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AICPA Professional Ethical Standards Exam With 100% Correct And Verified Answers
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AICPA Professional Ethical Standards Exam With 100% Correct And Verified Answers
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AICPA Professional Ethical Standards ExamWith 100% Correct And Verified Answers
How many "parts" are contained in the
current version of the AICPA Code of
Professional Conduct? - Correct Answer-3
(three)
What is the website to access the AICPA Code
of Professional Conduct? - Correct Answer-
http://pub.aicpa.ord/codeofconduct
When an AICPA member and his supervisor
or any other person within the member's
organization have a difference of opinion,
they should consult which interpretation to
determine what to do? - Correct Answer-
Subordination of Judgment (1.130.020) &
Subordination of Judgment (2.130.020)
A conflict of interest may be created when an
AICPA member undertakes a professional
service related to a particular matter
involving two or more parties whose interests
with respect to that matter are in conflict, or
when the interests of an AICPA member with
respect to a particular matter and the
interests of a party for whom the AICPA
member undertakes a professional service
related to that matter are in conflict. Which
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, of the following interpretations explain what
needs to be done if such situations exist? -
Correct Answer-Conflicts of Interest for
Members in Business (2.110.010)
What is the effective date of the AICPA Code
of Professional Responsibility? - Correct
Answer-December 15, 2014
Examples of safeguards created by the
profession, legislation, or regulation for
AICPA members in public practice can be
found in which paragraph of the Conceptual
Framework for members in Public Practice
[ET 1.000.010]? - Correct Answer-Paragraph .21
Which principle of the AICPA Code of Professional
Responsibility specifically applies to all categories of
members (1, 2, and 3)? - Correct Answer-acts discreditable
In the wake of a corporate scandal, HealthWest Co.
management is expanding the company's ethics program
and has decided to create a new position for a Chief Ethics
Officer. To be most effective, the individual in this position
should: - Correct Answer-Have direct, unimpeded access to
the board of directors
The threat that an AICPA member will subordinate his or
her judgment to that of someone associated with the
employing organization due to that individual's position,
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