Final Exam-AICPA UPDATED ACTUAL Questions and CORRECT Answers

Final Exam-AICPA UPDATED ACTUAL Questions and
CORRECT Answers

1. The Principles state that a member has responsibility (False)
to colleagues, to clients and to the profession.

2. Rules are the cornerstone of ethical behavior. (False)

3. In performing an attest engagement, a member (False)
should only rely on the AICPA rules of conduct regard-
ing independence.

4. The principles apply the rules of conduct and interpre- (False)
tations to particular circumstances.

5. Professional services include all services performed by (False)
a member in private practice.

6. The code, interpretations and rulings are not designed (False)
to impact your behavior.

7. Objectivity relates to an auditor's honesty, while in- (False)
tegrity is the ability to be neutral during the conduct of
the engagement and the preparation of the auditor's
report.

8. Compliance with the Code of Professional Conduct de- (False)
pends primarily on public opinion and reinforcement
by one's peers.

9. Interpretations are issued by the AICPA to better ex- (True)
plain the code of professional conduct.

10. A code of ethics provides guidance for professional (True)
decision making

, 11. (True)