100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
CPA Ethics Exam NEW VERSION UPDATE ACTUAL EXAM QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) 100% PASS SOLUTION /ALREADY GRADED A+ $15.99
Add to cart
Quickly navigate to
Preview
  2.  
  3. CPA Ethics
  4.  
  5. CPA Ethics

Exam (elaborations)

CPA Ethics Exam NEW VERSION UPDATE ACTUAL EXAM QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) 100% PASS SOLUTION /ALREADY GRADED A+
 0 purchase
  • Course
  • CPA Ethics
  • Institution
  • CPA Ethics

CPA Ethics Exam NEW VERSION UPDATE ACTUAL EXAM QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) 100% PASS SOLUTION /ALREADY GRADED A+

Preview 4 out of 107  pages

Document information

  • March 12, 2024
  • 107
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers

Subjects

  • cpa ethics exam
  • cpa
  • cpa ethics exam new version update actu
  • ethics exam new version update actua

Written for

  • CPA Ethics
  • CPA Ethics

Seller

avatar-seller
dennohz2000

Reviews received

Content preview

A CPA in public practice ______________ avoid operating

under a code of professional ethics by choosing not

to join either the AICPA or any state CPA society.

(a) may

(b) may not - ANSWER>>(b) is correct.

Code of Professional Conduct, Coverage, says that no CPA practicing public accounting may avoid
operating under a code of ethics. The CPA may not join the AI CPA or his or her state CPA society and
therefore would not be subject to their codes of ethics. The CPA, however, cannot avoid being subject
to his or her state board of accountancy's code of ethics



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. - ANSWER>>(c) is the conect answer. Code of Professional

Conduct, Strncture, says that infraction of any of the rules makes a member liable to disciplinary
action.

(a) is wrong since members who depart from the

guidance in ethical rulings in similar circumstances

will be asked to justify such departure. They cannot

however be charged with violating a ruling.

(b) is also wrong since a member cannot be

charged with violating an interpretation. In a disciplina1y

hearing where the member was charged with

violating a rnle, the member would have the burden of justifying any departure from interpretations
ofthat rule.

,The Trial Board may, after a hearing, do two of the three things listed below. Mark the one that the Trial

Board cannot do.

(a) Suspend a member.

(b) Suspend the member's CPA certificate.

( c) Expel a member. - ANSWER>>(b) is the correct answer. Code of Professional

Conduct, Enforcement, says a Trial Board may

admonish, suspend or expel a member. The Trial

Board has no jurisdiction over a member's CPA

certificate.



Which of the following requires that any changes in

them be approved by the members of the AICPA?

(a) Rules and interpretations of the rules.

(b) Principles and rules.

(c) Principles, rules and interpretations of the rules. - ANSWER>>(b) is correct. Code of
Professional Conduct,

Structure, says that Principles and Rules must be

approved by the AI CPA members.

(a) is wrong and ...

( c) is wrong since interpretations are prepared and issued by the Professional Ethics Executive
Committee without obtaining approval by the members.



The results of a guilty finding by a Trial Board will

be:

(a) published by the AICPA, but the member 's name will not be 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. - ANSWER>>(c) is correct. Code of Professional Conduct,

Enforcement says that Trial Board convictions must

be published with the member's name disclosed.

(a) is then wrong since the name must be disclosed.

(b) is also wrong since the Trial Board does not have the option of deciding whether or not the
member's name will be disclosed.



An interpretation or ethics ruling usually becomes

effective:

(a) the first day of the month following the

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. -
ANSWER>>(c) is corect. Code of Professional Conduct,

Structure, says that interpretations and rulings are

normally effective the last day of the month they are published in the Journal of Accountancy.

(a) and (b) are therefore wrong.



The accounting profession 's public includes

(a) Governmental agencies.

(b) Credit grantors.

(c) Investors.

, (d) All of the above - ANSWER>>(d) is the correct answer. \As (see Article II) the

CPA's public includes everyone that relies on them. This then would include

(a) governmental agencies,

(b) credit grantors and

(c) investors.



Compliance with the AICPA Code of Professional

Conduct depends primarily on:

(a) Public opinion and reinforcement of one's attestation peers.

(b) Disciplinary proceedings when the code is

violated.

(c) Member's understanding the code and voluntary compliance with it. - ANSWER>>(c) is the
correct answer. Composition, Applicability

and Compliance in the Articles says that compliance with the code, as with all standards in an open
society, depends primarily on member 's understanding of the code and voluntary compliance with it.

(a) is wrong. This section says that reinforcement by one's peers and public opinion is secondary

in obtaining compliance with the code.

(b) is also wrong since this section says disciplinary proceedings against those that violate the code are
the ultimate or final method of obtaining compliance.



The Principles state that a member has responsibility

to:

(a) Colleagues.

(b) Clients.

(c) The public.

(d) All of the above. - ANSWER>>(d) is correct.

The Preamble to the Articles says that members have

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through EFT, credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying this summary from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller dennohz2000. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy this summary for $15.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

64302 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy summaries for 15 years now

Start selling

Recently viewed by you

Exam (elaborations) ·

(0)

Test Bank for Microbiology: Basic and Clinical Principles, 2nd Edition by Norman-McKay, 9780136785750, Covering Chapters 1-21 | Includes Rationales

Package deal ·

(0)

NURS 6531-Advanced Practice Care of Adults Midterm Exam- Revised(100 Questions with Correct Answers)/NURS 6531 MIDTERM EXAM TEST BANK/FINAL EXAM

Exam (elaborations) ·

(0)

BSN 246 HESI HEALTH ASSESSMENT FINAL EXAM 200 EXAM QUESTIONS AND CORRECT ANSWERS WITH RATIONALES (VERIFIED ANSWERS) |ALREADY GRADED A+||BRAND NEW VERSION!!

Exam (elaborations) ·

(0)

2024 GCSE Pearson Edexcel GCSE (9–1) History PAPER 3: Modern depth study Option 32: Mao’s China, c1945–76 Combined Question Paper & Marking Scheme

Exam (elaborations) ·

(3)

Experienced Tutor HSY2601 Assignment 2 (701831)Essay Answers 26 August 2024 | historical grounds for the rise of racist beliefs in the 19 century

Package deal ·

(0)

ALEKS Math Placement Exams (Latest 2024 / 2025 Updates STUDY BUNDLE WITH COMPLETE SOLUTIONS) Questions and Verified Answers | 100% Correct | Grade A

Exam (elaborations) ·

(0)

Test Bank - Primary Care, Interprofessional Collaborative Practice, 6th Edition (Buttaro, 2021) Chapter 1-228 | All Chapters 100% Complete and Verified

Exam (elaborations) ·

(0)

Foundations of Maternal-Newborn and Women's Health Nursing 8th Edition Murray Test Bank All Chapters (1-28) |A+ ULTIMATE GUIDE Newest Version 2023

Exam (elaborations) ·

(0)

Test Bank For Gould's Pathophysiology for the Health Professions 7th Edition by Karin C. VanMeter; Robert J Hubert | Complete Guide, Latest Update
$15.99
  • (0)
Add to cart
Added