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AICPA Code Of Conduct Exam With 100% Correct And Verified Answers
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AICPA Code Of Conduct Exam With 100% Correct And Verified Answers
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AICPA Code Of Conduct Exam With 100%Correct And Verified Answers
What are the 6 Principles of the AICPA Code of Professional
Conduct? - Correct Answer-1. Responsibilities
2. The Public Interest
3. Integrity
4. Objectivity
5. Due Care
6. Scope and Nature of Services
What is the Structure of the AICPA Code of Professional
Conduct? - Correct Answer-Preface
Code Part 1: Members in Public
Code Part 2: Members in Business
Code Part 3: Other Members
Where in the AICPA are the 6 principles found? - Correct
Answer-The Preface
Which section establishes the conceptual framework and
provides a methodology for resolving ethical conflicts? -
Correct Answer-Code 1: Members in Public
What are the 7 categories of threat? - Correct Answer-1.
Adverse Interest
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, 2. Advocacy
3. Familiarity
4. Management Participation
5. Self - Interest
6. Self Review
7. Undue Influence
Define Adverse Interest Threat - Correct Answer-The threat
that a member will not act with objectivity because the
member's interests are opposed to the client's interest
Define Advocacy Threat - Correct Answer-The threat that a
member will promote a client's interest to the point that the
member's objectivity or independence is compromised
Define Familiarity Threat - Correct Answer-A member will
become too sympathetic due to long or close relationship
Define Management Participation - Correct Answer-A
member will take on the role of client management
Define Self Interest Threat - Correct Answer-A member
could benefit from an interest with a client
Define Self Review Threat - Correct Answer-Threat that a
manner will not appropriately evaluate the results of a
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