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CPA Ethics Exam 2026(NEW UPDATED VERSION) LATEST ACTUAL EXAM QUESTIONS AND CORRECT
ANSWERS (VERIFIED QUESTIONS AND ANSWERS)- GUARANTEED PASS A+ UPDATED
Which category contains the ethical standards, a
violation of which makes a member liable to disciplinary
action?
(a) Ethics Rulings.
(b) Interpretations of the Rules.
(c) Rules. - CORRECT ANSWER (c) is the conect answer. Code of
Professional
Conduct, Strncture, says that infraction of any of the rules makes a member
liable to disciplinary action.
(a) is wrong since members who depart from the
guidance in ethical rulings in similar circumstances
will be asked to justify such departure. They cannot
however be charged with violating a ruling.
(b) is also wrong since a member cannot be
charged with violating an interpretation. In a disciplina1y
hearing where the member was charged with
violating a rnle, the member would have the burden of justifying any departure
from interpretations ofthat rule.
QUESTION : The Trial Board may, after a hearing, do two of the
three things listed below. Mark the one that the Trial
Board cannot do.
(a) Suspend a member.
(b) Suspend the member's CPA certificate.
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( c) Expel a member. - CORRECT ANSWER (b) is the correct answer.
Code of Professional
Conduct, Enforcement, says a Trial Board may
admonish, suspend or expel a member. The Trial
Board has no jurisdiction over a member's CPA
certificate.
QUESTION : Which of the following requires that any changes in
them be approved by the members of the AICPA?
(a) Rules and interpretations of the rules.
(b) Principles and rules.
(c) Principles, rules and interpretations of the rules. - CORRECT ANSWER
(b) is correct. Code of Professional Conduct,
Structure, says that Principles and Rules must be
approved by the AI CPA members.
(a) is wrong and ...
( c) is wrong since interpretations are prepared and issued by the Professional
Ethics Executive Committee without obtaining approval by the members.
QUESTION : The results of a guilty finding by a Trial Board will
be:
(a) published by the AICPA, but the member 's name will not be disclosed.
(b) published by the AICPA. and the member 's name will be disclosed if the Trial
Board votes to do
so.
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(c) published by the AICPA with the member 's
name given. - CORRECT ANSWER (c) is correct. Code of Professional
Conduct,
Enforcement says that Trial Board convictions must
be published with the member's name disclosed.
(a) is then wrong since the name must be disclosed.
(b) is also wrong since the Trial Board does not have the option of deciding
whether or not the member's name will be disclosed.
QUESTION : An interpretation or ethics ruling usually becomes
effective:
(a) the first day of the month following the
month it is published in the Journal of Accountancy.
(b) two weeks after it is published in The CPA
Letter.
(c) the last day of the month in which it is
published in the Journal of Accountancy. - CORRECT ANSWER (c) is
corect. Code of Professional Conduct,
Structure, says that interpretations and rulings are
normally effective the last day of the month they are published in the Journal of
Accountancy.
(a) and (b) are therefore wrong.
QUESTION : A CPA in public practice ______________ avoid operating
under a code of professional ethics by choosing not
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to join either the AICPA or any state CPA society.
(a) may
(b) may not - CORRECT ANSWER (b) is correct. Code of Professional
Conduct, Coverage, says that no CPA practicing public accounting may avoid
operating under a code of ethics. The CPA may not join the AI CPA or his or her
state CPA society and therefore would not be subject to their codes of ethics.
The CPA, however, cannot avoid being subject to his or her state board of
accountancy's code of ethics
QUESTION : The accounting profession 's public includes
(a) Governmental agencies.
(b) Credit grantors.
(c) Investors.
(d) All of the above - CORRECT ANSWER (d) is the correct answer. As
(see Article II) the
CPA's public includes everyone that relies on them. This then would include
(a) governmental agencies,
(b) credit grantors and
(c) investors.
QUESTION : Compliance with the AICPA Code of Professional
Conduct depends primarily on:
(a) Public opinion and reinforcement of one's attestation peers.
(b) Disciplinary proceedings when the code is
violated.
practice exam 2026
CPA Ethics Exam 2026(NEW UPDATED VERSION) LATEST ACTUAL EXAM QUESTIONS AND CORRECT
ANSWERS (VERIFIED QUESTIONS AND ANSWERS)- GUARANTEED PASS A+ UPDATED
Which category contains the ethical standards, a
violation of which makes a member liable to disciplinary
action?
(a) Ethics Rulings.
(b) Interpretations of the Rules.
(c) Rules. - CORRECT ANSWER (c) is the conect answer. Code of
Professional
Conduct, Strncture, says that infraction of any of the rules makes a member
liable to disciplinary action.
(a) is wrong since members who depart from the
guidance in ethical rulings in similar circumstances
will be asked to justify such departure. They cannot
however be charged with violating a ruling.
(b) is also wrong since a member cannot be
charged with violating an interpretation. In a disciplina1y
hearing where the member was charged with
violating a rnle, the member would have the burden of justifying any departure
from interpretations ofthat rule.
QUESTION : The Trial Board may, after a hearing, do two of the
three things listed below. Mark the one that the Trial
Board cannot do.
(a) Suspend a member.
(b) Suspend the member's CPA certificate.
practice exam 2026
,2|Page
( c) Expel a member. - CORRECT ANSWER (b) is the correct answer.
Code of Professional
Conduct, Enforcement, says a Trial Board may
admonish, suspend or expel a member. The Trial
Board has no jurisdiction over a member's CPA
certificate.
QUESTION : Which of the following requires that any changes in
them be approved by the members of the AICPA?
(a) Rules and interpretations of the rules.
(b) Principles and rules.
(c) Principles, rules and interpretations of the rules. - CORRECT ANSWER
(b) is correct. Code of Professional Conduct,
Structure, says that Principles and Rules must be
approved by the AI CPA members.
(a) is wrong and ...
( c) is wrong since interpretations are prepared and issued by the Professional
Ethics Executive Committee without obtaining approval by the members.
QUESTION : The results of a guilty finding by a Trial Board will
be:
(a) published by the AICPA, but the member 's name will not be disclosed.
(b) published by the AICPA. and the member 's name will be disclosed if the Trial
Board votes to do
so.
practice exam 2026
,3|Page
(c) published by the AICPA with the member 's
name given. - CORRECT ANSWER (c) is correct. Code of Professional
Conduct,
Enforcement says that Trial Board convictions must
be published with the member's name disclosed.
(a) is then wrong since the name must be disclosed.
(b) is also wrong since the Trial Board does not have the option of deciding
whether or not the member's name will be disclosed.
QUESTION : An interpretation or ethics ruling usually becomes
effective:
(a) the first day of the month following the
month it is published in the Journal of Accountancy.
(b) two weeks after it is published in The CPA
Letter.
(c) the last day of the month in which it is
published in the Journal of Accountancy. - CORRECT ANSWER (c) is
corect. Code of Professional Conduct,
Structure, says that interpretations and rulings are
normally effective the last day of the month they are published in the Journal of
Accountancy.
(a) and (b) are therefore wrong.
QUESTION : A CPA in public practice ______________ avoid operating
under a code of professional ethics by choosing not
practice exam 2026
, 4|Page
to join either the AICPA or any state CPA society.
(a) may
(b) may not - CORRECT ANSWER (b) is correct. Code of Professional
Conduct, Coverage, says that no CPA practicing public accounting may avoid
operating under a code of ethics. The CPA may not join the AI CPA or his or her
state CPA society and therefore would not be subject to their codes of ethics.
The CPA, however, cannot avoid being subject to his or her state board of
accountancy's code of ethics
QUESTION : The accounting profession 's public includes
(a) Governmental agencies.
(b) Credit grantors.
(c) Investors.
(d) All of the above - CORRECT ANSWER (d) is the correct answer. As
(see Article II) the
CPA's public includes everyone that relies on them. This then would include
(a) governmental agencies,
(b) credit grantors and
(c) investors.
QUESTION : Compliance with the AICPA Code of Professional
Conduct depends primarily on:
(a) Public opinion and reinforcement of one's attestation peers.
(b) Disciplinary proceedings when the code is
violated.
practice exam 2026
