1|Page
Latest AICPA Ethics Exam 2025 With 200 Exam Prep
Questions And Correct Verified Answers/ AICPA
Ethics/Code Of Professional Conduct Test 2025 (New!)
Which of the following are not example of stakeholders?
A.Employees
B. Customers
C. Suppliers
D. Borrowers
E. All above could be stakeholders - ...ANSWER...✓✓E
According to the AICPA Code of Professional Conduct,
Rule 101-Independence, an audit requires that an
individual perform his or her services with integrity and
objectivity. There must be reasonable assurance that this
is being done during the Page 4 of 5 engagement. What
must an accountant do to be in compliance with the
generally accepted auditing standards?
a. Be independent in fact.
b. Be independent in appearance.
c. Both.
d. Neither - ...ANSWER...✓✓C
,2|Page
To whom does the AICPA Code of Professional Conduct
apply:
a. Members in Public practice
b. Members in Industry
c. Members in Government
d. Members in Education
e. All of the above - ...ANSWER...✓✓E
T/F: According to AICPA Code of Professional Conduct, a
CPA may receive a contingent fee for performing an audit
of a financial statement? - ...ANSWER...✓✓False
AICPA members should act in a way that will:
a. Serve the public interest
b. Honor the public trust
c. Demonstrate commitment to professionalism
d. All of the above
e. None of the above. - ...ANSWER...✓✓D
,3|Page
Regarding the fees of registered independent accounting
firms on a audit engagement the following is true:
A. The firm may charge a client a commission based on
recovery received due to finding an issue on the
financials.
B. The firm may charge a flat fee for all work.
C. The firm may charge a fee based on the number of
errors it find in the clients financials.
D. The firm can receive commissions from third parties
for work performed on a client. - ...ANSWER...✓✓B
What is a positive way to maintain a quality relationship
with a client?
a. Have written fee agreements, with clearly defined
terms (i.e. billing) and, if needed, provide cost estimates.
b. Complete work at agreed upon deadlines.
c. Use appropriate phone protocol to maintain
confidentiality with clients.
d. Monitor quality of all work, including drafts as well as
client status reports.
e. All of the above. - ...ANSWER...✓✓E
, 4|Page
Which of the following organizations licenses CPAs:
a. AICPA.
b. Texas Society of CPAs.
c. Texas State Board of Public Accountancy.
d. All of the above.
e. None of the above. - ...ANSWER...✓✓C
A member of the AICPA must:
a. Undertake only those professional services that the
member or member's firm can reasonably expect to be
completed with professional competence.
b. Exercise due professional care in the performance of
professional services.
c. Adequately plan and supervise the performance of
professional services.
d. All of the above. - ...ANSWER...✓✓D
T/F: The enforcement division of TSBPA may take legal
action against a CPA that fails to follow the Board's rules.
- ...ANSWER...✓✓True
Latest AICPA Ethics Exam 2025 With 200 Exam Prep
Questions And Correct Verified Answers/ AICPA
Ethics/Code Of Professional Conduct Test 2025 (New!)
Which of the following are not example of stakeholders?
A.Employees
B. Customers
C. Suppliers
D. Borrowers
E. All above could be stakeholders - ...ANSWER...✓✓E
According to the AICPA Code of Professional Conduct,
Rule 101-Independence, an audit requires that an
individual perform his or her services with integrity and
objectivity. There must be reasonable assurance that this
is being done during the Page 4 of 5 engagement. What
must an accountant do to be in compliance with the
generally accepted auditing standards?
a. Be independent in fact.
b. Be independent in appearance.
c. Both.
d. Neither - ...ANSWER...✓✓C
,2|Page
To whom does the AICPA Code of Professional Conduct
apply:
a. Members in Public practice
b. Members in Industry
c. Members in Government
d. Members in Education
e. All of the above - ...ANSWER...✓✓E
T/F: According to AICPA Code of Professional Conduct, a
CPA may receive a contingent fee for performing an audit
of a financial statement? - ...ANSWER...✓✓False
AICPA members should act in a way that will:
a. Serve the public interest
b. Honor the public trust
c. Demonstrate commitment to professionalism
d. All of the above
e. None of the above. - ...ANSWER...✓✓D
,3|Page
Regarding the fees of registered independent accounting
firms on a audit engagement the following is true:
A. The firm may charge a client a commission based on
recovery received due to finding an issue on the
financials.
B. The firm may charge a flat fee for all work.
C. The firm may charge a fee based on the number of
errors it find in the clients financials.
D. The firm can receive commissions from third parties
for work performed on a client. - ...ANSWER...✓✓B
What is a positive way to maintain a quality relationship
with a client?
a. Have written fee agreements, with clearly defined
terms (i.e. billing) and, if needed, provide cost estimates.
b. Complete work at agreed upon deadlines.
c. Use appropriate phone protocol to maintain
confidentiality with clients.
d. Monitor quality of all work, including drafts as well as
client status reports.
e. All of the above. - ...ANSWER...✓✓E
, 4|Page
Which of the following organizations licenses CPAs:
a. AICPA.
b. Texas Society of CPAs.
c. Texas State Board of Public Accountancy.
d. All of the above.
e. None of the above. - ...ANSWER...✓✓C
A member of the AICPA must:
a. Undertake only those professional services that the
member or member's firm can reasonably expect to be
completed with professional competence.
b. Exercise due professional care in the performance of
professional services.
c. Adequately plan and supervise the performance of
professional services.
d. All of the above. - ...ANSWER...✓✓D
T/F: The enforcement division of TSBPA may take legal
action against a CPA that fails to follow the Board's rules.
- ...ANSWER...✓✓True
