AICPA Ethics Final Exam-Prep | Questions with Approved Answers | Latest 2025/2026 Update.

AICPA Ethics Final Exam-Prep | i,- i,- i,- i,- i,-




Questions with Approved Answers | i,- i,- i,- i,- i,-




Latest 2025/2026 Update. i,- i,-




The AICPA Code of Professional Conduct provides practical
i,- i,- i,- i,- i,- i,- i,- i,-



guidance to only members in public practice
i,- False, The AICPA
i,- i,- i,- i,- i,- i,-i,- i,- i,- i,- i,-



Code provides practice guidance for all members.
i,- i,- i,- i,- i,- i,-




Under the Rules of Professional Conduct promulgated under the
i,- i,- i,- i,- i,- i,- i,- i,- i,-



Texas Public Accountancy Act, all of the rules of professional
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-



conduct shall apply to and must be observed by a certificate or
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-



registration holder engaged in the client practice of public
i,- i,- i,- i,- i,- i,- i,- i,- i,-



accountancy. True, Correct under Rule 501.53(a), Applicability
i,-i,- i,- i,- i,- i,- i,- i,- i,-



of Rules of Professional Conduct.
i,- i,- i,- i,-




Integrity as defined in the AICPA Code of Conduct is an element
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-



of character fundamental to professional recognition
i,- True
i,- i,- i,- i,- i,-i,- i,-




The characteristics common to all profession include existence of
i,- i,- i,- i,- i,- i,- i,- i,- i,-



a complex body of knowledge and acknowledgement of a
i,- i,- i,- i,- i,- i,- i,- i,- i,-



responsibility to serve the client. False, responsibility to servei,- i,- i,- i,- i,-i,- i,- i,- i,- i,- i,-



the public i,-

,Membership in the AICPA is voluntary, but by accepting
i,- i,- i,- i,- i,- i,- i,- i,- i,-



membership, a CPA assumes an obligation of self-discipline and
i,- i,- i,- i,- i,- i,- i,- i,- i,-



agrees to adhere to the Code.
i,- True
i,- i,- i,- i,- i,-i,- i,-




The AICPA Code of Professional Conduct begins with a preface
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-



that applies to all members.
i,- True i,- i,- i,- i,-i,- i,-




The Responsibilities principle of the AICPA Code of Conduct
i,- i,- i,- i,- i,- i,- i,- i,- i,-



requires that service and public trust not be subordinated to
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-



personal gain and advantage.
i,- False, This is integrity
i,- i,- i,-i,- i,- i,- i,- i,-




The AICPA Code of Professional Conduct provides assurance to
i,- i,- i,- i,- i,- i,- i,- i,- i,-



clients and to the public that the professional intends to maintain
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-



high standards.
i,- True i,-i,- i,-




Generally, ethical dilemmas are not routine. Therefore, there is no
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-



way that an individual can be prepared or informed for a problem
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-



ahead of time. i,- False, It is important that you do your
i,- i,-i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-



homework and understand how to protect yourself and your
i,- i,- i,- i,- i,- i,- i,- i,- i,-



employer. This will give you a "head's up" when you face
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-



potential ethical dilemmas i,- i,-

, PCAOB set auditing, quality control, ethics, independence and
i,- i,- i,- i,- i,- i,- i,- i,-



other standards relating to the preparation of audit reports.
i,- i,- i,- i,- i,- i,- i,- i,- i,-i,- i,-



False, Only for Issuers i,- i,- i,-




The AICPA bylaws require that members adhere to the rules in the
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-



Code. True i,-i,- i,-




The American Institute of Certified Public Accountants has been
i,- i,- i,- i,- i,- i,- i,- i,- i,-



the primary ethical rules for internal auditors.
i,- False i,- i,- i,- i,- i,- i,-i,- i,-




Members employed by others to prepare financial statements or
i,- i,- i,- i,- i,- i,- i,- i,- i,-



to perform auditing must adhere to the objectivity and
i,- i,- i,- i,- i,- i,- i,- i,- i,-



independence principle in the AICPA Code of Conduct False, i,- i,- i,- i,- i,- i,- i,- i,-i,- i,- i,-



They are charged with the same responsibility for objectivity as
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-



members in public practice i,- i,- i,-




The AICPA Code of Professional Conduct derives its authority
i,- i,- i,- i,- i,- i,- i,- i,- i,-



from specific federal legislation.
i,- False, The AICPA Code of i,- i,- i,-i,- i,- i,- i,- i,- i,- i,-



Professional Conduct derives its authority from the Bylaws of the i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-



AICPA.


An ethical dilemma is defined as a situation where two or more
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-



"right" values are in conflict true
i,- i,- i,- i,- i,-i,- i,-