CPA Ethics Exam Question and answer already passed 2023

CPA Ethics Exam Question and answer already passed 2023Which 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 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. (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. (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. (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. (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