AICPA Ethics Certification Course (Module 1)
Latest Update 2025-2026 Actual Exam Questions
with 100% Verified Correct Answers Guaranteed
A+ Verified by Professor
Acceptable Level of Conceptual Framework - CORRECT ANSWER: - A level at which a
reasonable and informed third party who is aware of the relevant information would be
expected to conclude that a member's compliance with the rules is not compromised
AICPA - CORRECT ANSWER: - American Institute of Certified Public Accountants
- the national professional organization of CPAs
- created professional ethical executive committee (PEEC) that creates and enforces
ethics and independence among all members
Applicability of the Code of COnduct - CORRECT ANSWER: - applies to AICPA
members and non members
- most of the AICPA rules are incorporated in most state accountancy board rules
As a professional CPA, I willingly accept my responsibility to serve _____________ -
CORRECT ANSWER: The Public Interest (primary responsibility is to serve the public
interest)
Code of Conduct Conceptual Frameworks - CORRECT ANSWER: - Conceptual
Framework for Members in Public Practice, which applies to all rules in Part 1 of the
code (except independence).
- Conceptual Framework for Independence, which applies to the independence rule,
which is addressed in Part 1 of the code.
, - Conceptual Framework for Members in Business, which applies to all rules in Part 2 of
the code
Codes of Conduct Generally Describes: - CORRECT ANSWER: - the basic tenets of
ethical conduct in a profession, whether accounting, medicine, or engineering.
Professions that serve the public interest adopt a code of conduct to help maintain
public confidence in the profession
DOL - CORRECT ANSWER: - U.S. Department of Labor
- regulates auditors of employee benefit plans
Due Care Principle (Code of Conduct) - CORRECT ANSWER: You should observe the
profession's technical and ethical standards, strive continually to improve competence
and the quality of services, and discharge professional responsibility to the best of your
ability. When performing audits or other attest services, due care requires CPAs to
exercise professional skepticism.
GAO - CORRECT ANSWER: - Government Accountability Office
- issues ethics and independence rules that a[[;y to the engagements performed under
GAGAS
- published in the "Yellow Book"
IFAC - CORRECT ANSWER: - International Federation of Accountants
- Supports 4 independent standard setting bodies that develop standards for auditing,
edu, ethics, and public sector financial reporting in the profession globally
- highest standard
Integrity Principle (Code of Conduct) - CORRECT ANSWER: To maintain and broaden
public confidence, you should perform all professional responsibilities with the highest
sense of integrity
Latest Update 2025-2026 Actual Exam Questions
with 100% Verified Correct Answers Guaranteed
A+ Verified by Professor
Acceptable Level of Conceptual Framework - CORRECT ANSWER: - A level at which a
reasonable and informed third party who is aware of the relevant information would be
expected to conclude that a member's compliance with the rules is not compromised
AICPA - CORRECT ANSWER: - American Institute of Certified Public Accountants
- the national professional organization of CPAs
- created professional ethical executive committee (PEEC) that creates and enforces
ethics and independence among all members
Applicability of the Code of COnduct - CORRECT ANSWER: - applies to AICPA
members and non members
- most of the AICPA rules are incorporated in most state accountancy board rules
As a professional CPA, I willingly accept my responsibility to serve _____________ -
CORRECT ANSWER: The Public Interest (primary responsibility is to serve the public
interest)
Code of Conduct Conceptual Frameworks - CORRECT ANSWER: - Conceptual
Framework for Members in Public Practice, which applies to all rules in Part 1 of the
code (except independence).
- Conceptual Framework for Independence, which applies to the independence rule,
which is addressed in Part 1 of the code.
, - Conceptual Framework for Members in Business, which applies to all rules in Part 2 of
the code
Codes of Conduct Generally Describes: - CORRECT ANSWER: - the basic tenets of
ethical conduct in a profession, whether accounting, medicine, or engineering.
Professions that serve the public interest adopt a code of conduct to help maintain
public confidence in the profession
DOL - CORRECT ANSWER: - U.S. Department of Labor
- regulates auditors of employee benefit plans
Due Care Principle (Code of Conduct) - CORRECT ANSWER: You should observe the
profession's technical and ethical standards, strive continually to improve competence
and the quality of services, and discharge professional responsibility to the best of your
ability. When performing audits or other attest services, due care requires CPAs to
exercise professional skepticism.
GAO - CORRECT ANSWER: - Government Accountability Office
- issues ethics and independence rules that a[[;y to the engagements performed under
GAGAS
- published in the "Yellow Book"
IFAC - CORRECT ANSWER: - International Federation of Accountants
- Supports 4 independent standard setting bodies that develop standards for auditing,
edu, ethics, and public sector financial reporting in the profession globally
- highest standard
Integrity Principle (Code of Conduct) - CORRECT ANSWER: To maintain and broaden
public confidence, you should perform all professional responsibilities with the highest
sense of integrity
