| Read 'Chapter 1: Ethics and Ethical Reasoning' & answer the following question(s): |
| 1. | Ethics is NOT focused on |
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| Read 'Chapter 2: AICPA Code of Professional Conduct' & answer the following question(s): |
| 2. | When CPAs are able to take an unbiased viewpoint in the performance of professional services, it is referred to as independence. |
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| 3. | Which AICPA Conduct Rule applies only to members in the practice of public accounting? |
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| 4. | Which of the following statements best explains why the accounting profession has found it essential to promulgate ethical standards and to establish means for ensuring their observance? |
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| 5. | Which of the following most completely describes how independence has been defined by the accounting profession? |
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| 6. | When a CPA is associated with financial statements that do not comply with promulgated GAAP because the statements would be misleading without the departure, the CPA is not required to disclose |
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| 7. | The CPA must not subordinate his or her professional judgment to that of others |
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| 8. | Which of the following is required for a CPA firm to designate itself as "Members of the AICPA" on its letterhead? |
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| 9. | Mark is the executive partner of Mark & Co. , CPAs. One of its smaller clients is a large nonprofit charitable organization. The organization has asked Mark to be on its board of directors, which consists of a large number of the community's leaders. Membership on the board is honorary. Mark & Co. would be considered to be independent |
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| 10. | According to the profession's ethical standards, an auditor would be considered independent in which of the following instances? |
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| 11. | Which of the following bodies ordinarily would have the authority to suspend or revoke a CPA's license to practice public accounting? |
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| Read 'Chapter 3: Colorado Ethics' & answer the following question(s): |
| 12. | The Colorado Board of Accountancy must be informed in writing of any change of status: active, inactive, address or employment within |
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| 13. | To apply for a certificate a baccalaureate degree holder must have included on his/her transcript at least |
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| 14. | In order to obtain a Colorado certificate a foreign applicant who holds a certificate recognized by the International Qualifications Appraisal Board (IQAB) of the National Association of State Boards of Accountancy (NASBA) will not be required to |
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| 15. | No person may be issued a certificate of public accountant unless that person has obtained one year of work experience, and served with a CPA and completed a minimum of |
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| 16. | CPE courses accepted by the Colorado board of Accountancy do not include |
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| 17. | Integrity, objectivity, independence, due care and competence are guidelines or otherwise known as |
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| 18. | Fees set by courts or government entities acting as judicial or regulatory agencies are considered to be |
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| 19. | General standards required of all Colorado certificate holders do not include |
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| 20. | A certificate holder or public accounting firm registered by the board and in compliance with all regulations may use an assumed name or trade name if |
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