Question 1

Is it voluntary for a bookkeeper who is not a CPA to follow the AICPA's Code of Professional Conduct?

Accepted Answer

The answer of Is it voluntary for a bookkeeper who...

Question 2

IFAC is often referred to as:

Accepted Answer

A)  The "Global Watchdog" 
B)  The "Global Accounting Police" 
C)  An "Organization of Organizations" 
D)  The "AICPA's Little Brother"

Question 3

A CPA who is a member of the AICPA failed to abide by the AICPA's Code of Professional Conduct. The state in which she practices accounting requires all CPAs to abide by "all professional standards." This CPA's license to practice accounting will potentially be:

Accepted Answer

A)  Suspended 
B)  Revoked 
C)  Not affected 
D)  All of the above

Question 4

The membership rules of IFAC:

Accepted Answer

A)  Prevent CPAs from joining it if they are not actively in practice 
B)  Encourage CPAs from around the world to join it 
C)  Deny membership to CPAs who are unwilling to abide by its rules of ethical conduct 
D)  Deny membership to all individual CPAs

Question 5

Is it voluntary for a member of the AICPA to follow the AICPA's Code of Professional Conduct?

Accepted Answer

The answer of Is it voluntary for a member of...

Question 6

Can you identify an ethical decision that an internal auditor might encounter?

Accepted Answer

The answer of Can you identify an ethical decision that...

Exam 1: Introduction to Ethics