AICPA Ethics Code Exam Verified
For 2025 With Accurate Questions
& Answers
Which step in the decision-making model is characterized by asking
the question, "Are these opinions consistent with applicable
professional ethics rules, regulations, and laws?"
A. Recognize ethical issues
B. Gather critical facts
C. Consider the effect on stakeholders
D. Consider rules, regulations, and laws - correct answers ✔✔D.
Consider rules, regulations, and laws
Step 7 asks this question. You may determine that the greatest benefit
and least amount of harm would likely result if you take a particular
course of action, but if that course of action is inconsistent with the
profession's rules of conduct, you may not ignore those rules.
Which step in the decision-making model is characterized by asking
the question, "If you had to discuss your decision in public, would you
be concerned about how it reflects on your ethics"
A. Recognize ethical issues
B. Consider your comfort level
C. Consider the effect on stake holders
,D. Consider rules, regulations, and laws - correct answers ✔✔B.
Consider your comfort level
Step 6 asks you to consider your comfort level. Before you make a
decision about the correct action when facing an ethical issue, you
should ask yourself some questions.
CPAs must follow the rules and standards promulgated by which
body?
A. AICPA
B. SEC
C. PCAOB
D. Your state CPA licensing board - correct answers ✔✔D. Your state
CPA licensing board
State CPA licensing boards are charged with issuing CPA licenses and
overseeing the ethical conduct of CPAs in 55 jurisdictions in the
United States. It is critically important for CPAs to know their state
board's requirements. If you are licensed by more than one state
board, you should familiarize yourself with each state's requirements.
As a professional CPA, I have the greatest responsibility to serve:
A. My clients
B. My best interest
C. The public's interest
D. My superior's interest - correct answers ✔✔C. Your primary
responsibility is to serve the public interest.
, As a professional CPA, I have a responsibility to maintain and broaden
public confidence by performing all my responsibilities with:
A. Integrity
B. Speed
C. Agility
D. Perfection - correct answers ✔✔A. Integrity
Integrity is one of the cornerstones of our profession.
I also must maintain my objectivity, be free of conflicts of interest,
and discharge all of my responsibilities with due...
A. Respect
B. Care
C. Diligence
D. Speed - correct answers ✔✔B. Care
Due care implies a certain level of quality and competence in the
performance of services.
Bob is a CPA who works as as senior accountant in a small but
diversified financial services company. Bob works for the parent
company (bank) in a division that makes business loans. His mother
has been offered a seat on the board of directors of a subsidiary
company that is an investment advisor.
Does Bob's situation cause a significant threat to Bob's integrity and
objectivity (conflict of interest)?
A. No. The bank and investment advisory firm are separate and
distinct businesses
For 2025 With Accurate Questions
& Answers
Which step in the decision-making model is characterized by asking
the question, "Are these opinions consistent with applicable
professional ethics rules, regulations, and laws?"
A. Recognize ethical issues
B. Gather critical facts
C. Consider the effect on stakeholders
D. Consider rules, regulations, and laws - correct answers ✔✔D.
Consider rules, regulations, and laws
Step 7 asks this question. You may determine that the greatest benefit
and least amount of harm would likely result if you take a particular
course of action, but if that course of action is inconsistent with the
profession's rules of conduct, you may not ignore those rules.
Which step in the decision-making model is characterized by asking
the question, "If you had to discuss your decision in public, would you
be concerned about how it reflects on your ethics"
A. Recognize ethical issues
B. Consider your comfort level
C. Consider the effect on stake holders
,D. Consider rules, regulations, and laws - correct answers ✔✔B.
Consider your comfort level
Step 6 asks you to consider your comfort level. Before you make a
decision about the correct action when facing an ethical issue, you
should ask yourself some questions.
CPAs must follow the rules and standards promulgated by which
body?
A. AICPA
B. SEC
C. PCAOB
D. Your state CPA licensing board - correct answers ✔✔D. Your state
CPA licensing board
State CPA licensing boards are charged with issuing CPA licenses and
overseeing the ethical conduct of CPAs in 55 jurisdictions in the
United States. It is critically important for CPAs to know their state
board's requirements. If you are licensed by more than one state
board, you should familiarize yourself with each state's requirements.
As a professional CPA, I have the greatest responsibility to serve:
A. My clients
B. My best interest
C. The public's interest
D. My superior's interest - correct answers ✔✔C. Your primary
responsibility is to serve the public interest.
, As a professional CPA, I have a responsibility to maintain and broaden
public confidence by performing all my responsibilities with:
A. Integrity
B. Speed
C. Agility
D. Perfection - correct answers ✔✔A. Integrity
Integrity is one of the cornerstones of our profession.
I also must maintain my objectivity, be free of conflicts of interest,
and discharge all of my responsibilities with due...
A. Respect
B. Care
C. Diligence
D. Speed - correct answers ✔✔B. Care
Due care implies a certain level of quality and competence in the
performance of services.
Bob is a CPA who works as as senior accountant in a small but
diversified financial services company. Bob works for the parent
company (bank) in a division that makes business loans. His mother
has been offered a seat on the board of directors of a subsidiary
company that is an investment advisor.
Does Bob's situation cause a significant threat to Bob's integrity and
objectivity (conflict of interest)?
A. No. The bank and investment advisory firm are separate and
distinct businesses
