CPA ethics course Questions And Answers 2022/2023

To address an ethical matter and make good judgments, you must first be able to recognize issues when they arise. * Answer-This means being familiar with the profession's body of rules and regulations from the American Institute of Certified Public Accountants, your local state accountancy board, which issues your license to practice, and other sources of regulation. This also means staying attuned to potential ethical "warning signs." ethical decision making model * Answer-1. recognize the ethical issue 2. gather the critical facts 3. identify the stakeholders 4. consider your alternatives 5. consider the effect on stakeholders 6. consider your comfort level 7 consider rules, regulations and laws 8. make a decision 9. document your effort