AICPA Ethics Final Exam-Prep | i,- i,- i,- i,- i,-
Questions with Approved Answers | i,- i,- i,- i,- i,-
Latest 2025/2026 Update. i,- i,-
The AICPA Code of Professional Conduct provides practical
i,- i,- i,- i,- i,- i,- i,- i,-
guidance to only members in public practice
i,- False, The AICPA
i,- i,- i,- i,- i,- i,-i,- i,- i,- i,- i,-
Code provides practice guidance for all members.
i,- i,- i,- i,- i,- i,-
Under the Rules of Professional Conduct promulgated under the
i,- i,- i,- i,- i,- i,- i,- i,- i,-
Texas Public Accountancy Act, all of the rules of professional
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
conduct shall apply to and must be observed by a certificate or
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
registration holder engaged in the client practice of public
i,- i,- i,- i,- i,- i,- i,- i,- i,-
accountancy. True, Correct under Rule 501.53(a), Applicability
i,-i,- i,- i,- i,- i,- i,- i,- i,-
of Rules of Professional Conduct.
i,- i,- i,- i,-
Integrity as defined in the AICPA Code of Conduct is an element
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
of character fundamental to professional recognition
i,- True
i,- i,- i,- i,- i,-i,- i,-
The characteristics common to all profession include existence of
i,- i,- i,- i,- i,- i,- i,- i,- i,-
a complex body of knowledge and acknowledgement of a
i,- i,- i,- i,- i,- i,- i,- i,- i,-
responsibility to serve the client. False, responsibility to servei,- i,- i,- i,- i,-i,- i,- i,- i,- i,- i,-
the public i,-
,Membership in the AICPA is voluntary, but by accepting
i,- i,- i,- i,- i,- i,- i,- i,- i,-
membership, a CPA assumes an obligation of self-discipline and
i,- i,- i,- i,- i,- i,- i,- i,- i,-
agrees to adhere to the Code.
i,- True
i,- i,- i,- i,- i,-i,- i,-
The AICPA Code of Professional Conduct begins with a preface
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
that applies to all members.
i,- True i,- i,- i,- i,-i,- i,-
The Responsibilities principle of the AICPA Code of Conduct
i,- i,- i,- i,- i,- i,- i,- i,- i,-
requires that service and public trust not be subordinated to
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
personal gain and advantage.
i,- False, This is integrity
i,- i,- i,-i,- i,- i,- i,- i,-
The AICPA Code of Professional Conduct provides assurance to
i,- i,- i,- i,- i,- i,- i,- i,- i,-
clients and to the public that the professional intends to maintain
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
high standards.
i,- True i,-i,- i,-
Generally, ethical dilemmas are not routine. Therefore, there is no
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
way that an individual can be prepared or informed for a problem
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
ahead of time. i,- False, It is important that you do your
i,- i,-i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
homework and understand how to protect yourself and your
i,- i,- i,- i,- i,- i,- i,- i,- i,-
employer. This will give you a "head's up" when you face
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
potential ethical dilemmas i,- i,-
, PCAOB set auditing, quality control, ethics, independence and
i,- i,- i,- i,- i,- i,- i,- i,-
other standards relating to the preparation of audit reports.
i,- i,- i,- i,- i,- i,- i,- i,- i,-i,- i,-
False, Only for Issuers i,- i,- i,-
The AICPA bylaws require that members adhere to the rules in the
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
Code. True i,-i,- i,-
The American Institute of Certified Public Accountants has been
i,- i,- i,- i,- i,- i,- i,- i,- i,-
the primary ethical rules for internal auditors.
i,- False i,- i,- i,- i,- i,- i,-i,- i,-
Members employed by others to prepare financial statements or
i,- i,- i,- i,- i,- i,- i,- i,- i,-
to perform auditing must adhere to the objectivity and
i,- i,- i,- i,- i,- i,- i,- i,- i,-
independence principle in the AICPA Code of Conduct False, i,- i,- i,- i,- i,- i,- i,- i,-i,- i,- i,-
They are charged with the same responsibility for objectivity as
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
members in public practice i,- i,- i,-
The AICPA Code of Professional Conduct derives its authority
i,- i,- i,- i,- i,- i,- i,- i,- i,-
from specific federal legislation.
i,- False, The AICPA Code of i,- i,- i,-i,- i,- i,- i,- i,- i,- i,-
Professional Conduct derives its authority from the Bylaws of the i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
AICPA.
An ethical dilemma is defined as a situation where two or more
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
"right" values are in conflict true
i,- i,- i,- i,- i,-i,- i,-
Questions with Approved Answers | i,- i,- i,- i,- i,-
Latest 2025/2026 Update. i,- i,-
The AICPA Code of Professional Conduct provides practical
i,- i,- i,- i,- i,- i,- i,- i,-
guidance to only members in public practice
i,- False, The AICPA
i,- i,- i,- i,- i,- i,-i,- i,- i,- i,- i,-
Code provides practice guidance for all members.
i,- i,- i,- i,- i,- i,-
Under the Rules of Professional Conduct promulgated under the
i,- i,- i,- i,- i,- i,- i,- i,- i,-
Texas Public Accountancy Act, all of the rules of professional
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
conduct shall apply to and must be observed by a certificate or
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
registration holder engaged in the client practice of public
i,- i,- i,- i,- i,- i,- i,- i,- i,-
accountancy. True, Correct under Rule 501.53(a), Applicability
i,-i,- i,- i,- i,- i,- i,- i,- i,-
of Rules of Professional Conduct.
i,- i,- i,- i,-
Integrity as defined in the AICPA Code of Conduct is an element
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
of character fundamental to professional recognition
i,- True
i,- i,- i,- i,- i,-i,- i,-
The characteristics common to all profession include existence of
i,- i,- i,- i,- i,- i,- i,- i,- i,-
a complex body of knowledge and acknowledgement of a
i,- i,- i,- i,- i,- i,- i,- i,- i,-
responsibility to serve the client. False, responsibility to servei,- i,- i,- i,- i,-i,- i,- i,- i,- i,- i,-
the public i,-
,Membership in the AICPA is voluntary, but by accepting
i,- i,- i,- i,- i,- i,- i,- i,- i,-
membership, a CPA assumes an obligation of self-discipline and
i,- i,- i,- i,- i,- i,- i,- i,- i,-
agrees to adhere to the Code.
i,- True
i,- i,- i,- i,- i,-i,- i,-
The AICPA Code of Professional Conduct begins with a preface
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
that applies to all members.
i,- True i,- i,- i,- i,-i,- i,-
The Responsibilities principle of the AICPA Code of Conduct
i,- i,- i,- i,- i,- i,- i,- i,- i,-
requires that service and public trust not be subordinated to
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
personal gain and advantage.
i,- False, This is integrity
i,- i,- i,-i,- i,- i,- i,- i,-
The AICPA Code of Professional Conduct provides assurance to
i,- i,- i,- i,- i,- i,- i,- i,- i,-
clients and to the public that the professional intends to maintain
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
high standards.
i,- True i,-i,- i,-
Generally, ethical dilemmas are not routine. Therefore, there is no
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
way that an individual can be prepared or informed for a problem
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
ahead of time. i,- False, It is important that you do your
i,- i,-i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
homework and understand how to protect yourself and your
i,- i,- i,- i,- i,- i,- i,- i,- i,-
employer. This will give you a "head's up" when you face
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
potential ethical dilemmas i,- i,-
, PCAOB set auditing, quality control, ethics, independence and
i,- i,- i,- i,- i,- i,- i,- i,-
other standards relating to the preparation of audit reports.
i,- i,- i,- i,- i,- i,- i,- i,- i,-i,- i,-
False, Only for Issuers i,- i,- i,-
The AICPA bylaws require that members adhere to the rules in the
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
Code. True i,-i,- i,-
The American Institute of Certified Public Accountants has been
i,- i,- i,- i,- i,- i,- i,- i,- i,-
the primary ethical rules for internal auditors.
i,- False i,- i,- i,- i,- i,- i,-i,- i,-
Members employed by others to prepare financial statements or
i,- i,- i,- i,- i,- i,- i,- i,- i,-
to perform auditing must adhere to the objectivity and
i,- i,- i,- i,- i,- i,- i,- i,- i,-
independence principle in the AICPA Code of Conduct False, i,- i,- i,- i,- i,- i,- i,- i,-i,- i,- i,-
They are charged with the same responsibility for objectivity as
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
members in public practice i,- i,- i,-
The AICPA Code of Professional Conduct derives its authority
i,- i,- i,- i,- i,- i,- i,- i,- i,-
from specific federal legislation.
i,- False, The AICPA Code of i,- i,- i,-i,- i,- i,- i,- i,- i,- i,-
Professional Conduct derives its authority from the Bylaws of the i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
AICPA.
An ethical dilemma is defined as a situation where two or more
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
"right" values are in conflict true
i,- i,- i,- i,- i,-i,- i,-
