CPA ETHICS TEST WITH 180 COMPLETE QUESTIONS AND CORRECT VERIFIED ANSWERS WITH RATIONALES//CPA ETHICS EXAM PREP 2024(LATEST 2024)
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CPA ETHICS
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CPA ETHICS
CPA ETHICS TEST WITH 180 COMPLETE QUESTIONS AND CORRECT VERIFIED ANSWERS WITH RATIONALES//CPA ETHICS EXAM PREP 2024(LATEST 2024)
The Code of Professional Conduct says that with respect to the acts of others: (a) a member may be held responsible for compliance with the rule by all persons associat...
CPA ETHICS TEST 2024-2025 WITH 180 COMPLETE
QUESTIONS AND CORRECT VERIFIED ANSWERS
WITH RATIONALES//CPA ETHICS EXAM PREP
2024(LATEST 2024)
The Code of Professional Conduct says that with respect to the acts of others:
(a) a member may be held responsible for compliance with the rule by all persons
associated with him in the practice of public accounting who the member has the
authority or capacity to control.
(b) a member has no responsibility for the acts of anyone but himself.
(c) it is silent on the matter. - ANSWER-(a) is correct. (Interpretation addressing the
Applicability of the AICPA Code of Professional Conduct) says a member may be held
responsible for the acts of others that he has the authority to control.
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,
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 correct answer. Code of Professional
Conduct, Structure, 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 disciplinary hearing where the member was charged with violating a rule, the
member would have the burden of justifying any departure from interpretations of that
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.
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.
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
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:
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