AICPA ETHICS EXAM LATEST
ANSWER ALL QUESTIONS IN THIS SECTION
QUESTION 1
Rules for Members in Public Practice - ANSWERS-Integrity and Objectivity
Independence
General Standards
Compliance with Standards
Accounting Principles
Acts Discreditable
Fees and Other Types of Remuneration
Advertising and Other Forms of Solicitation
Confidential Information
Form of Organization and Name
QUESTION 2
Rules for Members in Business - ANSWERS-Integrity and Objectivity
General Standards
Compliance with Standards
Accounting Principles
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, AICPA ETHICS EXAM LATEST
Acts Discreditable
Other Members
Acts Discreditable
QUESTION 3
Interpretations - ANSWERS-The code provides interpretations of each of the rules
of conduct. Provides guidelines to members on scope and application.
Members are required to apply these interpretations unless they can justify
noncompliance.
QUESTION 4
Integrity and Objectivity - ANSWERS-- maintain objectivity and integrity
- be free of conflicts of interest
- shall not knowingly misrepresent facts or subordinate his or her judgment to
others
Integrity: honest and candid; measured in terms of what is right and just
QUESTION 5
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, AICPA ETHICS EXAM LATEST
Helping Hands Case Study - ANSWERS--an organization that is under financial
duress may have strong incentives to "bend the rules"
-plan was to "temporarily be relieved of debt" until financial statements can be
made and appear good ("goodwill gesture"/legal)
It's legal, but is it ethical?
Objections:
-manipulating financial statements is a violation of "integrity and objectivity rule"
regarding false and misleading information
-material changes to financial statements are a form of deceit
-changes could affect user's decision about whether to continue donations
-making change may not break any laws, but it is unethical
Never subordinate your judgment to another person, even if that person is in a
position of authority over you
QUESTION 6
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3
ANSWER ALL QUESTIONS IN THIS SECTION
QUESTION 1
Rules for Members in Public Practice - ANSWERS-Integrity and Objectivity
Independence
General Standards
Compliance with Standards
Accounting Principles
Acts Discreditable
Fees and Other Types of Remuneration
Advertising and Other Forms of Solicitation
Confidential Information
Form of Organization and Name
QUESTION 2
Rules for Members in Business - ANSWERS-Integrity and Objectivity
General Standards
Compliance with Standards
Accounting Principles
END OF
PAGE
1
, AICPA ETHICS EXAM LATEST
Acts Discreditable
Other Members
Acts Discreditable
QUESTION 3
Interpretations - ANSWERS-The code provides interpretations of each of the rules
of conduct. Provides guidelines to members on scope and application.
Members are required to apply these interpretations unless they can justify
noncompliance.
QUESTION 4
Integrity and Objectivity - ANSWERS-- maintain objectivity and integrity
- be free of conflicts of interest
- shall not knowingly misrepresent facts or subordinate his or her judgment to
others
Integrity: honest and candid; measured in terms of what is right and just
QUESTION 5
END OF
PAGE
2
, AICPA ETHICS EXAM LATEST
Helping Hands Case Study - ANSWERS--an organization that is under financial
duress may have strong incentives to "bend the rules"
-plan was to "temporarily be relieved of debt" until financial statements can be
made and appear good ("goodwill gesture"/legal)
It's legal, but is it ethical?
Objections:
-manipulating financial statements is a violation of "integrity and objectivity rule"
regarding false and misleading information
-material changes to financial statements are a form of deceit
-changes could affect user's decision about whether to continue donations
-making change may not break any laws, but it is unethical
Never subordinate your judgment to another person, even if that person is in a
position of authority over you
QUESTION 6
END OF
PAGE
3
