AICPA ETHICS RULES & LATEST
CPA EXAM
ANSWER ALL QUESTIONS IN THIS SECTION
QUESTION 1
A member of the AICPA must:
a. Undertake only those professional services that the member or member's firm
can reasonably expect to be completed with professional competence.
b. Exercise due professional care in the performance of professional services.
c. Adequately plan and supervise the performance of professional services.
d. All of the above. - ANSWERS-D
QUESTION 2
T/F: The enforcement division of TSBPA may take legal action against a CPA that
fails to follow the Board's rules. - ANSWERS-True
QUESTION 3
What's new about the Online Code of Professional Conduct by the AICPA?
a. New restructured ethics code effective Dec 15, 2014
END OF
PAGE 1
, AICPA ETHICS RULES & LATEST
CPA EXAM
b. New section on changes of the code within the last 12 months (See 0.600)
c. Appendix C Revision History Table (Changes after Jun 1, 2014) and D:
Mapping Document (from new to old code)
d. All the above - ANSWERS-D
QUESTION 4
What established accounting principles must be followed and are enforceable
under the Code of Professional Conduct as designated by the AICPA?
A. Generally Accepted Accounting Principles (GAAP)
B. Financial Reporting Framework for Small- and Medium-Sized Entities (FRF)
C. International Accounting Standards (IAS)
D. International Financial Reporting Standards (IFRS) - ANSWERS-A
QUESTION 5
T/F: You'll have 24 months to pass all four CPA Exam sections with a minimum
score of 70. Is it true or false? - ANSWERS-False, 18 months with scores of 75+
END OF
PAGE 2
CPA EXAM
ANSWER ALL QUESTIONS IN THIS SECTION
QUESTION 1
A member of the AICPA must:
a. Undertake only those professional services that the member or member's firm
can reasonably expect to be completed with professional competence.
b. Exercise due professional care in the performance of professional services.
c. Adequately plan and supervise the performance of professional services.
d. All of the above. - ANSWERS-D
QUESTION 2
T/F: The enforcement division of TSBPA may take legal action against a CPA that
fails to follow the Board's rules. - ANSWERS-True
QUESTION 3
What's new about the Online Code of Professional Conduct by the AICPA?
a. New restructured ethics code effective Dec 15, 2014
END OF
PAGE 1
, AICPA ETHICS RULES & LATEST
CPA EXAM
b. New section on changes of the code within the last 12 months (See 0.600)
c. Appendix C Revision History Table (Changes after Jun 1, 2014) and D:
Mapping Document (from new to old code)
d. All the above - ANSWERS-D
QUESTION 4
What established accounting principles must be followed and are enforceable
under the Code of Professional Conduct as designated by the AICPA?
A. Generally Accepted Accounting Principles (GAAP)
B. Financial Reporting Framework for Small- and Medium-Sized Entities (FRF)
C. International Accounting Standards (IAS)
D. International Financial Reporting Standards (IFRS) - ANSWERS-A
QUESTION 5
T/F: You'll have 24 months to pass all four CPA Exam sections with a minimum
score of 70. Is it true or false? - ANSWERS-False, 18 months with scores of 75+
END OF
PAGE 2
