CPAgEthicsgExam
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1. Whichgcategorygcontainsgthegethical (c)gisgthegconectganswer.gCodegofg
gstandards,ga Professional
violationgofgwhichgmakesgagmembergli- Conduct,gStrncture,gsaysgthatgin-
gablegtogdisciplinary gfractiongofganygofgthegrulesgmakes
action? gagmembergliablegtogdisciplinaryga
(a) EthicsgRulings. ction.
(b) InterpretationsgofgthegRules. (a)gisgwronggsincegmembersgwhog
(c) Rules. departgfromgthe
guidancegingethicalgrulingsgingsim-
gilargcircumstances
willgbegaskedgtogjustifygsuchgde-
gparture.gTheygcannot
howevergbegchargedgwithgviolat-
ginggagruling.
(b)gisgalsogwronggsincegagmemberg
cannotgbe
chargedgwithgviolatingganginter-
gpretation.gIngagdisciplina1ygheari
nggwheregthegmembergwasgcharg
edgwith
violatinggagrnle,gthegmembergwoul
dghavegthegburdengofgjustify-
gingganygdeparturegfromginterpre-
gtationsgofthatgrule.
2. ThegTrialgBoardgmay,gaftergaghearing,gdo (b)gisgthegcorrectganswer.gCodegofg
gtwogofgthe Professional
threegthingsglistedgbelow.gMarkgthegoneg Conduct,gEnforcement,gsaysgagTr
thatgthegTrial ialgBoardgmay
Boardgcannotgdo. admonish,gsuspendgorgexpelgagm
(a) Suspendgagmember. ember.gThegTrial
(b) Suspendgthegmember'sgCPAgcertifi- Boardghasgnogjurisdictiongovergag
gcate. member'sgCPA
(c) Expelgagmember. certificate.
3. Whichgofgthegfollowinggrequiresgthatgany (b) isgcorrect.gCodegofgProfession-
gchangesgin galgConduct,
themgbegapprovedgbygthegmembersgofgt Structure,gsaysgthatgPrinciplesgan
hegAICPA? dgRulesgmustgbe
1g/g99
, CPAgEthicsgExam
Studygonlinegatghttps://quizlet.com/_3h1vz2
(a) Rulesgandginterpretationsgofgthe approvedgbygthegAIgCPAgmem-
grules. gbers.
(b) Principlesgandgrules. (a)gisgwronggandg...
(c) Principles,grulesgandginterpretations (gc)gisgwronggsinceginterpreta-
gofgthegrules. gtionsgaregpreparedgandgissuedgby
gthegProfessionalgEthicsgExecutiv
egCommitteegwithoutgobtainingga
p-gprovalgbygthegmembers.
4. ThegresultsgofgagguiltygfindinggbygagTrial (c)gisgcorrect.gCodegofgProfession-
gBoardgwill galgConduct,
be: EnforcementgsaysgthatgTrialgBoar
(a) publishedgbygthegAICPA,gbutgthegm dgconvictionsgmust
emberg'sgnamegwillgnotgbegdisclosed. begpublishedgwithgthegmember'sg
(b) publishedgbygthegAICPA.gandgthegm namegdisclosed.
emberg'sgnamegwillgbegdisclosedgifgthegT (a) isgthengwronggsincegthegnameg
rialgBoardgvotesgtogdo mustgbegdisclosed.
so. (b) isgalsogwronggsincegthegTrialg
(c) publishedgbygthegAICPAgwithgthe Boardgdoesgnotghavegthegoptiongofg
gmemberg's decidinggwhethergorgnotgthegmem-
nameggiven. gber'sgnamegwillgbegdisclosed.
5. Anginterpretationgorgethicsgrulinggusual- (c) isgcorect.gCodegofgProfessional
glygbecomes gConduct,
effective: Structure,gsaysgthatginterpreta-
(a) thegfirstgdaygofgthegmonthgfollowing gtionsgandgrulingsgare
gthe normallygeffectivegtheglastgdaygofgt
monthgitgisgpublishedgingthegJournalgofg hegmonthgtheygaregpublishedgingt
Accountancy. hegJournalgofgAccountancy.
(b) twogweeksgaftergitgisgpublishedgingThe (a) andg(b)garegthereforegwrong.
gCPA
Letter.
(c) theglastgdaygofgthegmonthgingwhichgit
gis
publishedgingthegJournalgofgAccountan-
gcy.
6. AgCPAgingpublicgpractice (b) isgcorrect.gCodegofgProfession-
avoidgoperating galgConduct,gCoverage,gsaysgthat
2g/g99
, CPAgEthicsgExam
Studygonlinegatghttps://quizlet.com/_3h1vz2
undergagcodegofgprofessionalgethicsgby nogCPAgpracticinggpublicgaccount-
gchoosinggnot ginggmaygavoidgoperatinggunderga
togjoingeithergthegAICPAgorganygstategCPAgcodegofgethics.gThegCPAgmaygnot
society. joingthegAIgCPAgorghisgorghergstateg
(a) may CPAgsocietygandgthereforegwouldg
(b) maygnot notgbegsubjectgtogtheirgcodesgofget
hics.gThegCPA,ghowever,gcan-
gnotgavoidgbeinggsubjectgtoghisgorg
hergstategboardgofgaccountancy'sg
codegofgethics
7. Thegaccountinggprofessiong'sgpublicgin- (d) isgthegcorrectganswer.gAsg(seeg
gcludes ArticlegII)gthe
(a) Governmentalgagencies. CPA'sgpublicgincludesgeveryone
(b) Creditggrantors. gthatgreliesgongthem.gThisgtheng
(c) Investors. wouldginclude
(d) Allgofgthegabove (a) governmentalgagencies,
(b) creditggrantorsgand
(c) investors.
8. CompliancegwithgthegAICPAgCodegof (c)gisgthegcorrectganswer.gCompo-
gProfessional gsition,gApplicability
Conductgdependsgprimarilygon: andgCompliancegingthegArticlesgs
(a) Publicgopiniongandgreinforcementgof aysgthatgcompliancegwithgthegcod
gone'sgattestationgpeers. e,gasgwithgallgstandardsgingangope
(b) Disciplinarygproceedingsgwhengthe ngsociety,gdependsgprimarilygong
gcodegis memberg'sgunderstandinggofgtheg
violated. codegandgvoluntarygcompli-
(c) Member'sgunderstandinggthegcode gancegwithgit.
gandgvoluntarygcompliancegwithgit. (a)gisgwrong.gThisgsectiongsaysgth
atgreinforcementgbygone'sgpeersga
ndgpublicgopiniongisgsecondarygin
gobtaininggcompliancegwithgthegc
ode.
(b)gisgalsogwronggsincegthisgsec-
gtiongsaysgdisciplinarygproceed-
gingsgagainstgthosegthatgviolategth
egcodegaregthegultimategorgfinalgm
ethodgofgobtaininggcompliance.
3g/g99
, CPAgEthicsgExam
Studygonlinegatghttps://quizlet.com/_3h1vz2
9. ThegPrinciplesgstategthatgagmemberghasg(d)gisgcorrect.gThegPreamblegto
responsibilitygto thegArticlesgsaysgthatgmembersgh
: ave
(a) Colleagues. (a) agresponsibilitygtogcolleagues,
(b) Clients. (b) togclientsgand
(c) Thegpublic. (c) togthegpublic.
(d) Allgofgthegabove.
10. ThegPrinciplesgingthegAICPAgCodegof (b)gisgcorrect.gPrinciplesgaregnotge
gProfessional nforceablegunder
Conductg en- theirgowngtermsgasgshowngingtheg
gforceablegundergtheirgowngterms. sectiongPurpose.gPrinciplesgareg
(a) are. goal-
(b) aregnot. orientedgandgthegrulesgofgethicsg
aregmadegandgadoptedgwithingth
atgframework.
11. Agdistinguishinggmarkgofgagprofession
gis: (a) isgcorrect.gAsgstatedgingArti-
(a) Acceptancegofgitsgresponsibilitygto gclegII,gthegdistinguishinggmarkgof
gthegpublic. gagprofessiongisgacceptancegofgits
(b) Thegesteemgwithgwhichgitgisgheldgby gresponsibilitygtogthegpublic.
gthegpublic. (b) Thegesteemgbygwhichgitgisgheldg
(c) Itsgabilitygtoginfluenceglegislation. bygthegpublic
willgcomegwhengitgshowsgitsgre-
gsponsibilitygtogthegpublic.
(c) Influencingglegislationgmaygbe
gimportantgtogthegprofessiongbutgit
gisgnotgthegdistinguishing
markgofgagprofession.
12. ThegAICPAgCodegofgProfessionalgCon-
gductgprovides (b)gisgcorrect.gThegCodegofgProfes-
guidancegandgrulesgfor: gsionalgConduct
(a) Onlygmembersgingpublicgpractice. providesgrulesgforgallgmembers,gA
(b) Allgmembers. sgstatedgingthegArticles,gsectiongC
(c) Onlygmembersgengagedgingrendering omposition,gthegmembershipgado
gattestation ptedgthegcodegtogprovidegguid-
services. gancegandgrulesgforgallgmem-
bers-
thosegingpublicgpractice,gingindustr
4g/g99
Studygonlinegatghttps://quizlet.com/_3h1vz2
1. Whichgcategorygcontainsgthegethical (c)gisgthegconectganswer.gCodegofg
gstandards,ga Professional
violationgofgwhichgmakesgagmembergli- Conduct,gStrncture,gsaysgthatgin-
gablegtogdisciplinary gfractiongofganygofgthegrulesgmakes
action? gagmembergliablegtogdisciplinaryga
(a) EthicsgRulings. ction.
(b) InterpretationsgofgthegRules. (a)gisgwronggsincegmembersgwhog
(c) Rules. departgfromgthe
guidancegingethicalgrulingsgingsim-
gilargcircumstances
willgbegaskedgtogjustifygsuchgde-
gparture.gTheygcannot
howevergbegchargedgwithgviolat-
ginggagruling.
(b)gisgalsogwronggsincegagmemberg
cannotgbe
chargedgwithgviolatingganginter-
gpretation.gIngagdisciplina1ygheari
nggwheregthegmembergwasgcharg
edgwith
violatinggagrnle,gthegmembergwoul
dghavegthegburdengofgjustify-
gingganygdeparturegfromginterpre-
gtationsgofthatgrule.
2. ThegTrialgBoardgmay,gaftergaghearing,gdo (b)gisgthegcorrectganswer.gCodegofg
gtwogofgthe Professional
threegthingsglistedgbelow.gMarkgthegoneg Conduct,gEnforcement,gsaysgagTr
thatgthegTrial ialgBoardgmay
Boardgcannotgdo. admonish,gsuspendgorgexpelgagm
(a) Suspendgagmember. ember.gThegTrial
(b) Suspendgthegmember'sgCPAgcertifi- Boardghasgnogjurisdictiongovergag
gcate. member'sgCPA
(c) Expelgagmember. certificate.
3. Whichgofgthegfollowinggrequiresgthatgany (b) isgcorrect.gCodegofgProfession-
gchangesgin galgConduct,
themgbegapprovedgbygthegmembersgofgt Structure,gsaysgthatgPrinciplesgan
hegAICPA? dgRulesgmustgbe
1g/g99
, CPAgEthicsgExam
Studygonlinegatghttps://quizlet.com/_3h1vz2
(a) Rulesgandginterpretationsgofgthe approvedgbygthegAIgCPAgmem-
grules. gbers.
(b) Principlesgandgrules. (a)gisgwronggandg...
(c) Principles,grulesgandginterpretations (gc)gisgwronggsinceginterpreta-
gofgthegrules. gtionsgaregpreparedgandgissuedgby
gthegProfessionalgEthicsgExecutiv
egCommitteegwithoutgobtainingga
p-gprovalgbygthegmembers.
4. ThegresultsgofgagguiltygfindinggbygagTrial (c)gisgcorrect.gCodegofgProfession-
gBoardgwill galgConduct,
be: EnforcementgsaysgthatgTrialgBoar
(a) publishedgbygthegAICPA,gbutgthegm dgconvictionsgmust
emberg'sgnamegwillgnotgbegdisclosed. begpublishedgwithgthegmember'sg
(b) publishedgbygthegAICPA.gandgthegm namegdisclosed.
emberg'sgnamegwillgbegdisclosedgifgthegT (a) isgthengwronggsincegthegnameg
rialgBoardgvotesgtogdo mustgbegdisclosed.
so. (b) isgalsogwronggsincegthegTrialg
(c) publishedgbygthegAICPAgwithgthe Boardgdoesgnotghavegthegoptiongofg
gmemberg's decidinggwhethergorgnotgthegmem-
nameggiven. gber'sgnamegwillgbegdisclosed.
5. Anginterpretationgorgethicsgrulinggusual- (c) isgcorect.gCodegofgProfessional
glygbecomes gConduct,
effective: Structure,gsaysgthatginterpreta-
(a) thegfirstgdaygofgthegmonthgfollowing gtionsgandgrulingsgare
gthe normallygeffectivegtheglastgdaygofgt
monthgitgisgpublishedgingthegJournalgofg hegmonthgtheygaregpublishedgingt
Accountancy. hegJournalgofgAccountancy.
(b) twogweeksgaftergitgisgpublishedgingThe (a) andg(b)garegthereforegwrong.
gCPA
Letter.
(c) theglastgdaygofgthegmonthgingwhichgit
gis
publishedgingthegJournalgofgAccountan-
gcy.
6. AgCPAgingpublicgpractice (b) isgcorrect.gCodegofgProfession-
avoidgoperating galgConduct,gCoverage,gsaysgthat
2g/g99
, CPAgEthicsgExam
Studygonlinegatghttps://quizlet.com/_3h1vz2
undergagcodegofgprofessionalgethicsgby nogCPAgpracticinggpublicgaccount-
gchoosinggnot ginggmaygavoidgoperatinggunderga
togjoingeithergthegAICPAgorganygstategCPAgcodegofgethics.gThegCPAgmaygnot
society. joingthegAIgCPAgorghisgorghergstateg
(a) may CPAgsocietygandgthereforegwouldg
(b) maygnot notgbegsubjectgtogtheirgcodesgofget
hics.gThegCPA,ghowever,gcan-
gnotgavoidgbeinggsubjectgtoghisgorg
hergstategboardgofgaccountancy'sg
codegofgethics
7. Thegaccountinggprofessiong'sgpublicgin- (d) isgthegcorrectganswer.gAsg(seeg
gcludes ArticlegII)gthe
(a) Governmentalgagencies. CPA'sgpublicgincludesgeveryone
(b) Creditggrantors. gthatgreliesgongthem.gThisgtheng
(c) Investors. wouldginclude
(d) Allgofgthegabove (a) governmentalgagencies,
(b) creditggrantorsgand
(c) investors.
8. CompliancegwithgthegAICPAgCodegof (c)gisgthegcorrectganswer.gCompo-
gProfessional gsition,gApplicability
Conductgdependsgprimarilygon: andgCompliancegingthegArticlesgs
(a) Publicgopiniongandgreinforcementgof aysgthatgcompliancegwithgthegcod
gone'sgattestationgpeers. e,gasgwithgallgstandardsgingangope
(b) Disciplinarygproceedingsgwhengthe ngsociety,gdependsgprimarilygong
gcodegis memberg'sgunderstandinggofgtheg
violated. codegandgvoluntarygcompli-
(c) Member'sgunderstandinggthegcode gancegwithgit.
gandgvoluntarygcompliancegwithgit. (a)gisgwrong.gThisgsectiongsaysgth
atgreinforcementgbygone'sgpeersga
ndgpublicgopiniongisgsecondarygin
gobtaininggcompliancegwithgthegc
ode.
(b)gisgalsogwronggsincegthisgsec-
gtiongsaysgdisciplinarygproceed-
gingsgagainstgthosegthatgviolategth
egcodegaregthegultimategorgfinalgm
ethodgofgobtaininggcompliance.
3g/g99
, CPAgEthicsgExam
Studygonlinegatghttps://quizlet.com/_3h1vz2
9. ThegPrinciplesgstategthatgagmemberghasg(d)gisgcorrect.gThegPreamblegto
responsibilitygto thegArticlesgsaysgthatgmembersgh
: ave
(a) Colleagues. (a) agresponsibilitygtogcolleagues,
(b) Clients. (b) togclientsgand
(c) Thegpublic. (c) togthegpublic.
(d) Allgofgthegabove.
10. ThegPrinciplesgingthegAICPAgCodegof (b)gisgcorrect.gPrinciplesgaregnotge
gProfessional nforceablegunder
Conductg en- theirgowngtermsgasgshowngingtheg
gforceablegundergtheirgowngterms. sectiongPurpose.gPrinciplesgareg
(a) are. goal-
(b) aregnot. orientedgandgthegrulesgofgethicsg
aregmadegandgadoptedgwithingth
atgframework.
11. Agdistinguishinggmarkgofgagprofession
gis: (a) isgcorrect.gAsgstatedgingArti-
(a) Acceptancegofgitsgresponsibilitygto gclegII,gthegdistinguishinggmarkgof
gthegpublic. gagprofessiongisgacceptancegofgits
(b) Thegesteemgwithgwhichgitgisgheldgby gresponsibilitygtogthegpublic.
gthegpublic. (b) Thegesteemgbygwhichgitgisgheldg
(c) Itsgabilitygtoginfluenceglegislation. bygthegpublic
willgcomegwhengitgshowsgitsgre-
gsponsibilitygtogthegpublic.
(c) Influencingglegislationgmaygbe
gimportantgtogthegprofessiongbutgit
gisgnotgthegdistinguishing
markgofgagprofession.
12. ThegAICPAgCodegofgProfessionalgCon-
gductgprovides (b)gisgcorrect.gThegCodegofgProfes-
guidancegandgrulesgfor: gsionalgConduct
(a) Onlygmembersgingpublicgpractice. providesgrulesgforgallgmembers,gA
(b) Allgmembers. sgstatedgingthegArticles,gsectiongC
(c) Onlygmembersgengagedgingrendering omposition,gthegmembershipgado
gattestation ptedgthegcodegtogprovidegguid-
services. gancegandgrulesgforgallgmem-
bers-
thosegingpublicgpractice,gingindustr
4g/g99
