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AICPA Ethics Code Bundled Exams WITH 100% CORRECT ANSWERS
AICPA Ethics Code Exam WITH 100% CORRECT ANSWERS AICPA Ethics Rules & CPA Exam 100% CORRECT ANSWERS
[Mostrar más]AICPA Ethics Code Exam WITH 100% CORRECT ANSWERS AICPA Ethics Rules & CPA Exam 100% CORRECT ANSWERS
[Mostrar más]Which step in the decision-making model is characterized by asking the question, "Are these opinions consistent with applicable professional ethics rules, regulations, and laws?" 
A. Recognize ethical issues 
B. Gather critical facts 
C. Consider the effect on stakeholders 
D. Consider rules, regu...
Vista previa 2 fuera de 13 páginas
Añadir al carritoWhich step in the decision-making model is characterized by asking the question, "Are these opinions consistent with applicable professional ethics rules, regulations, and laws?" 
A. Recognize ethical issues 
B. Gather critical facts 
C. Consider the effect on stakeholders 
D. Consider rules, regu...
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. 
(c) is the conect answer. Code of Professional 
Conduct, Strncture, says that infraction of any of the rules makes ...
Vista previa 4 fuera de 97 páginas
Añadir al carritoWhich 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. 
(c) is the conect answer. Code of Professional 
Conduct, Strncture, says that infraction of any of the rules makes ...
Which of the following are not example of stakeholders? 
A.Employees 
B. Customers 
C. Suppliers 
D. Borrowers 
E. All above could be stakeholders 
E 
 
 
 
According to the AICPA Code of Professional Conduct, Rule 101-Independence, an audit requires that an individual perform his or her services wi...
Vista previa 2 fuera de 5 páginas
Añadir al carritoWhich of the following are not example of stakeholders? 
A.Employees 
B. Customers 
C. Suppliers 
D. Borrowers 
E. All above could be stakeholders 
E 
 
 
 
According to the AICPA Code of Professional Conduct, Rule 101-Independence, an audit requires that an individual perform his or her services wi...
Ethical Decision Making model 
1: recognize ethical issue 
2: gather critical facts 
3: identify stakeholders 
4: consider alternatives 
5: consider effect of stakeholders 
6: consider comfort level 
7: consider rules, regulations, and laws 
8: make decision 
9: document efforts 
10: evaluate outcom...
Vista previa 2 fuera de 9 páginas
Añadir al carritoEthical Decision Making model 
1: recognize ethical issue 
2: gather critical facts 
3: identify stakeholders 
4: consider alternatives 
5: consider effect of stakeholders 
6: consider comfort level 
7: consider rules, regulations, and laws 
8: make decision 
9: document efforts 
10: evaluate outcom...
4 parts 
Ethical principles 
Rules of conduct 
Interpretations 
Ethical rulings 
 
 
 
Ethical principles 
Ideal standards of ethical conduct stated in philosophical terms: 
Responsibilities 
The public interest 
Integrity 
Objectivity and independence 
Due care 
Scope and nature of services 
Though...
Vista previa 2 fuera de 11 páginas
Añadir al carrito4 parts 
Ethical principles 
Rules of conduct 
Interpretations 
Ethical rulings 
 
 
 
Ethical principles 
Ideal standards of ethical conduct stated in philosophical terms: 
Responsibilities 
The public interest 
Integrity 
Objectivity and independence 
Due care 
Scope and nature of services 
Though...
Steps to Ethical decision making model 
1. Recognize the ethical issue 
2. Gather the Critical Facts 
3. Identify the stakeholders 
4. Consider alternatives 
5. Consider the effect on stakeholders 
6. Consider your comfort level 
7. Consider rules, regulations, and laws 
8. Make a decision 
9. Docum...
Vista previa 2 fuera de 13 páginas
Añadir al carritoSteps to Ethical decision making model 
1. Recognize the ethical issue 
2. Gather the Critical Facts 
3. Identify the stakeholders 
4. Consider alternatives 
5. Consider the effect on stakeholders 
6. Consider your comfort level 
7. Consider rules, regulations, and laws 
8. Make a decision 
9. Docum...
What are the hallmarks of a profession? 
- extensive training & continuing education 
- intellectual in nature 
- specific professional code of ethics & standards 
- certified/licensed 
- provide services to society 
- autonomous/self-regulated 
- representation by bodies 
 
 
 
According to a surve...
Vista previa 3 fuera de 17 páginas
Añadir al carritoWhat are the hallmarks of a profession? 
- extensive training & continuing education 
- intellectual in nature 
- specific professional code of ethics & standards 
- certified/licensed 
- provide services to society 
- autonomous/self-regulated 
- representation by bodies 
 
 
 
According to a surve...
Dorothy (an audit manager) has been assigned to the audit of Tandem Electric, Inc. Dorothy is concerned that Joanne, a friend from her college days, is on the internal audit staff of Tandem Electric. Dorothy believes she could provide services to this client in an objective manner. Which statement b...
Vista previa 2 fuera de 14 páginas
Añadir al carritoDorothy (an audit manager) has been assigned to the audit of Tandem Electric, Inc. Dorothy is concerned that Joanne, a friend from her college days, is on the internal audit staff of Tandem Electric. Dorothy believes she could provide services to this client in an objective manner. Which statement b...
The Principles state that a member has responsibility to colleagues, to clients and to the profession. 
(False) 
 
 
 
Rules are the cornerstone of ethical behavior. 
(False) 
 
 
 
In performing an attest engagement, a member should only rely on the AICPA rules of conduct regarding independence. 
(...
Vista previa 4 fuera de 34 páginas
Añadir al carritoThe Principles state that a member has responsibility to colleagues, to clients and to the profession. 
(False) 
 
 
 
Rules are the cornerstone of ethical behavior. 
(False) 
 
 
 
In performing an attest engagement, a member should only rely on the AICPA rules of conduct regarding independence. 
(...
1. CPA Brown's client Joe Jones went to another firm without paying his final bill, which was due to CPA Brown's firm. When Joe asks for his books and records, CPA Jones can refuse to give them to him until he pays his bill. 
B. False 
 
 
 
Normally in the absence of an agreement of contract a CP...
Vista previa 2 fuera de 10 páginas
Añadir al carrito1. CPA Brown's client Joe Jones went to another firm without paying his final bill, which was due to CPA Brown's firm. When Joe asks for his books and records, CPA Jones can refuse to give them to him until he pays his bill. 
B. False 
 
 
 
Normally in the absence of an agreement of contract a CP...
Ethics 
identifying what is right from wrong, what is good vs. bad and what is just vs. unjust 
influenced by family, culture, brain biology, religious teachings, laws and education 
 
 
 
Accounting profession codes of ethics 
AICPA code of professional conduct 
IFAC code of ethics 
 
 
 
AICPA cod...
Vista previa 2 fuera de 11 páginas
Añadir al carritoEthics 
identifying what is right from wrong, what is good vs. bad and what is just vs. unjust 
influenced by family, culture, brain biology, religious teachings, laws and education 
 
 
 
Accounting profession codes of ethics 
AICPA code of professional conduct 
IFAC code of ethics 
 
 
 
AICPA cod...
Hallmarks of Profession 
a. Technical knowledge → ethical standards 
b. Certified 
c. Extensive education 
d. Analytical and intellectual → judgement 
e. Skills to/for the benefit of society 
 
 
 
High Ranking attributes of professionals 
a. High standards → due care 
b. Ethics 
c. Credible, ...
Vista previa 2 fuera de 13 páginas
Añadir al carritoHallmarks of Profession 
a. Technical knowledge → ethical standards 
b. Certified 
c. Extensive education 
d. Analytical and intellectual → judgement 
e. Skills to/for the benefit of society 
 
 
 
High Ranking attributes of professionals 
a. High standards → due care 
b. Ethics 
c. Credible, ...
Per our class discussion, what are the hallmarks of a profession? 
•Minimum 5 years of education/continuing education 
•Must be certified 
•Intellectual and requires judgment 
•Representation by various bodies (ex. AICPA, TSBCPA) 
•Autonomy - is fellow accountant doing right thing? 
 
 
 
...
Vista previa 3 fuera de 18 páginas
Añadir al carritoPer our class discussion, what are the hallmarks of a profession? 
•Minimum 5 years of education/continuing education 
•Must be certified 
•Intellectual and requires judgment 
•Representation by various bodies (ex. AICPA, TSBCPA) 
•Autonomy - is fellow accountant doing right thing? 
 
 
 
...
Egoism (Results Lens) 
CH1 
Defines right behavior by consequences for the decisionmaker 
 
 
 
Enlightened Egoism (Results Lens) 
CH1 
Considers the well being of others within the scope of deciding on a course of action based on self interest 
 
 
 
Utilitarianism (Results Lens) 
CH1 
Evaluates co...
Vista previa 2 fuera de 13 páginas
Añadir al carritoEgoism (Results Lens) 
CH1 
Defines right behavior by consequences for the decisionmaker 
 
 
 
Enlightened Egoism (Results Lens) 
CH1 
Considers the well being of others within the scope of deciding on a course of action based on self interest 
 
 
 
Utilitarianism (Results Lens) 
CH1 
Evaluates co...
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