AICPA Ethics Rules & CPA Exam
Questions And Answers
Which bof bthe bfollowing bare bnot bexample bof bstakeholders?
A.Employees
B. bCustomers
C. bSuppliers
D. bBorrowers
E. bAll babove bcould bbe bstakeholders b- bcorrect banswers✔✔E
According bto bthe bAICPA bCode bof bProfessional bConduct, bRule b101-Independence,
ban baudit brequires bthat ban bindividual bperform bhis bor bher bservices bwith bintegrity
band bobjectivity. bThere bmust bbe breasonable bassurance bthat bthis bis bbeing bdone
bduring bthe bPage b4 bof b5 bengagement. bWhat bmust ban baccountant bdo bto bbe bin
bcompliance bwith bthe bgenerally baccepted bauditing bstandards?
a. bBe bindependent bin bfact.
b. bBe bindependent bin bappearance.
c. bBoth.
d. bNeither b- bcorrect banswers✔✔C
To bwhom bdoes bthe bAICPA bCode bof bProfessional bConduct bapply:
a. bMembers bin bPublic bpractice
b. bMembers bin bIndustry
c. bMembers bin bGovernment
d. bMembers bin bEducation
e. bAll bof bthe babove b- bcorrect banswers✔✔E
T/F: bAccording bto bAICPA bCode bof bProfessional bConduct, ba bCPA bmay breceive ba
bcontingent bfee bfor bperforming ban baudit bof ba bfinancial bstatement? b- bcorrect
banswers✔✔False
AICPA bmembers bshould bact bin ba bway bthat bwill:
a. bServe bthe bpublic binterest
b. bHonor bthe bpublic btrust
c. bDemonstrate bcommitment bto bprofessionalism
d. bAll bof bthe babove
Questions And Answers
Which bof bthe bfollowing bare bnot bexample bof bstakeholders?
A.Employees
B. bCustomers
C. bSuppliers
D. bBorrowers
E. bAll babove bcould bbe bstakeholders b- bcorrect banswers✔✔E
According bto bthe bAICPA bCode bof bProfessional bConduct, bRule b101-Independence,
ban baudit brequires bthat ban bindividual bperform bhis bor bher bservices bwith bintegrity
band bobjectivity. bThere bmust bbe breasonable bassurance bthat bthis bis bbeing bdone
bduring bthe bPage b4 bof b5 bengagement. bWhat bmust ban baccountant bdo bto bbe bin
bcompliance bwith bthe bgenerally baccepted bauditing bstandards?
a. bBe bindependent bin bfact.
b. bBe bindependent bin bappearance.
c. bBoth.
d. bNeither b- bcorrect banswers✔✔C
To bwhom bdoes bthe bAICPA bCode bof bProfessional bConduct bapply:
a. bMembers bin bPublic bpractice
b. bMembers bin bIndustry
c. bMembers bin bGovernment
d. bMembers bin bEducation
e. bAll bof bthe babove b- bcorrect banswers✔✔E
T/F: bAccording bto bAICPA bCode bof bProfessional bConduct, ba bCPA bmay breceive ba
bcontingent bfee bfor bperforming ban baudit bof ba bfinancial bstatement? b- bcorrect
banswers✔✔False
AICPA bmembers bshould bact bin ba bway bthat bwill:
a. bServe bthe bpublic binterest
b. bHonor bthe bpublic btrust
c. bDemonstrate bcommitment bto bprofessionalism
d. bAll bof bthe babove