.
AICPA ETHICS RULES & CPA
EXAM!!
1 of
21
Ter
m
AICPA members should act in a way that will:
Serve the public interest
Honor the public trust
Demonstrate commitment to professionalism
All of the above
None of the above.
Give this one a try
later!
, B False
C D
Don't
know?
2 of 21
Term
Under the newly adopted licensure model starting in 2024, a
candidate that successfully passes all 4 parts of the CPA exam
will have a designation indicating a specialization in which of the
following:
A. Tax Compliance and Planning
B.Business Reporting and Analysis
C. Information Systems and Controls
D.No designation indicating a specialization
Give this one a try later!
E C
D B
Don't
know?
3 of 21
, Term
According to the AICPA Code of Professional Conduct, Rule 101-
Independence, an audit requires that an individual perform his or
her services with integrity and objectivity. There must be reasonable
assurance that this is being done during the Page 4 of 5
engagement. What must an accountant do to be in compliance
with the generally accepted auditing standards?
a. Be independent in fact.
b. Be independent in appearance.
c. Both.
d. Neither
Give this one a try later!
C False
B D
Don't
know?
4 of 21
Term
Regarding the fees of registered independent accounting firms on a
audit engagement the following is true:
A. The firm may charge a client a commission based on recovery
received due to finding an issue on the financials.
B.The firm may charge a flat fee for all work.
C. The firm may charge a fee based on the number of errors it find
in the clients financials.
AICPA ETHICS RULES & CPA
EXAM!!
1 of
21
Ter
m
AICPA members should act in a way that will:
Serve the public interest
Honor the public trust
Demonstrate commitment to professionalism
All of the above
None of the above.
Give this one a try
later!
, B False
C D
Don't
know?
2 of 21
Term
Under the newly adopted licensure model starting in 2024, a
candidate that successfully passes all 4 parts of the CPA exam
will have a designation indicating a specialization in which of the
following:
A. Tax Compliance and Planning
B.Business Reporting and Analysis
C. Information Systems and Controls
D.No designation indicating a specialization
Give this one a try later!
E C
D B
Don't
know?
3 of 21
, Term
According to the AICPA Code of Professional Conduct, Rule 101-
Independence, an audit requires that an individual perform his or
her services with integrity and objectivity. There must be reasonable
assurance that this is being done during the Page 4 of 5
engagement. What must an accountant do to be in compliance
with the generally accepted auditing standards?
a. Be independent in fact.
b. Be independent in appearance.
c. Both.
d. Neither
Give this one a try later!
C False
B D
Don't
know?
4 of 21
Term
Regarding the fees of registered independent accounting firms on a
audit engagement the following is true:
A. The firm may charge a client a commission based on recovery
received due to finding an issue on the financials.
B.The firm may charge a flat fee for all work.
C. The firm may charge a fee based on the number of errors it find
in the clients financials.
