Ethics for Accountants - D550 (Quizzes) Complete Questions
with Detailed Verified Answers (100% Correct Answers)
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Jane finds a material misstatement while auditing a client's accounts receivables. Her senior
tells her to ignore the misstatement so that the client does not get upset. Jane wants to be
viewed as a team player in order to advance in the firm, so Jane follows her senior's instructions
and ignores the misstatement. Which ethical theory did Jane use to make her decision?
Ans: egoism
Qiz Ethical relativism can best be described as
Ans: a point of view that morality is relative to the norms of one's culture.
Qiz The Public Interest Principle in the AICPA Code of Professional Conduct recognizes
Ans: the importance of integrity in decision making.
,Qiz Objectivity requires that a CPA should
Ans: maintain a mental attitude of intellectual honesty and impartiality.
Qiz The Independence Principle in the AICPA Code applies to
Ans: all CPAs who render attestation services.
Qiz A CPA would violate the Due Care Principle if he/she
Ans: undertook a professional engagement without having the requisite background,
knowledge, and experience.
Qiz Under the IMA's standards of ethical practice, an accounting professional can consider
informing authorities or individuals not employed by the organization when an ethical dilemma
occurs about an accounting or financial reporting matter that remains unresolved if he/she
Ans: believes there is a clear violation of the law.
Qiz Kelly is the controller of a small company. One day the CFO comes in and tells her to lower
the estimate of uncollectible accounts receivable. Kelly insists her numbers are correct as is.
The CFO tells her it will mean her job at the company if she doesn't go along with the smaller
, estimate. The primary virtue that would enable Kelly to resist the pressure to manipulate the
number is
Ans: integrity.
Qiz The most important duty of public accounting is to the
Ans: investing public.
Qiz Bob is being pressured by his superior to go along with improper accounting and told he is
expected to be a team player. Which of the following statements best characterizes those
expectations?
Ans: loyalty
Qiz The cognitive development approach refers to
Ans: the thought process followed in one's moral development.
Qiz Kohlberg's model can best be described as
Ans: the various phases in one's moral development and related levels of moral reasoning.
with Detailed Verified Answers (100% Correct Answers)
/Already Graded A+
Jane finds a material misstatement while auditing a client's accounts receivables. Her senior
tells her to ignore the misstatement so that the client does not get upset. Jane wants to be
viewed as a team player in order to advance in the firm, so Jane follows her senior's instructions
and ignores the misstatement. Which ethical theory did Jane use to make her decision?
Ans: egoism
Qiz Ethical relativism can best be described as
Ans: a point of view that morality is relative to the norms of one's culture.
Qiz The Public Interest Principle in the AICPA Code of Professional Conduct recognizes
Ans: the importance of integrity in decision making.
,Qiz Objectivity requires that a CPA should
Ans: maintain a mental attitude of intellectual honesty and impartiality.
Qiz The Independence Principle in the AICPA Code applies to
Ans: all CPAs who render attestation services.
Qiz A CPA would violate the Due Care Principle if he/she
Ans: undertook a professional engagement without having the requisite background,
knowledge, and experience.
Qiz Under the IMA's standards of ethical practice, an accounting professional can consider
informing authorities or individuals not employed by the organization when an ethical dilemma
occurs about an accounting or financial reporting matter that remains unresolved if he/she
Ans: believes there is a clear violation of the law.
Qiz Kelly is the controller of a small company. One day the CFO comes in and tells her to lower
the estimate of uncollectible accounts receivable. Kelly insists her numbers are correct as is.
The CFO tells her it will mean her job at the company if she doesn't go along with the smaller
, estimate. The primary virtue that would enable Kelly to resist the pressure to manipulate the
number is
Ans: integrity.
Qiz The most important duty of public accounting is to the
Ans: investing public.
Qiz Bob is being pressured by his superior to go along with improper accounting and told he is
expected to be a team player. Which of the following statements best characterizes those
expectations?
Ans: loyalty
Qiz The cognitive development approach refers to
Ans: the thought process followed in one's moral development.
Qiz Kohlberg's model can best be described as
Ans: the various phases in one's moral development and related levels of moral reasoning.
