Save
Busy. Please wait.
or

show password
Forgot Password?

Don't have an account?  Sign up 
or

Username is available taken
show password

why


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account.
We do not share your email address with others. It is only used to allow you to reset your password. For details read our Privacy Policy and Terms of Service.


Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
focusNode
Didn't know it?
click below
 
Knew it?
click below
Don't know
Remaining cards (0)
Know
0:00
share
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

PETHch2

CPA ethics

QuestionAnswer
1.The accounting profession’s public includes (a) governmental agencies (b) credit grantors (c) investors (d) all above. 1. (d) is the correct answer. As (see Article II) the CPA’s public includes everyone that relies on them. This then would include (a) governmental agencies, (b) credit grantors and (c) investors
2. Compliance with theAICPA Code of Professional Conduct depends on: (a) public opinion and reinforcement by one’s peers. (b) disciplinary proceedings when the code is violated. (c) member’s understanding the code and voluntary compliance with it. 2.(c) Composition, Applicability & Compliance says compliance depends primarily on member’s understanding & voluntary compliance (a)wrong,peers&public opinion is secondary (b)wrong,disciplinary proceedings are ultimate/final method of obtaining complian
3.The Principles state that a member has responsibility to (a) colleagues. (b) clients. (c) the public. (d) all of the above. 3. (d) is correct. The Preamble to the Articles says that members have (a) a responsibility to colleagues, (b) to clients and (c) to the public.
4. The Principles in theAICPA Code of Professional Conduct ______ enforceable under their own terms. (a) are (b) are not 4. (b) is correct. Principles are not enforceable under their own terms as shown in the section Purpose. Principles are goal-oriented and the rules of ethics are made and adopted within that framework.
5. A distinguishing mark of a profession is (a) acceptance of its responsibility to the public. (b) the esteem with which it is held by the public. (c) its ability to influence legislation. 5.(a)Per Article II, the professional distinguishing mark is acceptance of responsibility to the public (b) esteem by which it is held by public comes from showing responsibility (c) Influencing legislation may be important but not the distinguishing ma
6. TheAICPA Code of Professional Conduct provides guidance and rules for (a) Only members in public practice. (b) All members. (c) Only members engaged in rendering attestation services. 6.(b)The Code of Professional Conduct provides rules for all members, per the Articles, section Composition, the membership adopted code to provide guidance and rules for all members - those in public practice, in industry, in government and in education
7. Due care requires a member to (a) perform work for clients at the lowest cost. (b) perform work for clients with competence and diligence (c) Complete each year a specified number of hours of Continuing Professional Education Courses. 7. (b) is correct. Article V requires a member to per- form his professional work with competence and diligence. (a) The Principles do not address the subject of fees or (c) Continuing Professional Education.
Created by: baurjan
 

 



Voices

Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!

"Know" box contains:
Time elapsed:
Retries:
restart all cards