AICPA Ethics Exam/ AICPA Ethics Code Exam/ AICPA
Professional Ethical Standards 3 SETS COMBINED WITH
COMPLETE SOLUTION UPDATED NEW!! 2025/2026 100%
VERIFIED CORRECT
Ethical Decision Making Model - Ans helps you ac vely work through gray area and choose the
best possible solu on to an ethical dilema
Step 1: Recognize the ethical issue
Step 2: Gather the cri cal facts
Step 3: Iden fy the stakeholders
Step 4: Consider your alterna ves
Step 5: Consider the effect on stakeholders
Step 6: Consider your comfort level
Step 7: Consider rules, regula ons and laws
Step 8: Make a decision
Step 9: Document your efforts
Step 10: Evaluate the outcome
Step 1 - Ans Recognize the ethical issue
Step 2 - Ans Gather the cri cal facts
-you may not have all the facts, but you need the key ones (material)
,Step 3 - Ans Iden fy the stakeholders
-who is affected by your decisions/ac ons
-consider as many as possible
Step 4 - Ans Consider your alterna ves
-approaches you could take to address this ma4er and resolve the ethical conflict
Step 5 - Ans Consider the effect on stakeholders
-effect of each alterna ve
Step 6 - Ans Consider your comfort level
-how comfortable are you with each op on
-how would you feel if you have to discuss your decision in public
Step 7 - Ans Consider rules, regula ons, and laws
-rules set by AICPA, state accountancy board, state CPA society
Step 8 - Ans Make a decision
-take the me you need
-discuss with colleague, gain perspec ves, counsel, don't be hasty
, Step 9 - Ans Document your efforts
-your understanding of the facts
-who you consulted with and their professional affilia ons
-your decision
Step 10 - Ans Evaluate the outcome
-would you have done anything differently
Professional & Regulatory Bodies - Ans set ethics standards and rules for members of the
accoun ng profession
State CPA licensing boards
AICPA
SEC
PCABO
IFAC
IRS
GAO
DOL
others
State CPA Licensing Boards - Ans issues CPA licesnes and oversee ethical conduct of jurisdic on
Professional Ethical Standards 3 SETS COMBINED WITH
COMPLETE SOLUTION UPDATED NEW!! 2025/2026 100%
VERIFIED CORRECT
Ethical Decision Making Model - Ans helps you ac vely work through gray area and choose the
best possible solu on to an ethical dilema
Step 1: Recognize the ethical issue
Step 2: Gather the cri cal facts
Step 3: Iden fy the stakeholders
Step 4: Consider your alterna ves
Step 5: Consider the effect on stakeholders
Step 6: Consider your comfort level
Step 7: Consider rules, regula ons and laws
Step 8: Make a decision
Step 9: Document your efforts
Step 10: Evaluate the outcome
Step 1 - Ans Recognize the ethical issue
Step 2 - Ans Gather the cri cal facts
-you may not have all the facts, but you need the key ones (material)
,Step 3 - Ans Iden fy the stakeholders
-who is affected by your decisions/ac ons
-consider as many as possible
Step 4 - Ans Consider your alterna ves
-approaches you could take to address this ma4er and resolve the ethical conflict
Step 5 - Ans Consider the effect on stakeholders
-effect of each alterna ve
Step 6 - Ans Consider your comfort level
-how comfortable are you with each op on
-how would you feel if you have to discuss your decision in public
Step 7 - Ans Consider rules, regula ons, and laws
-rules set by AICPA, state accountancy board, state CPA society
Step 8 - Ans Make a decision
-take the me you need
-discuss with colleague, gain perspec ves, counsel, don't be hasty
, Step 9 - Ans Document your efforts
-your understanding of the facts
-who you consulted with and their professional affilia ons
-your decision
Step 10 - Ans Evaluate the outcome
-would you have done anything differently
Professional & Regulatory Bodies - Ans set ethics standards and rules for members of the
accoun ng profession
State CPA licensing boards
AICPA
SEC
PCABO
IFAC
IRS
GAO
DOL
others
State CPA Licensing Boards - Ans issues CPA licesnes and oversee ethical conduct of jurisdic on
