Ethics Test 1
1. An unethical act:
a. Is usually illegal as well
b. Is now not always illegal
c. Must, at minimum, violate a central authority law
d. Is determined for the accounting career with the aid of the FASB - ANS-b. Is now not
necessarily unlawful
1. The AICPA's Code of Professional Conduct establishes:
a. The policies of behavior for structuring and accomplishing audits and different attestation
engagements
b. The rules of behavior for engaging in audits, however no different kinds of attestation
c. The regulations for resolving technical judgments in attaining a honest presentation of
financial statements
d. The normative rules of moral behavior that manual professional accountants - ANS-d. The
normative rules of ethical behavior that manual professional accountants
10. Creation of the PCAOB turned into an critical event within the improvement of the
accounting profession because it altered the accounting profession's historic policy of
self-regulation in the region of:
a. Internal auditing
b. Tax go back preparation
c. Tax advocacy on behalf of clients accused of fraud
d. External auditing of publicly-traded businesses - ANS-d. External auditing of
publicly-traded organizations
10. The regulations of the AICPA are required to be:
a. Identical to the regulations of the IFAC
b. Developed through the international professional accounting network through IFAC and
then implemented through the IFAC to expert accountants training inside the United States
c. More rigorous than IFAC's policies due to the mandates imposed by using American stock
trade buying and selling rules
d. Never more lenient that the guidelines of the IFAC - ANS-d. Never more lenient that the
rules of the IFAC
eleven. According to the Responsibility Principle of the AICPA's Code of Professional
Conduct, accountants need to constantly:
a. Make sensitive ethical judgments
b. Pursue the public hobby
c. Maintain customer confidentiality
d. Use the best degree of care in appearing all professional sports - ANS-a. Make touchy
ethical judgments
, eleven. Normative ethics focuses on:
a. How human beings normally behave
b. How human beings have been determined to act, based totally on one or greater empirical
research
c. How humans must behave
d. The conduct of accountants this is most widely wide-spread of their profession - ANS-c.
How human beings should behave
12. A CPA who is a member of the AICPA failed to abide by using the AICPA's Code of
Professional Conduct. The state in which she practices accounting requires all CPAs to
abide via "all professional standards." This CPA's license to exercise accounting will
probably be:
a. Suspended
b. Revoked
c. Not affected
d. All of the above - ANS-d. All of the above
12. According to the Objectivity and Independence Principle of the AICPA's Code of
Professional Conduct, accountants have to always be independent in offering:
a. All expert offerings
b. All services to their organisation
c. All audit services
d. All tax advisory services - ANS-c. All audit services
13. A CPA who is not a member of the AICPA failed to abide with the aid of the AICPA's
Code of Professional Conduct. The kingdom wherein she practices accounting requires all
CPAs to abide via "all expert standards." This CPA's license to practice accounting will
probably be:
a. Suspended
b. Revoked
c. Not affected
d. All of the above - ANS-d. All of the above
13. Kohlberg's three tiers of ethical development, in order, cognizance on:
a. Self-interest, achieving justice, and reaching peer approval
b. Self-interest, adhering to principles over legal guidelines, and gaining knowledge of to
disregard the need for peer approval
c. The avoidance of punishment, compliance with laws, and compliance with societal
expectations
d. Self-hobby, reaching peer approval, and the pursuit of justice - ANS-d. Self-interest,
attaining peer approval, and the pursuit of justice
14. A CPA who is a member of the AICPA failed to abide by using the AICPA's Code of
Professional Conduct. The country wherein she practices accounting calls for all CPAs to
abide through "all professional requirements." This country requirement mandates that the
CPA comply with:
a. Generally usual accounting principles
b. Generally frequent auditing requirements
1. An unethical act:
a. Is usually illegal as well
b. Is now not always illegal
c. Must, at minimum, violate a central authority law
d. Is determined for the accounting career with the aid of the FASB - ANS-b. Is now not
necessarily unlawful
1. The AICPA's Code of Professional Conduct establishes:
a. The policies of behavior for structuring and accomplishing audits and different attestation
engagements
b. The rules of behavior for engaging in audits, however no different kinds of attestation
c. The regulations for resolving technical judgments in attaining a honest presentation of
financial statements
d. The normative rules of moral behavior that manual professional accountants - ANS-d. The
normative rules of ethical behavior that manual professional accountants
10. Creation of the PCAOB turned into an critical event within the improvement of the
accounting profession because it altered the accounting profession's historic policy of
self-regulation in the region of:
a. Internal auditing
b. Tax go back preparation
c. Tax advocacy on behalf of clients accused of fraud
d. External auditing of publicly-traded businesses - ANS-d. External auditing of
publicly-traded organizations
10. The regulations of the AICPA are required to be:
a. Identical to the regulations of the IFAC
b. Developed through the international professional accounting network through IFAC and
then implemented through the IFAC to expert accountants training inside the United States
c. More rigorous than IFAC's policies due to the mandates imposed by using American stock
trade buying and selling rules
d. Never more lenient that the guidelines of the IFAC - ANS-d. Never more lenient that the
rules of the IFAC
eleven. According to the Responsibility Principle of the AICPA's Code of Professional
Conduct, accountants need to constantly:
a. Make sensitive ethical judgments
b. Pursue the public hobby
c. Maintain customer confidentiality
d. Use the best degree of care in appearing all professional sports - ANS-a. Make touchy
ethical judgments
, eleven. Normative ethics focuses on:
a. How human beings normally behave
b. How human beings have been determined to act, based totally on one or greater empirical
research
c. How humans must behave
d. The conduct of accountants this is most widely wide-spread of their profession - ANS-c.
How human beings should behave
12. A CPA who is a member of the AICPA failed to abide by using the AICPA's Code of
Professional Conduct. The state in which she practices accounting requires all CPAs to
abide via "all professional standards." This CPA's license to exercise accounting will
probably be:
a. Suspended
b. Revoked
c. Not affected
d. All of the above - ANS-d. All of the above
12. According to the Objectivity and Independence Principle of the AICPA's Code of
Professional Conduct, accountants have to always be independent in offering:
a. All expert offerings
b. All services to their organisation
c. All audit services
d. All tax advisory services - ANS-c. All audit services
13. A CPA who is not a member of the AICPA failed to abide with the aid of the AICPA's
Code of Professional Conduct. The kingdom wherein she practices accounting requires all
CPAs to abide via "all expert standards." This CPA's license to practice accounting will
probably be:
a. Suspended
b. Revoked
c. Not affected
d. All of the above - ANS-d. All of the above
13. Kohlberg's three tiers of ethical development, in order, cognizance on:
a. Self-interest, achieving justice, and reaching peer approval
b. Self-interest, adhering to principles over legal guidelines, and gaining knowledge of to
disregard the need for peer approval
c. The avoidance of punishment, compliance with laws, and compliance with societal
expectations
d. Self-hobby, reaching peer approval, and the pursuit of justice - ANS-d. Self-interest,
attaining peer approval, and the pursuit of justice
14. A CPA who is a member of the AICPA failed to abide by using the AICPA's Code of
Professional Conduct. The country wherein she practices accounting calls for all CPAs to
abide through "all professional requirements." This country requirement mandates that the
CPA comply with:
a. Generally usual accounting principles
b. Generally frequent auditing requirements
