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Exam (elaborations) AICPA Ethics Code

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AICPA Ethics Exam Questions with
100% CORRECT ANSWERS LATEST
2024 A+ GRADED

, 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

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