AICPA Ethics Exam Practice Test with Verified Answers | 100% Correct| New 2025/2026 Update.

AICPA Ethics Exam Practice Test i,- i,- i,- i,- i,-




with Verified Answers | 100% i,- i,- i,- i,- i,-




Correct| New 2025/2026 Update. i,- i,- i,-




To whom does the AICPA Code of Professional Conduct apply:
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a. Members in Public practice
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b. Members in Industry
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c. Members in Government
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d. Members in Education
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e. All of the above
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T/F: According to AICPA Code of Professional Conduct, a CPA
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may receive a contingent fee for performing an audit of a
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financial statement? False i,- i,-i,- i,-




AICPA members should act in a way that will:
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a. Serve the public interest
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b. Honor the public trust
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c. Demonstrate commitment to professionalism
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,d. All of the above
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e. None of the above.
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Regarding the fees of registered independent accounting firmsi,- i,- i,- i,- i,- i,- i,- i,-



on a audit engagement the following is true:
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A. The firm may charge a client a commission based on recovery
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received due to finding an issue on the financials.
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B. The firm may charge a flat fee for all work.
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C. The firm may charge a fee based on the number of errors it
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find in the clients financials.
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D. The firm can receive commissions from third parties for work
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performed on a client. B i,- i,- i,- i,-i,- i,-




What is a positive way to maintain a quality relationship with a
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client?


a. Have written fee agreements, with clearly defined terms (i.e.
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billing) and, if needed, provide cost estimates.
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b. Complete work at agreed upon deadlines.
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c. Use appropriate phone protocol to maintain confidentiality
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with clients. i,-




d. Monitor quality of all work, including drafts as well as client
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status reports. i,-

, e. All of the above.
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Which of the following organizations licenses CPAs:
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a. AICPA.
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b. Texas Society of CPAs.
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c. Texas State Board of Public Accountancy.
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d. All of the above.
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e. None of the above.
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A member of the AICPA must:
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a. Undertake only those professional services that the member or
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member's firm can reasonably expect to be completed with
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professional competence. i,-




b. Exercise due professional care in the performance of
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professional services. i,-




c. Adequately plan and supervise the performance of professional
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services.
d. All of the above.
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