AICPA Ethics Exam 2025: Actual Exam Questions & Verified Answers + Detailed Solutions – Already Graded A

AICPA ETHICS FINAL EXAM

,1. Ethical Decision Making Model: helps you actively work

through gray area and choose the best possible solution to an

ethical dilema

Step 1: Recognize the ethical issue

Step 2: Gather the critical facts Step 3: Identify the stakeholders

Step 4: Consider your alternatives

Step 5: Consider the effect on stakeholders

Step 6: Consider your comfort level

Step 7: Consider rules, regulations and laws

Step 8: Make a decision

Step 9: Document your efforts

Step 10: Evaluate the outcome

2. Step 1: Recognize the ethical issue

3. Step 2: Gather the critical facts

-you may not have all the facts, but you need the key ones

(material)

4. Step 3: Identify the stakeholders

, -who is affected by your decisions/actions

-consider as many as possible

5. Step 4: Consider your alternatives

-approaches you could take to address this matter and resolve the

ethical conflict

6. Step 5: Consider the effect on stakeholders



-effect of each alternative

7. Step 6: Consider your comfort level



-how comfortable are you with each option

-how would you feel if you have to discuss your decision in public

8. Step 7: Consider rules, regulations, and laws



-rules set by AICPA, state accountancy board, state CPA society

9. Step 8: Make a decision