AICPA CODE of Conduct 2 UPDATED ACTUAL Questions and CORRECT Answers

AICPA CODE of Conduct 2 UPDATED ACTUAL Questions and
CORRECT Answers


1. According to the AICPA Code of Professional Conduct, C
a CPA's independence from a nonissuer client would
most likely be impaired if the CPA
A.
Accepted any gift from a client.
B.
Became a member of a trade association that is a
client.
C.
Contracted with a client to supervise the client's office
personnel.
D.
Attended meetings of the client's board of directors as
a nonvoting advisor.

2. According to the AICPA Code of Professional Conduct, B
which of the following positions would be considered
a key position with an audit client?
A.
A marketing position related to the client's primary
products.
B.
A policy-making position in the client's finance divi-
sion.
C.
A staff position in the client's research and develop-
ment division.
D.
A senior position in the client's human resources divi-
sion

,3. A






, A CPA who is not in public practice is obligated to follow
which of the following rules of conduct?
A.
Independence.
B.
Integrity and objectivity.
C.
Contingent fees.
D.
Commissions.

4. According to the AICPA Code of Professional Conduct, A
which of the following events may justify a departure
from GAAP?

New legislationEvolution of a new formof business
transaction

A.
YesYes
B.
YesNo
C.
NoYes
D.
NoNo

5. According to the AICPA Code of Professional Conduct, C
an auditor's independence from a nonissuer client is
considered impaired if the auditor has
A.
An immaterial, indirect financial interest in a client.