AICPA Ethics Code Exam (New 2025/2026 Update) Questions with Verified Answers & Rationale | 100% Correct| Grade A.

AICPA Ethics Code Exam (New 2025/2026 i,- i,- i,- i,- i,- i,-




Update) Questions with Verified Answers i,- i,- i,- i,- i,-




& Rationale | 100% Correct| Grade A.
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As a professional CPA, I have a responsibility to maintain and
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broaden public confidence by performing all my responsibilities
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with:
A. Integrity
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B. Speed
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C. Agility
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D. Perfection
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Integrity is one of the cornerstones of our profession.
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I also must maintain my objectivity, be free of conflicts of interest,
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and discharge all of my responsibilities with due...
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A. Respect
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B. Care
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C. Diligence
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D. Speed
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Due care implies a certain level of quality and competence in the
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performance of services. i,- i,-

,Bob is a CPA who works as as senior accountant in a small but
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diversified financial services company. Bob works for the parent
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company (bank) in a division that makes business loans. His
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mother has been offered a seat on the board of directors of a
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subsidiary company that is an investment advisor. i,- i,- i,- i,- i,- i,- i,-




Does Bob's situation cause a significant threat to Bob's integrity
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and objectivity (conflict of interest)?
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A. No. The bank and investment advisory firm are separate and
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distinct businesses i,-




B. Yes. Directorships of relatives always result in conflicts of
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interest
C. Maybe. But more facts should be considered
i,- i,- i,- i,- i,- i,- i,- i,-i,- i,- C. Maybe. But
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more facts should be considered
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We need more information to determine whether this situation
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creates a significant threat to Bob's ability to be objective.
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Which step in the decision-making model is characterized by
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asking the question, "Are these opinions consistent with
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applicable professional ethics rules, regulations, and laws?"
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A. Recognize ethical issues
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B. Gather critical facts
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C. Consider the effect on stakeholders
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, D. Consider rules, regulations, and laws
i,- i,- i,- i,- i,- i,-i,- i,- D. Consider rules,
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regulations, and laws i,- i,- i,-




Step 7 asks this question. You may determine that the greatest
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benefit and least amount of harm would likely result if you take a
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particular course of action, but if that course of action is
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inconsistent with the profession's rules of conduct, you may not
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ignore those rules. i,- i,-




Which step in the decision-making model is characterized by
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asking the question, "If you had to discuss your decision in public,
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would you be concerned about how it reflects on your ethics"
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A. Recognize ethical issues
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B. Consider your comfort level
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C. Consider the effect on stake holders
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D. Consider rules, regulations, and laws
i,- i,- i,- i,- i,- i,-i,- i,- B. Consider your
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comfort level i,- i,-




Step 6 asks you to consider your comfort level. Before you make a
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decision about the correct action when facing an ethical issue,
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you should ask yourself some questions.
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CPAs must follow the rules and standards promulgated by which
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body?
A. AICPA
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B. SEC
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