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CPA Ethics Exam Questions and Correct
Answers/ Latest Update / Already Graded
What are ethics?
Ans: A general pattern or "way of life", a set of rules of conduct
or "moral code", and inquiry about ways of life and rules of
conduct
Normative Ethics
Ans: address the issues of right and wrong actions, this type of
theory makes claims or offer guidelines or norms about how to
discern the right action
Applied Ethics
Ans: investigates how a normative system plays out in a
practical situation - business and accounting ethics are a type of
applied ethics
Normative Ethical Theories
Ans: consequentialism, deontological theory, and virtue ethics
Consequentialism
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Ans: focuses on choosing the right action, which is determined
by looking at the consequences of that action
Utilitarianism
Ans: theory from Jeremy Bentham that states that the correct
action is the one that maximizes good (pleasure).
Major shortcoming of Consequentialism
Ans: sometimes the full extent of the outcome is not always
known at the time the act occurs
Deontology
Ans: espouses the maxim that one should do the right thing
based solely on the fact that it is right, irrespective of the
consequences of the action
Downside to deontology
Ans: there can be over focus on merely doing one's duty or
"following the rules" without considering the bigger picture
Virtue Ethics
All rights reserved © 2025/ 2026 |
CPA Ethics Exam Questions and Correct
Answers/ Latest Update / Already Graded
What are ethics?
Ans: A general pattern or "way of life", a set of rules of conduct
or "moral code", and inquiry about ways of life and rules of
conduct
Normative Ethics
Ans: address the issues of right and wrong actions, this type of
theory makes claims or offer guidelines or norms about how to
discern the right action
Applied Ethics
Ans: investigates how a normative system plays out in a
practical situation - business and accounting ethics are a type of
applied ethics
Normative Ethical Theories
Ans: consequentialism, deontological theory, and virtue ethics
Consequentialism
All rights reserved © 2025/ 2026 |
, Page |2
Ans: focuses on choosing the right action, which is determined
by looking at the consequences of that action
Utilitarianism
Ans: theory from Jeremy Bentham that states that the correct
action is the one that maximizes good (pleasure).
Major shortcoming of Consequentialism
Ans: sometimes the full extent of the outcome is not always
known at the time the act occurs
Deontology
Ans: espouses the maxim that one should do the right thing
based solely on the fact that it is right, irrespective of the
consequences of the action
Downside to deontology
Ans: there can be over focus on merely doing one's duty or
"following the rules" without considering the bigger picture
Virtue Ethics
All rights reserved © 2025/ 2026 |
