- Study guides, Class notes & Summaries

The CPA Ethics Exam is required in many U.S. states for CPA licensure. It tests knowledge of the AICPA Code of Professional Conduct, ethical responsibilities, and professional judgment. The 2025/2026 verified study guides provide real exam-style multiple-choice questions with rationales, already graded A+, ensuring mastery of CPA ethics concepts.

To address an ethical matter and make good judgments, you must first be able to recognize issues when they arise. Ans: This means being familiar with the profession's body of rules and regulations from the American Institute of Certified Public Accountants, your local state accountancy board, which issues your license to practice, and other sources of regulation. This also means staying attuned to potential ethical "warning signs." ethical decision making model An...

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...

Communicating fee information Ans: Copies must be retained by the practitioner for a period of at least 36 months from the date of the last transmission or use Conflict of interest Ans: o Each affect client waives the conflict of interest in writing within 30 days after so waiving Best Practice for Tax Advisors (VERY IMPORTANT, Memorize) Ans: Tax advisors should provide clients the highest-quality representation by adhering to "best practices" in providing tax pr...

CPA - Ethics & Governance Questions and Correct Answers/ Latest Update / Already Graded

Clients may recover from breach of contract if: Ans: *Accountant agreed to perform services professionally *Accountant breached agreement *Client suffered damages, and *Breach proximately caused the damages Recovery of fee for Breach of Contract Ans: *Can't recover if major breach *Recoverable minus damages if it was minor Damages that clients can recover for Breach of Contract or Negligence Ans: Compensatory, not punitive Clients may recover for ne...

To address an ethical matter and make good judgments, you must first be able to recognize issues when they arise. Ans: This means being familiar with the profession's body of rules and regulations from the American Institute of Certified Public Accountants, your local state accountancy board, which issues your license to practice, and other sources of regulation. This also means staying attuned to potential ethical "warning signs." ethical decision making model An...

Which category contains the ethical standards, a violation of which makes a member liable to disciplinary action? (a) Ethics Rulings. (b) Interpretations of the Rules. (c) Rules. Ans: (c) is the conect answer. Code of Professional Conduct, Strncture, says that infraction of any of the rules makes a member liable to disciplinary action. (a) is wrong since members who depart from the guidance in ethical rulings in similar circumstances will be asked to justify such departure...

Prepare for the CPA Ethics Exam 2025 with this complete study guide. Includes 100% verified questions and correct answers covering AICPA rules, independence, confidentiality, and professional conduct.

CPA ETHICS EXAM NEWEST EXAM QUESTIONS AND CORRECT DETAILED ANSWERS/CPA ETHICS EXAM LATEST UPDATES (VERIFIED ANSWERS) ALREADY GRADED A+