CPA Ethics Exam / AICPA ACTUAL EXAM
Questions with Verified Answers & Explanations –
Updated 2025/2026 Exam.
Save
Terms in this set (171)
(c) is the conect answer. Code of Professional
Conduct, Strncture, says that infraction of any of the
Which category contains rules makes a member liable to disciplinary action.
the ethical standards, a (a) is wrong since members who depart from the
violation of which makes a guidance in ethical rulings in similar circumstances
member liable to will be asked to justify such departure. They cannot
disciplinary however be charged with violating a ruling.
action? (b) is also wrong since a member cannot be
(a) Ethics Rulings. charged with violating an interpretation. In a
(b) Interpretations of the disciplina1y
Rules. hearing where the member was charged with
(c) Rules. violating a rnle, the member would have the burden
of justifying any departure from interpretations ofthat
rule.
,The Trial Board may, after (b) is the correct answer. Code of Professional
a hearing, do two of the Conduct, Enforcement, says a Trial Board may
three things listed below. admonish, suspend or expel a member. The Trial
Mark the one that the Trial Board has no jurisdiction over a member's CPA
Board cannot do. certificate.
(a) Suspend a member.
(b) Suspend the member's
CPA certificate.
( c) Expel a member.
Which of the following (b) is correct. Code of Professional Conduct,
requires that any changes Structure, says that Principles and Rules must be
in approved by the AI CPA members.
them be approved by the (a) is wrong and ...
members of the AICPA? ( c) is wrong since interpretations are prepared and
(a) Rules and issued by the Professional Ethics Executive Committee
interpretations of the without obtaining approval by the members.
rules.
(b) Principles and rules.
(c) Principles, rules and
interpretations of the
rules.
,The results of a guilty (c) is correct. Code of Professional Conduct,
finding by a Trial Board Enforcement says that Trial Board convictions must
will be published with the member's name disclosed.
be: (a) is then wrong since the name must be disclosed.
(a) published by the (b) is also wrong since the Trial Board does not have
AICPA, but the member 's the option of deciding whether or not the member's
name will not be name will be disclosed.
disclosed.
(b) published by the
AICPA. and the member 's
name will be disclosed if
the Trial Board votes to do
so.
(c) published by the
AICPA with the member 's
name given.
An interpretation or ethics (c) is corect. Code of Professional Conduct,
ruling usually becomes Structure, says that interpretations and rulings are
effective: normally effective the last day of the month they are
(a) the first day of the published in the Journal of Accountancy.
month following the (a) and (b) are therefore wrong.
month it is published in
the Journal of
Accountancy.
(b) two weeks after it is
published in The CPA
Letter.
(c) the last day of the
month in which it is
published in the Journal of
Accountancy.
, A CPA in public practice (b) is correct. Code of Professional Conduct,
______________ avoid operating Coverage, says that no CPA practicing public
under a code of accounting may avoid operating under a code of
professional ethics by ethics. The CPA may not join the AI CPA or his or her
choosing not state CPA society and therefore would not be subject
to join either the AICPA or to their codes of ethics. The CPA, however, cannot
any state CPA society. avoid being subject to his or her state board of
(a) may accountancy's code of ethics
(b) may not
The accounting profession (d) is the correct answer. As (see Article II) the
's public includes CPA's public includes everyone that relies on them.
(a) Governmental This then would include
agencies. (a) governmental agencies,
(b) Credit grantors. (b) credit grantors and
(c) Investors. (c) investors.
(d) All of the above
Compliance with the (c) is the correct answer. Composition, Applicability
AICPA Code of and Compliance in the Articles says that compliance
Professional with the code, as with all standards in an open society,
Conduct depends depends primarily on member 's understanding of the
primarily on: code and voluntary compliance with it.
(a) Public opinion and (a) is wrong. This section says that reinforcement by
reinforcement of one's one's peers and public opinion is secondary
attestation peers. in obtaining compliance with the code.
(b) Disciplinary (b) is also wrong since this section says disciplinary
proceedings when the proceedings against those that violate the code are
code is the ultimate or final method of obtaining compliance.
violated.
(c) Member's
understanding the code
and voluntary compliance
with it.
Questions with Verified Answers & Explanations –
Updated 2025/2026 Exam.
Save
Terms in this set (171)
(c) is the conect answer. Code of Professional
Conduct, Strncture, says that infraction of any of the
Which category contains rules makes a member liable to disciplinary action.
the ethical standards, a (a) is wrong since members who depart from the
violation of which makes a guidance in ethical rulings in similar circumstances
member liable to will be asked to justify such departure. They cannot
disciplinary however be charged with violating a ruling.
action? (b) is also wrong since a member cannot be
(a) Ethics Rulings. charged with violating an interpretation. In a
(b) Interpretations of the disciplina1y
Rules. hearing where the member was charged with
(c) Rules. violating a rnle, the member would have the burden
of justifying any departure from interpretations ofthat
rule.
,The Trial Board may, after (b) is the correct answer. Code of Professional
a hearing, do two of the Conduct, Enforcement, says a Trial Board may
three things listed below. admonish, suspend or expel a member. The Trial
Mark the one that the Trial Board has no jurisdiction over a member's CPA
Board cannot do. certificate.
(a) Suspend a member.
(b) Suspend the member's
CPA certificate.
( c) Expel a member.
Which of the following (b) is correct. Code of Professional Conduct,
requires that any changes Structure, says that Principles and Rules must be
in approved by the AI CPA members.
them be approved by the (a) is wrong and ...
members of the AICPA? ( c) is wrong since interpretations are prepared and
(a) Rules and issued by the Professional Ethics Executive Committee
interpretations of the without obtaining approval by the members.
rules.
(b) Principles and rules.
(c) Principles, rules and
interpretations of the
rules.
,The results of a guilty (c) is correct. Code of Professional Conduct,
finding by a Trial Board Enforcement says that Trial Board convictions must
will be published with the member's name disclosed.
be: (a) is then wrong since the name must be disclosed.
(a) published by the (b) is also wrong since the Trial Board does not have
AICPA, but the member 's the option of deciding whether or not the member's
name will not be name will be disclosed.
disclosed.
(b) published by the
AICPA. and the member 's
name will be disclosed if
the Trial Board votes to do
so.
(c) published by the
AICPA with the member 's
name given.
An interpretation or ethics (c) is corect. Code of Professional Conduct,
ruling usually becomes Structure, says that interpretations and rulings are
effective: normally effective the last day of the month they are
(a) the first day of the published in the Journal of Accountancy.
month following the (a) and (b) are therefore wrong.
month it is published in
the Journal of
Accountancy.
(b) two weeks after it is
published in The CPA
Letter.
(c) the last day of the
month in which it is
published in the Journal of
Accountancy.
, A CPA in public practice (b) is correct. Code of Professional Conduct,
______________ avoid operating Coverage, says that no CPA practicing public
under a code of accounting may avoid operating under a code of
professional ethics by ethics. The CPA may not join the AI CPA or his or her
choosing not state CPA society and therefore would not be subject
to join either the AICPA or to their codes of ethics. The CPA, however, cannot
any state CPA society. avoid being subject to his or her state board of
(a) may accountancy's code of ethics
(b) may not
The accounting profession (d) is the correct answer. As (see Article II) the
's public includes CPA's public includes everyone that relies on them.
(a) Governmental This then would include
agencies. (a) governmental agencies,
(b) Credit grantors. (b) credit grantors and
(c) Investors. (c) investors.
(d) All of the above
Compliance with the (c) is the correct answer. Composition, Applicability
AICPA Code of and Compliance in the Articles says that compliance
Professional with the code, as with all standards in an open society,
Conduct depends depends primarily on member 's understanding of the
primarily on: code and voluntary compliance with it.
(a) Public opinion and (a) is wrong. This section says that reinforcement by
reinforcement of one's one's peers and public opinion is secondary
attestation peers. in obtaining compliance with the code.
(b) Disciplinary (b) is also wrong since this section says disciplinary
proceedings when the proceedings against those that violate the code are
code is the ultimate or final method of obtaining compliance.
violated.
(c) Member's
understanding the code
and voluntary compliance
with it.
