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AICPA ETHICS CERTIFICATION COURSE
(MODULE 1) ALL QUESTIONS AND CORRECT
DETAILED ANSWERS TOP RATED VERSIONS
FOR 2025-2026 ALREADY A GRADED AND
EXPERT APPROVED
Recognizing Ethical Matters (Ethical Decision Making Model) -
ANSWER- - familiar with professions body of rules and regulation (and
changes to those rules)
- attuned to potential ethical warning signs
- know how to analyze a matter (looking at diff perspectives while
maintaining confidentiality)
- always consider sensitivity of into to prevent breach of confidentiality
Steps in Ethical Decision Making - ANSWER- 1. Recognize ethical
issue
2. Gather all critical facts
3. Identify all stakeholders
4. Consider alternatives
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5. Consider effects on stakeholders
6. Consider your comfort level (how decision reflects your ethics)
7. Consider rules, regulations, and laws
8. Make a decision
9. Document efforts
10. evaluate outcome
The "Public Practice" Accounting Professionals - ANSWER- - procide
audit, tax compliance, and consulting services to public companies
The "Business" Accounting Professionals - ANSWER- - working/
volunteering for commercial or not for profit orgs
- employed by govt sector (federal, state, local)
- responsible for accounting, finance, and internal audit
AICPA - 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
AICPA ETHICS CERTIFICATION COURSE
(MODULE 1) ALL QUESTIONS AND CORRECT
DETAILED ANSWERS TOP RATED VERSIONS
FOR 2025-2026 ALREADY A GRADED AND
EXPERT APPROVED
Recognizing Ethical Matters (Ethical Decision Making Model) -
ANSWER- - familiar with professions body of rules and regulation (and
changes to those rules)
- attuned to potential ethical warning signs
- know how to analyze a matter (looking at diff perspectives while
maintaining confidentiality)
- always consider sensitivity of into to prevent breach of confidentiality
Steps in Ethical Decision Making - ANSWER- 1. Recognize ethical
issue
2. Gather all critical facts
3. Identify all stakeholders
4. Consider alternatives
, 2|Page
5. Consider effects on stakeholders
6. Consider your comfort level (how decision reflects your ethics)
7. Consider rules, regulations, and laws
8. Make a decision
9. Document efforts
10. evaluate outcome
The "Public Practice" Accounting Professionals - ANSWER- - procide
audit, tax compliance, and consulting services to public companies
The "Business" Accounting Professionals - ANSWER- - working/
volunteering for commercial or not for profit orgs
- employed by govt sector (federal, state, local)
- responsible for accounting, finance, and internal audit
AICPA - 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
