1
WGU D550 ETHICS FOR ACCOUNTANTS EXAM
QUESTIONS AND VERIFIED ANSWERS 2025
Jane finds a material misstatement while auditing a client's accounts receivables.
Her senior tells her to ignore the misstatement so that the client does not get
upset. Jane wants to be viewed as a team player in order to advance in the firm,
so Jane follows her senior's instructions and ignores the misstatement. Which
ethical theory did Jane use to make her decision? - correct-answer -egoism
Ethical relativism can best be described as - correct-answer -a point of view that
morality is relative to the norms of one's culture.
The Public Interest Principle in the AICPA Code of Professional Conduct recognizes
- correct-answer -the importance of integrity in decision making.
Objectivity requires that a CPA should - correct-answer -maintain a mental
attitude of intellectual honesty and impartiality.
The Independence Principle in the AICPA Code applies to - correct-answer -all
CPAs who render attestation services.
, 2
A CPA would violate the Due Care Principle if he/she - correct-answer -undertook
a professional engagement without having the requisite background, knowledge,
and experience.
Under the IMA's standards of ethical practice, an accounting professional can
consider informing authorities or individuals not employed by the organization
when an ethical dilemma occurs about an accounting or financial reporting matter
that remains unresolved if he/she - correct-answer -believes there is a clear
violation of the law.
Kelly is the controller of a small company. One day the CFO comes in and tells her
to lower the estimate of uncollectible accounts receivable. Kelly insists her
numbers are correct as is. The CFO tells her it will mean her job at the company if
she doesn't go along with the smaller estimate. The primary virtue that would
enable Kelly to resist the pressure to manipulate the number is - correct-answer -
integrity.
The most important duty of public accounting is to the - correct-answer -investing
public.
, 3
Bob is being pressured by his superior to go along with improper accounting and
told he is expected to be a team player. Which of the following statements best
characterizes those expectations? - correct-answer -loyalty
The cognitive development approach refers to - correct-answer -the thought
process followed in one's moral development.
Kohlberg's model can best be described as - correct-answer -the various phases in
one's moral development and related levels of moral reasoning.
Which concept is thought of in terms of equal opportunity that fits a person's
circumstances and abilities? - correct-answer -equity
Thorne's "Integrated Model of Ethical Decision Making" can best be described as -
correct-answer -a model of the role of moral development and virtue in decision
making.
In organizations, the ethical environment that is created in the workplace by the
organization's leadership is commonly called the - correct-answer -tone at the
top.
WGU D550 ETHICS FOR ACCOUNTANTS EXAM
QUESTIONS AND VERIFIED ANSWERS 2025
Jane finds a material misstatement while auditing a client's accounts receivables.
Her senior tells her to ignore the misstatement so that the client does not get
upset. Jane wants to be viewed as a team player in order to advance in the firm,
so Jane follows her senior's instructions and ignores the misstatement. Which
ethical theory did Jane use to make her decision? - correct-answer -egoism
Ethical relativism can best be described as - correct-answer -a point of view that
morality is relative to the norms of one's culture.
The Public Interest Principle in the AICPA Code of Professional Conduct recognizes
- correct-answer -the importance of integrity in decision making.
Objectivity requires that a CPA should - correct-answer -maintain a mental
attitude of intellectual honesty and impartiality.
The Independence Principle in the AICPA Code applies to - correct-answer -all
CPAs who render attestation services.
, 2
A CPA would violate the Due Care Principle if he/she - correct-answer -undertook
a professional engagement without having the requisite background, knowledge,
and experience.
Under the IMA's standards of ethical practice, an accounting professional can
consider informing authorities or individuals not employed by the organization
when an ethical dilemma occurs about an accounting or financial reporting matter
that remains unresolved if he/she - correct-answer -believes there is a clear
violation of the law.
Kelly is the controller of a small company. One day the CFO comes in and tells her
to lower the estimate of uncollectible accounts receivable. Kelly insists her
numbers are correct as is. The CFO tells her it will mean her job at the company if
she doesn't go along with the smaller estimate. The primary virtue that would
enable Kelly to resist the pressure to manipulate the number is - correct-answer -
integrity.
The most important duty of public accounting is to the - correct-answer -investing
public.
, 3
Bob is being pressured by his superior to go along with improper accounting and
told he is expected to be a team player. Which of the following statements best
characterizes those expectations? - correct-answer -loyalty
The cognitive development approach refers to - correct-answer -the thought
process followed in one's moral development.
Kohlberg's model can best be described as - correct-answer -the various phases in
one's moral development and related levels of moral reasoning.
Which concept is thought of in terms of equal opportunity that fits a person's
circumstances and abilities? - correct-answer -equity
Thorne's "Integrated Model of Ethical Decision Making" can best be described as -
correct-answer -a model of the role of moral development and virtue in decision
making.
In organizations, the ethical environment that is created in the workplace by the
organization's leadership is commonly called the - correct-answer -tone at the
top.
