AICPA Ethics Exam Study Guide with complete solutions | Latest 2025/2026 Update.

AICPA Ethics Exam Study Guide with i,- i,- i,- i,- i,- i,-




complete solutions | Latest 2025/2026 i,- i,- i,- i,- i,-




Update.

State CPA Licensing Boards
i,- i,- i,- i,-i,- i,- Issues CPA licenses and oversee
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ethical conduct of jurisdiction
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AICPA i,-i,- i,- American Institute of Certified Public Accountants
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national professional organization for all CPAs; work with state
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CPA societies
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-PEEC: Professional Ethics Executive Committee promulgates and
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enforces ethics and independence rules that apply to all members
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SECi,-i,- i,- Securities and Exchange Commission i,- i,- i,-




federal agency i,-




establishes and enforces accounting and auditing policies
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PCAOB i,-i,- i,- Public Company Accounting Oversight Board
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,establishes auditing, attestation, quality control, ethics and
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independence standards for public company auditors i,- i,- i,- i,- i,-




IFACi,-i,- i,- International Federation of Accountants i,- i,- i,-




develop standards for auditing, education, ethics, and public
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sector financial reporting in the accounting profession globally
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promotes good ethical practices i,- i,- i,-




Ethical Decision Making Model
i,- helps you actively work i,- i,- i,-i,- i,- i,- i,- i,- i,-



through gray area and choose the best possible solution to an
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ethical dilema i,-




Step 1: Recognize the ethical issue
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Step 2: Gather the critical facts
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Step 3: Identify the stakeholders
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Step 4: Consider your alternatives
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Step 5: Consider the effect on stakeholders
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Step 6: Consider your comfort level
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Step 7: Consider rules, regulations and laws
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Step 8: Make a decision
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, Step 9: Document your efforts
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Step 10: Evaluate the outcome
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Step 1 i,- i,-i,- i,- Recognize the ethical issue i,- i,- i,-




Step 2 i,- i,-i,- i,- Gather the critical factsi,- i,- i,-




-you may not have all the facts, but you need the key ones
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(material)


Step 3 i,- i,-i,- i,- Identify the stakeholders i,- i,-




-who is affected by your decisions/actions
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-consider as many as possible i,- i,- i,- i,-




Step 4 i,- i,-i,- i,- Consider your alternatives i,- i,-




-approaches you could take to address this matter and resolve
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the ethical conflict
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Step 5 i,- i,-i,- i,- Consider the effect on stakeholders i,- i,- i,- i,-