7/10/25, 11:09 PM D550 Ethics for Accountants
WGU D550 Ethics for Accountants | OA | Objective Assessment |
80 Questions and Answers 2025 Update | 100% Correct.
Correct
Incorrect
D550 Ethics for Accountants
80 Correct terms
Questions and answers
,7/10/25, 11:09 PM D550 Ethics for Accountants
manipulating operating changing inventory valuation in order
decisions to influence earnings
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Term
Under the IMA's standards of ethical practice, an accounting
professional can consider informing authorities or individuals not
employed by the organization when an ethical dilemma occurs about
an accounting or financial reporting matter that remains unresolved if
he/she
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identifies the entity, financial
believes there is a clear
statements being audited and time
violation of the law.
period.
informs the external auditors who tell
contacts his/her immediate superior
him/her to inform the appropriate
who says to forget about the matter.
authorities.
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,7/10/25, 11:09 PM D550 Ethics for Accountants
Term
The most significant change in the Revised AICPA Code of Professional
Conduct is
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the creation of two conceptual the process of reaching a decision or
frameworks: one for members in drawing a conclusion where there are
public practice and one for a number of possible alternative
members in business. solutions.
communicate to the appropriate level
checks and balances were eliminated
of management both material and
and organizational culture was
immaterial amounts of fraud that are
compromised.
detected.
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Term
To prevent subordination of judgment, a CPA should evaluate threats
to
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, 7/10/25, 11:09 PM D550 Ethics for Accountants
Professionalism and Trust. Objectivity and Integrity.
Knowledge and Integrity. Independence and Due Care.
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Term
A CPA would violate the Due Care Principle if he/she
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undertook a professional
engagement without having the followed all instructions without
requisite background, questioning their validity.
knowledge, and experience.
completed a project ahead of delegated tasks to less experienced
schedule without consulting others. staff without oversight.
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6 of 80
Term
WGU D550 Ethics for Accountants | OA | Objective Assessment |
80 Questions and Answers 2025 Update | 100% Correct.
Correct
Incorrect
D550 Ethics for Accountants
80 Correct terms
Questions and answers
,7/10/25, 11:09 PM D550 Ethics for Accountants
manipulating operating changing inventory valuation in order
decisions to influence earnings
Don't know?
2 of 80
Term
Under the IMA's standards of ethical practice, an accounting
professional can consider informing authorities or individuals not
employed by the organization when an ethical dilemma occurs about
an accounting or financial reporting matter that remains unresolved if
he/she
Give this one a go later!
identifies the entity, financial
believes there is a clear
statements being audited and time
violation of the law.
period.
informs the external auditors who tell
contacts his/her immediate superior
him/her to inform the appropriate
who says to forget about the matter.
authorities.
Don't know?
3 of 80
,7/10/25, 11:09 PM D550 Ethics for Accountants
Term
The most significant change in the Revised AICPA Code of Professional
Conduct is
Give this one a go later!
the creation of two conceptual the process of reaching a decision or
frameworks: one for members in drawing a conclusion where there are
public practice and one for a number of possible alternative
members in business. solutions.
communicate to the appropriate level
checks and balances were eliminated
of management both material and
and organizational culture was
immaterial amounts of fraud that are
compromised.
detected.
Don't know?
4 of 80
Term
To prevent subordination of judgment, a CPA should evaluate threats
to
Give this one a go later!
, 7/10/25, 11:09 PM D550 Ethics for Accountants
Professionalism and Trust. Objectivity and Integrity.
Knowledge and Integrity. Independence and Due Care.
Don't know?
5 of 80
Term
A CPA would violate the Due Care Principle if he/she
Give this one a go later!
undertook a professional
engagement without having the followed all instructions without
requisite background, questioning their validity.
knowledge, and experience.
completed a project ahead of delegated tasks to less experienced
schedule without consulting others. staff without oversight.
Don't know?
6 of 80
Term
