CPA ETHICS EXAM QUESTIONS 2024/2025 WITH GUARANTEED ACCURATE ANSWERS
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Course
CPA ETHICS
Institution
CPA 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. - ACCURATE ANSWERS (c) is the conect answer. Code of Professional
Conduct, Strncture, says that infraction of any ...
CPA ETHICS EXAM QUESTIONS
2024/2025
CPA ETHICS EXAM QUESTIONS 2024/2025 WITH GUARANTEED ACCURATE
ANSWERS
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. - ACCURATE ANSWERS✔✔ (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. - ACCURATE ANSWERS✔✔ (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. -
ACCURATE ANSWERS✔✔ (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. - ACCURATE ANSWERS✔✔ (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. - ACCURATE
ANSWERS✔✔ (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.
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 - ACCURATE ANSWERS✔✔ (b) is correct. Code
of Professional Conduct, Coverage, says that no CPA
practicing public accounting may avoid operating under a
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