Question 1

To act ethically,a person always must:

Accepted Answer

A)  Follow the formal expression of a law 
B)  Follow both the spirit and the formal expression of a law 
C)  Do the right thing, even if violates a law 
D)  Adhere to the spirit, intent, and formal expression of a law 
A)  Follow the formal expression of a law 
B)  Follow both the spirit and the formal expression of a law 
C)  Do the right thing, even if violates a law 
D)  Adhere to the spirit, intent, and formal expression of a law

Question 2

If a CPA violates one of the Principles of the AICPA's Code of Professional Conduct,the CPA:

Accepted Answer

A)  Will never be subject to disciplinary action by the AICPA 
B)  May lose the right to practice accounting for a period of time unless the violation was justified 
C)  Definitely will lose the right to practice accounting for a period of time unless the violation was justified 
D)  May or may not lose the right to practice accounting, depending on the severity of the violation 
A)  Will never be subject to disciplinary action by the AICPA 
B)  May lose the right to practice accounting for a period of time unless the violation was justified 
C)  Definitely will lose the right to practice accounting for a period of time unless the violation was justified 
D)  May or may not lose the right to practice accounting, depending on the severity of the violation

Question 3

Creation of the PCAOB was an important event in the development of the accounting profession because it altered the accounting profession's historical policy of self-regulation in the area of:

Accepted Answer

A)  Internal auditing 
B)  Tax return preparation 
C)  Tax advocacy on behalf of clients accused of fraud 
D)  External auditing of publicly-traded companies 
A)  Internal auditing 
B)  Tax return preparation 
C)  Tax advocacy on behalf of clients accused of fraud 
D)  External auditing of publicly-traded companies

Question 4

What aspects of accounting practice reflect that accounting is a profession?

Accepted Answer

Accounting is widely recognized as a pro

Question 5

State and describe the six Principles of the AICPA Code of Professional Conduct.

Accepted Answer

The six principles of the AICPA Code of

Question 6

Which of the following is not one the four stages in Rest's Four-Component Model of Ethical Decision-Making?

Accepted Answer

A)  Developing moral sensitivity 
B)  Developing sound moral judgment 
C)  Developing a willingness to challenge unjust laws 
D)  Developing the character to initiate actions 
A)  Developing moral sensitivity 
B)  Developing sound moral judgment 
C)  Developing a willingness to challenge unjust laws 
D)  Developing the character to initiate actions

Question 7

According to the Responsibility Principle of the AICPA's Code of Professional Conduct,accountants should always:

Accepted Answer

A)  Make sensitive moral judgments 
B)  Pursue the public interest 
C)  Maintain client confidentiality 
D)  Use the highest degree of care in performing all professional activities 
A)  Make sensitive moral judgments 
B)  Pursue the public interest 
C)  Maintain client confidentiality 
D)  Use the highest degree of care in performing all professional activities

Question 8

Kohlberg concluded that most people's moral development reflects:

Accepted Answer

A)  The conventional stage 
B)  The pre-conventional stage 
C)  The post-conventional stage 
D)  Unconventional activity that cannot be classified according to his model of behavior 
A)  The conventional stage 
B)  The pre-conventional stage 
C)  The post-conventional stage 
D)  Unconventional activity that cannot be classified according to his model of behavior

Question 9

Kohlberg's three levels of moral development,in order,focus on:

Accepted Answer

A)  Self-interest, achieving justice, and achieving peer approval 
B)  Self-interest, adhering to principles over laws, and learning to disregard the need for peer approval 
C)  The avoidance of punishment, compliance with laws, and compliance with societal expectations 
D)  Self-interest, achieving peer approval, and the pursuit of justice 
A)  Self-interest, achieving justice, and achieving peer approval 
B)  Self-interest, adhering to principles over laws, and learning to disregard the need for peer approval 
C)  The avoidance of punishment, compliance with laws, and compliance with societal expectations 
D)  Self-interest, achieving peer approval, and the pursuit of justice

Question 10

The usury laws:

Accepted Answer

A)  Are an example of ethical absolutism 
B)  Are an example of ethical relativism 
C)  Bar excessively high interest rates on certain types of loans 
D)  Reflect the consensus among all countries that interest rates need to regulated by a universal body or multi-governmental entity 
A)  Are an example of ethical absolutism 
B)  Are an example of ethical relativism 
C)  Bar excessively high interest rates on certain types of loans 
D)  Reflect the consensus among all countries that interest rates need to regulated by a universal body or multi-governmental entity

Question 11

Do you believe that most ethical decision-making is made in accordance with a model or other framework? Why or why not?

Accepted Answer

I believe that most ethical decision-mak

Question 12

Ethical absolutism means that:

Accepted Answer

A)  All cultures share a common set of ethical values 
B)  Ethical duties are absolute requirements that are, if necessary, imposed by laws 
C)  Value systems absolutely vary over time as societal views progress 
D)  A person has an absolute duty to follow ethical principles, even if they diverge from legal mandates 
A)  All cultures share a common set of ethical values 
B)  Ethical duties are absolute requirements that are, if necessary, imposed by laws 
C)  Value systems absolutely vary over time as societal views progress 
D)  A person has an absolute duty to follow ethical principles, even if they diverge from legal mandates

Question 13

Acting based on fear of disappointing your close friends corresponds to which of the following stages of moral development?

Accepted Answer

A)  The pre-conventional stage 
B)  The conventional stage 
C)  The post-conventional stage 
D)  All of the above 
A)  The pre-conventional stage 
B)  The conventional stage 
C)  The post-conventional stage 
D)  All of the above

Question 14

Which of the following principles of the AICPA Code of Conduct is not applicable to accountants employed in a financial reporting capacity at a corporation?

Accepted Answer

A)  Independence 
B)  Integrity 
C)  Objectivity 
D)  Due care 
A)  Independence 
B)  Integrity 
C)  Objectivity 
D)  Due care

Question 15

The substantial similarity of the AICPA and IFAC Codes of Conduct tends to support the concept of:

Accepted Answer

A)  The ethical conformity doctrine 
B)  Self-regulation 
C)  Ethical absolutism 
D)  Ethical relativism 
A)  The ethical conformity doctrine 
B)  Self-regulation 
C)  Ethical absolutism 
D)  Ethical relativism

Question 16

Acting in a manner that is inconsistent with the stated rules of a legal statute,knowing that your actions are incompatible with that statute,corresponds to which of the following stages of moral development?

Accepted Answer

A)  The pre-conventional stage 
B)  The conventional stage 
C)  The post-conventional stage 
D)  All of the above 
A)  The pre-conventional stage 
B)  The conventional stage 
C)  The post-conventional stage 
D)  All of the above

Question 17

The term "System 1" is used to describe how our brains make ethical decisions in a:

Accepted Answer

A)  Rapid, intuitive manner 
B)  Rigorously analytical manner 
C)  Dual-processing mode that utilizes all available mental resources 
D)  Single-processing mode that is deliberative and meticulous 
A)  Rapid, intuitive manner 
B)  Rigorously analytical manner 
C)  Dual-processing mode that utilizes all available mental resources 
D)  Single-processing mode that is deliberative and meticulous

Question 18

In Kohlberg's Six Stages of Moral Development,striving to act in accordance with laws occurs at:

Accepted Answer

A)  Stage 2 
B)  Stage 4 
C)  Stage 5 
D)  Stage 6 
A)  Stage 2 
B)  Stage 4 
C)  Stage 5 
D)  Stage 6

Question 19

If a CPA violates the Principles section of the AICPA Code of Professional Conduct,the CPA is subject to professional disciplinary actions:

Accepted Answer

A)  By the SEC or by the AICPA's Disciplinary Committee 
B)  By the state accountancy board in the state where the CPA practices accounting 
C)  Only if the CPA is still an active (non-retired) accounting practitioner 
D)  Never 
A)  By the SEC or by the AICPA's Disciplinary Committee 
B)  By the state accountancy board in the state where the CPA practices accounting 
C)  Only if the CPA is still an active (non-retired) accounting practitioner 
D)  Never

Question 20

What are the six stages of moral development,according to Kohlberg?

Accepted Answer

According to Lawrence Kohlberg, there ar

To act ethically,a person always must:

If a CPA violates one of the Principles of the AICPA's Code of Professional Conduct,the CPA:

Creation of the PCAOB was an important event in the development of the accounting profession because it altered the accounting profession's historical policy of self-regulation in the area of:

What aspects of accounting practice reflect that accounting is a profession?

State and describe the six Principles of the AICPA Code of Professional Conduct.

Which of the following is not one the four stages in Rest's Four-Component Model of Ethical Decision-Making?

According to the Responsibility Principle of the AICPA's Code of Professional Conduct,accountants should always:

Kohlberg concluded that most people's moral development reflects:

Kohlberg's three levels of moral development,in order,focus on:

The usury laws:

Do you believe that most ethical decision-making is made in accordance with a model or other framework? Why or why not?

Ethical absolutism means that:

Acting based on fear of disappointing your close friends corresponds to which of the following stages of moral development?

Which of the following principles of the AICPA Code of Conduct is not applicable to accountants employed in a financial reporting capacity at a corporation?

The substantial similarity of the AICPA and IFAC Codes of Conduct tends to support the concept of:

Acting in a manner that is inconsistent with the stated rules of a legal statute,knowing that your actions are incompatible with that statute,corresponds to which of the following stages of moral development?

The term "System 1" is used to describe how our brains make ethical decisions in a:

In Kohlberg's Six Stages of Moral Development,striving to act in accordance with laws occurs at:

If a CPA violates the Principles section of the AICPA Code of Professional Conduct,the CPA is subject to professional disciplinary actions:

What are the six stages of moral development,according to Kohlberg?

Introduction to Ethics

The Core Philosophies

Virtue,justice,and Social Responsibility

Why We Cheat

Greed,corruption,and Collusion

Fraud and Earnings Management

Discreditable Acts: Discrimination,deceit,and Disclosure

Confidentiality

Independence and Moral Seduction

Conflicts of Interest

Duties As a Whistleblower

Duties of Public-Company Auditors: the Sarbanesoxley Act

Duties of Tax Professionals

Duties of Fiduciaries: Financial Planners,trustees,and Executors

Duties in the Accounting Workplace Online Only

Filters

Exam 2: Ethical Principles and Reasoning

To act ethically,a person always must:

If a CPA violates one of the Principles of the AICPA's Code of Professional Conduct,the CPA:

Creation of the PCAOB was an important event in the development of the accounting profession because it altered the accounting profession's historical policy of self-regulation in the area of:

What aspects of accounting practice reflect that accounting is a profession?

State and describe the six Principles of the AICPA Code of Professional Conduct.

Which of the following is not one the four stages in Rest's Four-Component Model of Ethical Decision-Making?

According to the Responsibility Principle of the AICPA's Code of Professional Conduct,accountants should always:

Kohlberg concluded that most people's moral development reflects:

Kohlberg's three levels of moral development,in order,focus on:

The usury laws:

Do you believe that most ethical decision-making is made in accordance with a model or other framework? Why or why not?

Ethical absolutism means that:

Acting based on fear of disappointing your close friends corresponds to which of the following stages of moral development?

Which of the following principles of the AICPA Code of Conduct is not applicable to accountants employed in a financial reporting capacity at a corporation?

The substantial similarity of the AICPA and IFAC Codes of Conduct tends to support the concept of:

Acting in a manner that is inconsistent with the stated rules of a legal statute,knowing that your actions are incompatible with that statute,corresponds to which of the following stages of moral development?

The term "System 1" is used to describe how our brains make ethical decisions in a:

In Kohlberg's Six Stages of Moral Development,striving to act in accordance with laws occurs at:

If a CPA violates the Principles section of the AICPA Code of Professional Conduct,the CPA is subject to professional disciplinary actions:

What are the six stages of moral development,according to Kohlberg?

Introduction to Ethics

The Core Philosophies

Virtue,justice,and Social Responsibility

Why We Cheat

Greed,corruption,and Collusion

Fraud and Earnings Management

Discreditable Acts: Discrimination,deceit,and Disclosure

Confidentiality

Independence and Moral Seduction

Conflicts of Interest

Duties As a Whistleblower

Duties of Public-Company Auditors: the Sarbanesoxley Act

Duties of Tax Professionals

Duties of Fiduciaries: Financial Planners,trustees,and Executors

Duties in the Accounting Workplace Online Only

Filters