AICPA Ethics Exam Questions with 100% CORRECT ANSWERS LATEST 2024(A+ GRADED VERIFIED BY EXPERTS)
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Course
AICPA Ethics
Institution
AICPA Ethics
Ethical Decision Making Model - ANSWER helps you actively work through gray area and choose the best possible solution to an ethical dilema
Step 1: Recognize the ethical issue
Step 2: Gather the critical facts
Step 3: Identify the stakeholders
Step 4: Consider your alternatives
Step 5: Co...
AICPA
Ethics
Exam
Questions
with
100%
CORRECT
ANSWERS
LATEST
2024(A+
GRADED
VERIFIED
BY
EXPERTS)
Ethical
Decision
Making
Model
-
ANSWER
helps
you
actively
work
through
gray
area
and
choose
the
best
possible
solution
to
an
ethical
dilema
Step
1:
Recognize
the
ethical
issue
Step
2:
Gather
the
critical
facts
Step
3:
Identify
the
stakeholders
Step
4:
Consider
your
alternatives
Step
5:
Consider
the
effect
on
stakeholders
Step
6:
Consider
your
comfort
level
Step
7:
Consider
rules,
regulations
and
laws
Step
8:
Make
a
decision
Step
9:
Document
your
efforts
Step
10:
Evaluate
the
outcome
Step
1
-
ANSWER
Recognize
the
ethical
issue
Step
2
-
ANSWER
Gather
the
critical
facts
-you
may
not
have
all
the
facts,
but
you
need
the
key
ones
(material)
Step
3
-
ANSWER
Identify
the
stakeholders
-who
is
affected
by
your
decisions/actions
-consider
as
many
as
possible
Step
4
-
ANSWER
Consider
your
alternatives
-approaches
you
could
take
to
address
this
matter
and
resolve
the
ethical
conflict
Step
5
-
ANSWER
Consider
the
effect
on
stakeholders
-effect
of
each
alternative
Step
6
-
ANSWER
Consider
your
comfort
level
-how
comfortable
are
you
with
each
option
-how
would
you
feel
if
you
have
to
discuss
your
decision
in
public Step
7
-
ANSWER
Consider
rules,
regulations,
and
laws
-rules
set
by
AICP A,
state
accountancy
board,
state
CPA
society
Step
8
-
ANSWER
Make
a
decision
-take
the
time
you
need
-discuss
with
colleague,
gain
perspectives,
counsel,
don't
be
hasty
Step
9
-
ANSWER
Document
your
efforts
-your
understanding
of
the
facts
-who
you
consulted
with
and
their
professional
affiliations
-your
decision
Step
10
-
ANSWER
Evaluate
the
outcome
-would
you
have
done
anything
differently
Professional
&
Regulatory
Bodies
-
ANSWER
set
ethics
standards
and
rules
for
members
of
the
accounting
profession
State
CPA
licensing
boards
AICP A
SEC
PCABO
IFAC
IRS
GAO
DOL
others
State
CPA
Licensing
Boards
-
ANSWER
issues
CPA
licesnes
and
oversee
ethical
conduct
of
jurisdiction
AICP A
-
ANSWER
American
Institute
of
Certified
Public
Accountants
national
professional
organization
for
all
CPAs;
work
with
state
CPA
societies
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