1|Page
Latest AICPA Ethics Exam 2025 With 200 Exam Prep
Questions And Correct Verified Answers/ AICPA
Ethics/Code Of Professional Conduct Test 2025
(New!)
Which step in the decision-making model is characterized
by asking the question, "Are these opinions consistent
with applicable professional ethics rules, regulations, and
laws?"
A. Recognize ethical issues
B. Gather critical facts
C. Consider the effect on stakeholders
D. Consider rules, regulations, and laws -
...ANSWER...✓✓D. Consider rules, regulations, and laws
Step 7 asks this question. You may determine that the
greatest benefit and least amount of harm would likely
result if you take a particular course of action, but if that
course of action is inconsistent with the profession's
rules of conduct, you may not ignore those rules.
Which step in the decision-making model is characterized
by asking the question, "If you had to discuss your
decision in public, would you be concerned about how it
reflects on your ethics"
A. Recognize ethical issues
,2|Page
B. Consider your comfort level
C. Consider the effect on stake holders
D. Consider rules, regulations, and laws -
...ANSWER...✓✓B. Consider your comfort level
Step 6 asks you to consider your comfort level. Before
you make a decision about the correct action when facing
an ethical issue, you should ask yourself some questions.
CPAs must follow the rules and standards promulgated
by which body?
A. AICPA
B. SEC
C. PCAOB
D. Your state CPA licensing board - ...ANSWER...✓✓D.
Your state CPA licensing board
State CPA licensing boards are charged with issuing CPA
licenses and overseeing the ethical conduct of CPAs in 55
jurisdictions in the United States. It is critically important
for CPAs to know their state board's requirements. If you
are licensed by more than one state board, you should
familiarize yourself with each state's requirements.
,3|Page
As a professional CPA, I have the greatest responsibility
to serve:
A. My clients
B. My best interest
C. The public's interest
D. My superior's interest - ...ANSWER...✓✓C. Your primary
responsibility is to serve the public interest.
As a professional CPA, I have a responsibility to maintain
and broaden public confidence by performing all my
responsibilities with:
A. Integrity
B. Speed
C. Agility
D. Perfection - ...ANSWER...✓✓A. Integrity
Integrity is one of the cornerstones of our profession.
I also must maintain my objectivity, be free of conflicts of
interest, and discharge all of my responsibilities with
due...
A. Respect
B. Care
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C. Diligence
D. Speed - ...ANSWER...✓✓B. Care
Due care implies a certain level of quality and
competence in the performance of services.
Bob is a CPA who works as as senior accountant in a
small but diversified financial services company. Bob
works for the parent company (bank) in a division that
makes business loans. His mother has been offered a
seat on the board of directors of a subsidiary company
that is an investment advisor.
Does Bob's situation cause a significant threat to Bob's
integrity and objectivity (conflict of interest)?
A. No. The bank and investment advisory firm are
separate and distinct businesses
B. Yes. Directorships of relatives always result in
conflicts of interest
C. Maybe. But more facts should be considered -
...ANSWER...✓✓C. Maybe. But more facts should be
considered
We need more information to determine whether this
situation creates a significant threat to Bob's ability to be
objective.
Latest AICPA Ethics Exam 2025 With 200 Exam Prep
Questions And Correct Verified Answers/ AICPA
Ethics/Code Of Professional Conduct Test 2025
(New!)
Which step in the decision-making model is characterized
by asking the question, "Are these opinions consistent
with applicable professional ethics rules, regulations, and
laws?"
A. Recognize ethical issues
B. Gather critical facts
C. Consider the effect on stakeholders
D. Consider rules, regulations, and laws -
...ANSWER...✓✓D. Consider rules, regulations, and laws
Step 7 asks this question. You may determine that the
greatest benefit and least amount of harm would likely
result if you take a particular course of action, but if that
course of action is inconsistent with the profession's
rules of conduct, you may not ignore those rules.
Which step in the decision-making model is characterized
by asking the question, "If you had to discuss your
decision in public, would you be concerned about how it
reflects on your ethics"
A. Recognize ethical issues
,2|Page
B. Consider your comfort level
C. Consider the effect on stake holders
D. Consider rules, regulations, and laws -
...ANSWER...✓✓B. Consider your comfort level
Step 6 asks you to consider your comfort level. Before
you make a decision about the correct action when facing
an ethical issue, you should ask yourself some questions.
CPAs must follow the rules and standards promulgated
by which body?
A. AICPA
B. SEC
C. PCAOB
D. Your state CPA licensing board - ...ANSWER...✓✓D.
Your state CPA licensing board
State CPA licensing boards are charged with issuing CPA
licenses and overseeing the ethical conduct of CPAs in 55
jurisdictions in the United States. It is critically important
for CPAs to know their state board's requirements. If you
are licensed by more than one state board, you should
familiarize yourself with each state's requirements.
,3|Page
As a professional CPA, I have the greatest responsibility
to serve:
A. My clients
B. My best interest
C. The public's interest
D. My superior's interest - ...ANSWER...✓✓C. Your primary
responsibility is to serve the public interest.
As a professional CPA, I have a responsibility to maintain
and broaden public confidence by performing all my
responsibilities with:
A. Integrity
B. Speed
C. Agility
D. Perfection - ...ANSWER...✓✓A. Integrity
Integrity is one of the cornerstones of our profession.
I also must maintain my objectivity, be free of conflicts of
interest, and discharge all of my responsibilities with
due...
A. Respect
B. Care
, 4|Page
C. Diligence
D. Speed - ...ANSWER...✓✓B. Care
Due care implies a certain level of quality and
competence in the performance of services.
Bob is a CPA who works as as senior accountant in a
small but diversified financial services company. Bob
works for the parent company (bank) in a division that
makes business loans. His mother has been offered a
seat on the board of directors of a subsidiary company
that is an investment advisor.
Does Bob's situation cause a significant threat to Bob's
integrity and objectivity (conflict of interest)?
A. No. The bank and investment advisory firm are
separate and distinct businesses
B. Yes. Directorships of relatives always result in
conflicts of interest
C. Maybe. But more facts should be considered -
...ANSWER...✓✓C. Maybe. But more facts should be
considered
We need more information to determine whether this
situation creates a significant threat to Bob's ability to be
objective.
