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AICPA Ethics Code Bundled Exams WITH 100% CORRECT ANSWERS
AICPA Ethics Code Exam WITH 100% CORRECT ANSWERS AICPA Ethics Rules & CPA Exam 100% CORRECT ANSWERS
[Meer zien]AICPA Ethics Code Exam WITH 100% CORRECT ANSWERS AICPA Ethics Rules & CPA Exam 100% CORRECT ANSWERS
[Meer zien]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, regu...
Voorbeeld 2 van de 13 pagina's
In winkelwagenWhich 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, regu...
Which category contains the ethical standards, a 
violation of which makes a member liable to disciplinary 
action? 
(a) Ethics Rulings. 
(b) Interpretations of the Rules. 
(c) Rules. 
(c) is the conect answer. Code of Professional 
Conduct, Strncture, says that infraction of any of the rules makes ...
Voorbeeld 4 van de 97 pagina's
In winkelwagenWhich category contains the ethical standards, a 
violation of which makes a member liable to disciplinary 
action? 
(a) Ethics Rulings. 
(b) Interpretations of the Rules. 
(c) Rules. 
(c) is the conect answer. Code of Professional 
Conduct, Strncture, says that infraction of any of the rules makes ...
Which of the following are not example of stakeholders? 
A.Employees 
B. Customers 
C. Suppliers 
D. Borrowers 
E. All above could be stakeholders 
E 
 
 
 
According to the AICPA Code of Professional Conduct, Rule 101-Independence, an audit requires that an individual perform his or her services wi...
Voorbeeld 2 van de 5 pagina's
In winkelwagenWhich of the following are not example of stakeholders? 
A.Employees 
B. Customers 
C. Suppliers 
D. Borrowers 
E. All above could be stakeholders 
E 
 
 
 
According to the AICPA Code of Professional Conduct, Rule 101-Independence, an audit requires that an individual perform his or her services wi...
Ethical Decision Making model 
1: recognize ethical issue 
2: gather critical facts 
3: identify stakeholders 
4: consider alternatives 
5: consider effect of stakeholders 
6: consider comfort level 
7: consider rules, regulations, and laws 
8: make decision 
9: document efforts 
10: evaluate outcom...
Voorbeeld 2 van de 9 pagina's
In winkelwagenEthical Decision Making model 
1: recognize ethical issue 
2: gather critical facts 
3: identify stakeholders 
4: consider alternatives 
5: consider effect of stakeholders 
6: consider comfort level 
7: consider rules, regulations, and laws 
8: make decision 
9: document efforts 
10: evaluate outcom...
4 parts 
Ethical principles 
Rules of conduct 
Interpretations 
Ethical rulings 
 
 
 
Ethical principles 
Ideal standards of ethical conduct stated in philosophical terms: 
Responsibilities 
The public interest 
Integrity 
Objectivity and independence 
Due care 
Scope and nature of services 
Though...
Voorbeeld 2 van de 11 pagina's
In winkelwagen4 parts 
Ethical principles 
Rules of conduct 
Interpretations 
Ethical rulings 
 
 
 
Ethical principles 
Ideal standards of ethical conduct stated in philosophical terms: 
Responsibilities 
The public interest 
Integrity 
Objectivity and independence 
Due care 
Scope and nature of services 
Though...
Steps to Ethical decision making model 
1. Recognize the ethical issue 
2. Gather the Critical Facts 
3. Identify the stakeholders 
4. Consider alternatives 
5. Consider the effect on stakeholders 
6. Consider your comfort level 
7. Consider rules, regulations, and laws 
8. Make a decision 
9. Docum...
Voorbeeld 2 van de 13 pagina's
In winkelwagenSteps to Ethical decision making model 
1. Recognize the ethical issue 
2. Gather the Critical Facts 
3. Identify the stakeholders 
4. Consider alternatives 
5. Consider the effect on stakeholders 
6. Consider your comfort level 
7. Consider rules, regulations, and laws 
8. Make a decision 
9. Docum...
What are the hallmarks of a profession? 
- extensive training & continuing education 
- intellectual in nature 
- specific professional code of ethics & standards 
- certified/licensed 
- provide services to society 
- autonomous/self-regulated 
- representation by bodies 
 
 
 
According to a surve...
Voorbeeld 3 van de 17 pagina's
In winkelwagenWhat are the hallmarks of a profession? 
- extensive training & continuing education 
- intellectual in nature 
- specific professional code of ethics & standards 
- certified/licensed 
- provide services to society 
- autonomous/self-regulated 
- representation by bodies 
 
 
 
According to a surve...
Dorothy (an audit manager) has been assigned to the audit of Tandem Electric, Inc. Dorothy is concerned that Joanne, a friend from her college days, is on the internal audit staff of Tandem Electric. Dorothy believes she could provide services to this client in an objective manner. Which statement b...
Voorbeeld 2 van de 14 pagina's
In winkelwagenDorothy (an audit manager) has been assigned to the audit of Tandem Electric, Inc. Dorothy is concerned that Joanne, a friend from her college days, is on the internal audit staff of Tandem Electric. Dorothy believes she could provide services to this client in an objective manner. Which statement b...
The Principles state that a member has responsibility to colleagues, to clients and to the profession. 
(False) 
 
 
 
Rules are the cornerstone of ethical behavior. 
(False) 
 
 
 
In performing an attest engagement, a member should only rely on the AICPA rules of conduct regarding independence. 
(...
Voorbeeld 4 van de 34 pagina's
In winkelwagenThe Principles state that a member has responsibility to colleagues, to clients and to the profession. 
(False) 
 
 
 
Rules are the cornerstone of ethical behavior. 
(False) 
 
 
 
In performing an attest engagement, a member should only rely on the AICPA rules of conduct regarding independence. 
(...
1. CPA Brown's client Joe Jones went to another firm without paying his final bill, which was due to CPA Brown's firm. When Joe asks for his books and records, CPA Jones can refuse to give them to him until he pays his bill. 
B. False 
 
 
 
Normally in the absence of an agreement of contract a CP...
Voorbeeld 2 van de 10 pagina's
In winkelwagen1. CPA Brown's client Joe Jones went to another firm without paying his final bill, which was due to CPA Brown's firm. When Joe asks for his books and records, CPA Jones can refuse to give them to him until he pays his bill. 
B. False 
 
 
 
Normally in the absence of an agreement of contract a CP...
Ethics 
identifying what is right from wrong, what is good vs. bad and what is just vs. unjust 
influenced by family, culture, brain biology, religious teachings, laws and education 
 
 
 
Accounting profession codes of ethics 
AICPA code of professional conduct 
IFAC code of ethics 
 
 
 
AICPA cod...
Voorbeeld 2 van de 11 pagina's
In winkelwagenEthics 
identifying what is right from wrong, what is good vs. bad and what is just vs. unjust 
influenced by family, culture, brain biology, religious teachings, laws and education 
 
 
 
Accounting profession codes of ethics 
AICPA code of professional conduct 
IFAC code of ethics 
 
 
 
AICPA cod...
Hallmarks of Profession 
a. Technical knowledge → ethical standards 
b. Certified 
c. Extensive education 
d. Analytical and intellectual → judgement 
e. Skills to/for the benefit of society 
 
 
 
High Ranking attributes of professionals 
a. High standards → due care 
b. Ethics 
c. Credible, ...
Voorbeeld 2 van de 13 pagina's
In winkelwagenHallmarks of Profession 
a. Technical knowledge → ethical standards 
b. Certified 
c. Extensive education 
d. Analytical and intellectual → judgement 
e. Skills to/for the benefit of society 
 
 
 
High Ranking attributes of professionals 
a. High standards → due care 
b. Ethics 
c. Credible, ...
Per our class discussion, what are the hallmarks of a profession? 
•Minimum 5 years of education/continuing education 
•Must be certified 
•Intellectual and requires judgment 
•Representation by various bodies (ex. AICPA, TSBCPA) 
•Autonomy - is fellow accountant doing right thing? 
 
 
 
...
Voorbeeld 3 van de 18 pagina's
In winkelwagenPer our class discussion, what are the hallmarks of a profession? 
•Minimum 5 years of education/continuing education 
•Must be certified 
•Intellectual and requires judgment 
•Representation by various bodies (ex. AICPA, TSBCPA) 
•Autonomy - is fellow accountant doing right thing? 
 
 
 
...
Egoism (Results Lens) 
CH1 
Defines right behavior by consequences for the decisionmaker 
 
 
 
Enlightened Egoism (Results Lens) 
CH1 
Considers the well being of others within the scope of deciding on a course of action based on self interest 
 
 
 
Utilitarianism (Results Lens) 
CH1 
Evaluates co...
Voorbeeld 2 van de 13 pagina's
In winkelwagenEgoism (Results Lens) 
CH1 
Defines right behavior by consequences for the decisionmaker 
 
 
 
Enlightened Egoism (Results Lens) 
CH1 
Considers the well being of others within the scope of deciding on a course of action based on self interest 
 
 
 
Utilitarianism (Results Lens) 
CH1 
Evaluates co...
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