AICPA
AICPA Final Exam Questions and Answers
2025
The principles state that a member has responsibility to colleagues, to clients and to the
profession. -Correct Answer ✔(False)
Rules are the cornerstone of ethical behavior. -Correct Answer ✔(False)
In performing an attest engagement, a member should only rely on the AICPA rules of
conduct regarding independence. -Correct Answer ✔(False)
The principles apply the rules of conduct and interpretations to particular circumstances.
-Correct Answer ✔(False)
Professional services include all services performed by a member in private practice. -
Correct Answer ✔(False)
The code, interpretations and rulings are not designed to impact your behavior. -Correct
Answer ✔(False)
Objectivity relates to an auditor's honesty, while integrity is the ability to be neutral
during the conduct of the engagement and the preparation of the auditor's report. -
Correct Answer ✔(False)
Compliance with the Code of Professional Conduct depends primarily on public opinion
and reinforcement by one's peers. -Correct Answer ✔(False)
Interpretations are issued by the AICPA to better explain the code of professional
conduct. -Correct Answer ✔(True)
A code of ethics provides guidance for professional decision making -Correct Answer
✔(True)
A code of ethics serves as an official public statement by a profession of ethical
standards and expectations of members. -Correct Answer ✔(True)
The Rules of Conduct does not extend to individuals who carry out tasks on behalf of an
AICPA member. -Correct Answer ✔(False)
The Principles in the Code of Professional Conduct are enforceable under their own
terms -Correct Answer ✔.(False)
AICPA
,AICPA
AICPA members should accept the obligation to act in a way that will serve their self
interest. -Correct Answer ✔(False)
A member of the AICPA should observe the profession's technical and ethical
standards, strive continually to improve competence and the quality of services, and
discharge professional responsibility to the best of the member's ability. -Correct
Answer ✔(True)
A distinguishing mark of a profession is the esteem with which it is held by the public. -
Correct Answer ✔(True)
All CPAs must observe the AICPA Rules of Professional Conduct. -Correct Answer
✔(False)
A member of the AICPA must observe all the Rules of Conduct. -Correct Answer
✔(False)
To maintain and broaden public confidence, members should perform all professional
responsibilities with the highest sense of integrity. -Correct Answer ✔(True)
According to the AICPA's Rules of Professional Conduct, the interests of clients and
employees of AICPA members are best served when the members fulfill their
responsibility to the public. -Correct Answer ✔(True)
Compliance with AICPA rules of conduct depends primarily on reinforcement by peers
and public opinion. -Correct Answer ✔(False)
Texas State Board of Public Accountancy regulates the practice of public accountancy
in Texas. -Correct Answer ✔(True)
Members employed by others to prepare financial statements or to perform auditing
must adhere to the objectivity and independence principle in the AICPA Code of
Conduct. -Correct Answer ✔(False)
Ethics Rulings summarize the application of rules and interpretations to a particular set
of factual circumstances. -Correct Answer ✔(True)
PCAOB was created by the Sarbanes-Oxley Act of 2002. -Correct Answer ✔(True)
The AICPA Code of Professional Conduct provides assurance to clients and to the
public that the professional intends to maintain high standards. -Correct Answer ✔(True)
The AICPA bylaws require that members adhere to the rules in the Code. -Correct
Answer ✔(True)
AICPA
, AICPA
Members not in public practice must maintain the appearance of independence. -
Correct Answer ✔(False)
AICPA Interpretations limit the scope and application of the rules. -Correct Answer
✔(False)
AICPA Code of Professional Conduct begins with a preface that applies to all members.
-Correct Answer ✔(True)
Ethics Rulings summarize the application of Rules of Conduct and Interpretations to a
particular set of factual circumstances and AICPA members cannot depart from such
rulings. -Correct Answer ✔(False)
Under the Rules of Professional Conduct promulgated under the Texas Public
Accountancy Act, all of the rules of professional conduct shall apply to and must be
observed by a certificate or registration holder engaged in the client practice of public
accountancy. -Correct Answer ✔(True)
The Public Interest principle of the AICPA Code of Conduct highlights the
responsibilities of members to serve the client. -Correct Answer ✔(False)
Members would be violating the Integrity principle if they have inadvertent errors and
have honest differences of opinion while performing their duties. -Correct Answer
✔(False)
The principles are positive statements of responsibility that provide the framework for
the rules which govern performance. -Correct Answer ✔(True)
Under the Due Care Principle members should observe the profession's technical and
ethical standards. -Correct Answer ✔(True)
The State society of CPAs has authority to suspend or remove a CPA's license to
practice in that state. -Correct Answer ✔(False)
CPAs who practice in public accounting are required to be members of AICPA. -Correct
Answer ✔False)
The AICPA's Code of Professional Conduct contains principles, rules, interpretations,
and rulings. -Correct Answer ✔(False)
The AICPA Rules of Conduct apply to all professional services performed. -Correct
Answer ✔(False)
AICPA
AICPA Final Exam Questions and Answers
2025
The principles state that a member has responsibility to colleagues, to clients and to the
profession. -Correct Answer ✔(False)
Rules are the cornerstone of ethical behavior. -Correct Answer ✔(False)
In performing an attest engagement, a member should only rely on the AICPA rules of
conduct regarding independence. -Correct Answer ✔(False)
The principles apply the rules of conduct and interpretations to particular circumstances.
-Correct Answer ✔(False)
Professional services include all services performed by a member in private practice. -
Correct Answer ✔(False)
The code, interpretations and rulings are not designed to impact your behavior. -Correct
Answer ✔(False)
Objectivity relates to an auditor's honesty, while integrity is the ability to be neutral
during the conduct of the engagement and the preparation of the auditor's report. -
Correct Answer ✔(False)
Compliance with the Code of Professional Conduct depends primarily on public opinion
and reinforcement by one's peers. -Correct Answer ✔(False)
Interpretations are issued by the AICPA to better explain the code of professional
conduct. -Correct Answer ✔(True)
A code of ethics provides guidance for professional decision making -Correct Answer
✔(True)
A code of ethics serves as an official public statement by a profession of ethical
standards and expectations of members. -Correct Answer ✔(True)
The Rules of Conduct does not extend to individuals who carry out tasks on behalf of an
AICPA member. -Correct Answer ✔(False)
The Principles in the Code of Professional Conduct are enforceable under their own
terms -Correct Answer ✔.(False)
AICPA
,AICPA
AICPA members should accept the obligation to act in a way that will serve their self
interest. -Correct Answer ✔(False)
A member of the AICPA should observe the profession's technical and ethical
standards, strive continually to improve competence and the quality of services, and
discharge professional responsibility to the best of the member's ability. -Correct
Answer ✔(True)
A distinguishing mark of a profession is the esteem with which it is held by the public. -
Correct Answer ✔(True)
All CPAs must observe the AICPA Rules of Professional Conduct. -Correct Answer
✔(False)
A member of the AICPA must observe all the Rules of Conduct. -Correct Answer
✔(False)
To maintain and broaden public confidence, members should perform all professional
responsibilities with the highest sense of integrity. -Correct Answer ✔(True)
According to the AICPA's Rules of Professional Conduct, the interests of clients and
employees of AICPA members are best served when the members fulfill their
responsibility to the public. -Correct Answer ✔(True)
Compliance with AICPA rules of conduct depends primarily on reinforcement by peers
and public opinion. -Correct Answer ✔(False)
Texas State Board of Public Accountancy regulates the practice of public accountancy
in Texas. -Correct Answer ✔(True)
Members employed by others to prepare financial statements or to perform auditing
must adhere to the objectivity and independence principle in the AICPA Code of
Conduct. -Correct Answer ✔(False)
Ethics Rulings summarize the application of rules and interpretations to a particular set
of factual circumstances. -Correct Answer ✔(True)
PCAOB was created by the Sarbanes-Oxley Act of 2002. -Correct Answer ✔(True)
The AICPA Code of Professional Conduct provides assurance to clients and to the
public that the professional intends to maintain high standards. -Correct Answer ✔(True)
The AICPA bylaws require that members adhere to the rules in the Code. -Correct
Answer ✔(True)
AICPA
, AICPA
Members not in public practice must maintain the appearance of independence. -
Correct Answer ✔(False)
AICPA Interpretations limit the scope and application of the rules. -Correct Answer
✔(False)
AICPA Code of Professional Conduct begins with a preface that applies to all members.
-Correct Answer ✔(True)
Ethics Rulings summarize the application of Rules of Conduct and Interpretations to a
particular set of factual circumstances and AICPA members cannot depart from such
rulings. -Correct Answer ✔(False)
Under the Rules of Professional Conduct promulgated under the Texas Public
Accountancy Act, all of the rules of professional conduct shall apply to and must be
observed by a certificate or registration holder engaged in the client practice of public
accountancy. -Correct Answer ✔(True)
The Public Interest principle of the AICPA Code of Conduct highlights the
responsibilities of members to serve the client. -Correct Answer ✔(False)
Members would be violating the Integrity principle if they have inadvertent errors and
have honest differences of opinion while performing their duties. -Correct Answer
✔(False)
The principles are positive statements of responsibility that provide the framework for
the rules which govern performance. -Correct Answer ✔(True)
Under the Due Care Principle members should observe the profession's technical and
ethical standards. -Correct Answer ✔(True)
The State society of CPAs has authority to suspend or remove a CPA's license to
practice in that state. -Correct Answer ✔(False)
CPAs who practice in public accounting are required to be members of AICPA. -Correct
Answer ✔False)
The AICPA's Code of Professional Conduct contains principles, rules, interpretations,
and rulings. -Correct Answer ✔(False)
The AICPA Rules of Conduct apply to all professional services performed. -Correct
Answer ✔(False)
AICPA
