Final Exam-AICPA || All Accurate 100%.
The Principles state that a member has responsibility to colleagues, to clients and to the
profession. correct answers (False)
Rules are the cornerstone of ethical behavior. correct answers (False)
In performing an attest engagement, a member should only rely on the AICPA rules of
conduct regarding independence. correct answers (False)
The principles apply the rules of conduct and interpretations to particular circumstances.
correct answers (False)
Professional services include all services performed by a member in private practice. correct
answers (False)
The code, interpretations and rulings are not designed to impact your behavior. correct
answers (False)
Objectivity relates to an auditor's honesty, while integrity is the ability to be neutral during
the conduct of the engagement and the preparation of the auditor's report. correct answers
(False)
Compliance with the Code of Professional Conduct depends primarily on public opinion and
reinforcement by one's peers. correct answers (False)
Interpretations are issued by the AICPA to better explain the code of professional conduct.
correct answers (True)
A code of ethics provides guidance for professional decision making correct answers (True)
A code of ethics serves as an official public statement by a profession of ethical standards and
expectations of members. correct answers (True)
The Rules of Conduct does not extend to individuals who carry out tasks on behalf of an
AICPA member. correct answers (False)
The Principles in the Code of Professional Conduct are enforceable under their own terms
correct answers .(False)
AICPA members should accept the obligation to act in a way that will serve their self
interest. correct answers (False)
A member of the AICPA should observe the profession's technical and ethical standards,
strive continually to improve competence and the quality of services, and discharge
professional responsibility to the best of the member's ability. correct answers (True)
A distinguishing mark of a profession is the esteem with which it is held by the public.
correct answers (True)
, All CPAs must observe the AICPA Rules of Professional Conduct. correct answers (False)
A member of the AICPA must observe all the Rules of Conduct. correct answers (False)
To maintain and broaden public confidence, members should perform all professional
responsibilities with the highest sense of integrity. correct answers (True)
According to the AICPA's Rules of Professional Conduct, the interests of clients and
employees of AICPA members are best served when the members fulfill their responsibility
to the public. correct answers (True)
Compliance with AICPA rules of conduct depends primarily on reinforcement by peers and
public opinion. correct answers (False)
Texas State Board of Public Accountancy regulates the practice of public accountancy in
Texas. correct answers (True)
Members employed by others to prepare financial statements or to perform auditing must
adhere to the objectivity and independence principle in the AICPA Code of Conduct. correct
answers (False)
Ethics Rulings summarize the application of rules and interpretations to a particular set of
factual circumstances. correct answers (True)
PCAOB was created by the Sarbanes-Oxley Act of 2002. correct answers (True)
The AICPA Code of Professional Conduct provides assurance to clients and to the public that
the professional intends to maintain high standards. correct answers (True)
The AICPA bylaws require that members adhere to the rules in the Code. correct answers
(True)
Members not in public practice must maintain the appearance of independence. correct
answers (False)
AICPA Interpretations limit the scope and application of the rules. correct answers (False)
AICPA Code of Professional Conduct begins with a preface that applies to all members.
correct answers (True)
Ethics Rulings summarize the application of Rules of Conduct and Interpretations to a
particular set of factual circumstances and AICPA members cannot depart from such rulings.
correct answers (False)
Under the Rules of Professional Conduct promulgated under the Texas Public Accountancy
Act, all of the rules of professional conduct shall apply to and must be observed by a
certificate or registration holder engaged in the client practice of public accountancy. correct
answers (True)
The Principles state that a member has responsibility to colleagues, to clients and to the
profession. correct answers (False)
Rules are the cornerstone of ethical behavior. correct answers (False)
In performing an attest engagement, a member should only rely on the AICPA rules of
conduct regarding independence. correct answers (False)
The principles apply the rules of conduct and interpretations to particular circumstances.
correct answers (False)
Professional services include all services performed by a member in private practice. correct
answers (False)
The code, interpretations and rulings are not designed to impact your behavior. correct
answers (False)
Objectivity relates to an auditor's honesty, while integrity is the ability to be neutral during
the conduct of the engagement and the preparation of the auditor's report. correct answers
(False)
Compliance with the Code of Professional Conduct depends primarily on public opinion and
reinforcement by one's peers. correct answers (False)
Interpretations are issued by the AICPA to better explain the code of professional conduct.
correct answers (True)
A code of ethics provides guidance for professional decision making correct answers (True)
A code of ethics serves as an official public statement by a profession of ethical standards and
expectations of members. correct answers (True)
The Rules of Conduct does not extend to individuals who carry out tasks on behalf of an
AICPA member. correct answers (False)
The Principles in the Code of Professional Conduct are enforceable under their own terms
correct answers .(False)
AICPA members should accept the obligation to act in a way that will serve their self
interest. correct answers (False)
A member of the AICPA should observe the profession's technical and ethical standards,
strive continually to improve competence and the quality of services, and discharge
professional responsibility to the best of the member's ability. correct answers (True)
A distinguishing mark of a profession is the esteem with which it is held by the public.
correct answers (True)
, All CPAs must observe the AICPA Rules of Professional Conduct. correct answers (False)
A member of the AICPA must observe all the Rules of Conduct. correct answers (False)
To maintain and broaden public confidence, members should perform all professional
responsibilities with the highest sense of integrity. correct answers (True)
According to the AICPA's Rules of Professional Conduct, the interests of clients and
employees of AICPA members are best served when the members fulfill their responsibility
to the public. correct answers (True)
Compliance with AICPA rules of conduct depends primarily on reinforcement by peers and
public opinion. correct answers (False)
Texas State Board of Public Accountancy regulates the practice of public accountancy in
Texas. correct answers (True)
Members employed by others to prepare financial statements or to perform auditing must
adhere to the objectivity and independence principle in the AICPA Code of Conduct. correct
answers (False)
Ethics Rulings summarize the application of rules and interpretations to a particular set of
factual circumstances. correct answers (True)
PCAOB was created by the Sarbanes-Oxley Act of 2002. correct answers (True)
The AICPA Code of Professional Conduct provides assurance to clients and to the public that
the professional intends to maintain high standards. correct answers (True)
The AICPA bylaws require that members adhere to the rules in the Code. correct answers
(True)
Members not in public practice must maintain the appearance of independence. correct
answers (False)
AICPA Interpretations limit the scope and application of the rules. correct answers (False)
AICPA Code of Professional Conduct begins with a preface that applies to all members.
correct answers (True)
Ethics Rulings summarize the application of Rules of Conduct and Interpretations to a
particular set of factual circumstances and AICPA members cannot depart from such rulings.
correct answers (False)
Under the Rules of Professional Conduct promulgated under the Texas Public Accountancy
Act, all of the rules of professional conduct shall apply to and must be observed by a
certificate or registration holder engaged in the client practice of public accountancy. correct
answers (True)
