Question 1

The confidentiality standard in the AICPA code provides for exceptions to the rule in:

Accepted Answer

A)  In response to a validly issued court summons
B)  To provide information to the CPA's peer reviewers
C)  To defend oneself in an ethics investigation
D)  All of the aboveE) B) and C)
F) C) and D)

Question 2

During the investigations by the House Subcommittee on Oversight and Investigations, a question that was raised was:

Accepted Answer

A)  Why was fraud allowed to occur at so many companies
B)  Where was the board of directors in all these frauds
C)  Where were the auditors
D)  Why did the internal controls fail in so many fraudsE) All of the above
F) B) and D)

Question 3

In the ESM fraud discussed in this chapter, Jose Gomez violated the Independence standard because he:

Accepted Answer

A)  Had loans outstanding from the client
B)  Engaged in a business relationship with the client
C)  Had family members who owned stock directly in the client
D)  All of the aboveE) A) and B)
F) None of the above

Question 4

Which of the following is a threat by a client that impairs independence?

Accepted Answer

A)  Low Balling
B)  Skepticism
C)  Lawsuit
D)  Withholding informationE) None of the above
F) A) and B)

Question 5

Which is not a permitted form of organization for a CPA practice?

Accepted Answer

A)  Sole proprietorship with name of sole proprietor
B)  Limited liability partnership
C)  Professional corporation
D)  CorporationE) None of the above
F) C) and D)

Question 6

The ethical issue raised in the Beauda Medical Center case is similar to that in:

Accepted Answer

A)  ESM Government Securities
B)  PeopleSoft
C)  Fund of Funds
D)  EnronE) B) and C)
F) A) and D)

Exam 4: Aicpa Code of Professional Conduct

The ethical issue raised in the Beauda Medical Center case is similar to that in:

Correct Answer
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Which of the following is a threat by a client that impairs independence?

Correct Answer
verified

During the investigations by the House Subcommittee on Oversight and Investigations, a question that was raised was:

Correct Answer
verified

In the ESM fraud discussed in this chapter, Jose Gomez violated the Independence standard because he:

Correct Answer
verified

The confidentiality standard in the AICPA code provides for exceptions to the rule in:

Correct Answer
verified

Which is not a permitted form of organization for a CPA practice?

Correct Answer
verified

Exam 4: Aicpa Code of Professional Conduct

The ethical issue raised in the Beauda Medical Center case is similar to that in:

Correct AnswerverifiedShow Answer

Which of the following is a threat by a client that impairs independence?

Correct AnswerverifiedShow Answer

During the investigations by the House Subcommittee on Oversight and Investigations, a question that was raised was:

Correct AnswerverifiedShow Answer

In the ESM fraud discussed in this chapter, Jose Gomez violated the Independence standard because he:

Correct AnswerverifiedShow Answer

The confidentiality standard in the AICPA code provides for exceptions to the rule in:

Correct AnswerverifiedShow Answer

Which is not a permitted form of organization for a CPA practice?

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
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Correct Answer
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Correct Answer
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