AICPA Ethics Exam

AICPA Ethics Exam Questions And
Answers


Ethical vDecision vMaking vModel v- vAnswer v- vhelps vyou vactively vwork vthrough vgray varea vand vchoose vthe
vbest vpossible vsolution vto van vethical vdilema




Step v1: vRecognize vthe vethical vissue

Step v2: vGather vthe vcritical vfacts

Step v3: vIdentify vthe vstakeholders

Step v4: vConsider vyour valternatives

Step v5: vConsider vthe veffect von vstakeholders

Step v6: vConsider vyour vcomfort vlevel

Step v7: vConsider vrules, vregulations vand vlaws

Step v8: vMake va vdecision

Step v9: vDocument vyour vefforts

Step v10: vEvaluate vthe voutcome

Step v1 v- vAnswer v- vRecognize vthe vethical vissue

Step v2 v- vAnswer v- vGather vthe vcritical vfacts



-you vmay vnot vhave vall vthe vfacts, vbut vyou vneed vthe vkey vones v(material)

Step v3 v- vAnswer v- vIdentify vthe vstakeholders



-who vis vaffected vby vyour vdecisions/actions

-consider vas vmany vas vpossible

Step v4 v- vAnswer v- vConsider vyour valternatives



-approaches vyou vcould vtake vto vaddress vthis vmatter vand vresolve vthe vethical vconflict

, Step v5 v- vAnswer v- vConsider vthe veffect von vstakeholders



-effect vof veach valternative

Step v6 v- vAnswer v- vConsider vyour vcomfort vlevel



-how vcomfortable vare vyou vwith veach voption

-how vwould vyou vfeel vif vyou vhave vto vdiscuss vyour vdecision vin vpublic

Step v7 v- vAnswer v- vConsider vrules, vregulations, vand vlaws



-rules vset vby vAICPA, vstate vaccountancy vboard, vstate vCPA vsociety

Step v8 v- vAnswer v- vMake va vdecision



-take vthe vtime vyou vneed

-discuss vwith vcolleague, vgain vperspectives, vcounsel, vdon't vbe vhasty

Step v9 v- vAnswer v- vDocument vyour vefforts



-your vunderstanding vof vthe vfacts

-who vyou vconsulted vwith vand vtheir vprofessional vaffiliations

-your vdecision

Step v10 v- vAnswer v- vEvaluate vthe voutcome



-would vyou vhave vdone vanything vdifferently

Professional v& vRegulatory vBodies v- vAnswer v- vset vethics vstandards vand vrules vfor vmembers vof vthe
vaccounting vprofession




State vCPA vlicensing vboards

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