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Questions and Answers
Which accounting firm received the largest fine ever imposed by the SEC for cheating on ethics exams and withholding evidence of misconduct?
Which accounting firm received the largest fine ever imposed by the SEC for cheating on ethics exams and withholding evidence of misconduct?
- Ernst & Young (correct)
- KPMG
- PWC Canada
- None of the above
How much was KPMG fined for cheating on internal training tests?
How much was KPMG fined for cheating on internal training tests?
- $100M
- $50M (correct)
- $750,000
- None of the above
How many EY employees shared answer keys to the ethics part of the CPA exam according to the investigation?
How many EY employees shared answer keys to the ethics part of the CPA exam according to the investigation?
- 49 (correct)
- 200
- 300,000
- None of the above
Which type of normative ethics is based on family roles and the relationship with community?
Which type of normative ethics is based on family roles and the relationship with community?
What is the purpose of applied ethics?
What is the purpose of applied ethics?
Which sources contribute to the creation of an ethical system?
Which sources contribute to the creation of an ethical system?
What are ethical dilemmas?
What are ethical dilemmas?
Which organization formed the first ethical codes in 1905?
Which organization formed the first ethical codes in 1905?
When did the AAPA create the earliest version of the official code of professional conduct?
When did the AAPA create the earliest version of the official code of professional conduct?
When did the AICPA Professional Ethics Executive Committee approve the new code of professional conduct?
When did the AICPA Professional Ethics Executive Committee approve the new code of professional conduct?
Which section of the AICPA Code of Professional Conduct contains rules applicable to all members?
Which section of the AICPA Code of Professional Conduct contains rules applicable to all members?
According to the text, what is the definition of ethics?
According to the text, what is the definition of ethics?
According to the text, what is meta-ethics concerned with?
According to the text, what is meta-ethics concerned with?
According to the text, what is virtue ethics?
According to the text, what is virtue ethics?
According to the text, what is consequentialism?
According to the text, what is consequentialism?
According to the text, what is the Trolley Problem?
According to the text, what is the Trolley Problem?
According to the text, what is the basic version of the Trolley Problem?
According to the text, what is the basic version of the Trolley Problem?
According to the text, what is the ethical decision in the Trolley Problem?
According to the text, what is the ethical decision in the Trolley Problem?
According to the text, what is the doctrine of double effect in the Trolley Problem?
According to the text, what is the doctrine of double effect in the Trolley Problem?
Which of the following is an example of an act discreditable to the profession for members in public practice?
Which of the following is an example of an act discreditable to the profession for members in public practice?
According to the text, when is a departure from accounting principles allowed?
According to the text, when is a departure from accounting principles allowed?
What disciplinary action was imposed on a member in 2022, according to the text?
What disciplinary action was imposed on a member in 2022, according to the text?
According to the Code Basics, which principle requires maintaining objectivity and independence?
According to the Code Basics, which principle requires maintaining objectivity and independence?
According to the Code Basics, what is an attest engagement?
According to the Code Basics, what is an attest engagement?
According to the Code Basics, who is considered a covered member in an attest engagement?
According to the Code Basics, who is considered a covered member in an attest engagement?
According to the Code Basics, what particular rules must members in public practice follow in addition to the standards applicable to all members?
According to the Code Basics, what particular rules must members in public practice follow in addition to the standards applicable to all members?
Which one of the following individuals would NOT be considered a client for the purposes of this ruling?
Which one of the following individuals would NOT be considered a client for the purposes of this ruling?
According to the text, when accepting or offering gifts or entertainment, judgment is required to determine whether it is reasonable under the circumstances. Which one of the following factors is NOT considered when determining reasonableness?
According to the text, when accepting or offering gifts or entertainment, judgment is required to determine whether it is reasonable under the circumstances. Which one of the following factors is NOT considered when determining reasonableness?
According to the text, when accepting or offering gifts or entertainment, a member would be presumed to lack integrity if they accepted or offered a gift or entertainment that they knew, or was reckless in not knowing, would violate policies or laws and regulations. Which one of the following statements accurately describes this presumption?
According to the text, when accepting or offering gifts or entertainment, a member would be presumed to lack integrity if they accepted or offered a gift or entertainment that they knew, or was reckless in not knowing, would violate policies or laws and regulations. Which one of the following statements accurately describes this presumption?
According to the text, would independence be impaired if a member or firm offers or accepts gifts or entertainment to or from an attest client?
According to the text, would independence be impaired if a member or firm offers or accepts gifts or entertainment to or from an attest client?
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