voluntary compliance with (b) is also wrong since this section says disciplinary
it. proceedings against those that violate the code
are the ultimate or final method of obtaining
compliance.
The Principles state that a member (d) is correct. The Preamble to the Articles says that
has responsibility members have
to: (a) a responsibility to colleagues,
(a) Colleagues. (b) to clients and
(b) Clients. (c) to the public.
(c) The public.
(d) All of the above.
The Principles in the AICPA Code of (b) is correct. Principles are not enforceable under
Professional their own terms as shown in the section Purpose.
Conduct ___________________ enforceable Principles are goal-oriented and the rules of
under their own terms. ethics are made and adopted within that
(a) are. framework.
(b) are not.
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