Other Members Flashcards
Which of the following people would not be considered an “Other Member” (OM) for Code of Professional Conduct purposes?
Tim, who has his CPA license, but is currently unemployed and traveling around the country living off his savings.
Bolt, who has his CPA license, but is trying out retirement to see if it suits him.
Margot, who has her CPA license, but is unemployed as she is devoting most of her time to pursuing a sexual harassment lawsuit against her previous firm.
Ananya, who has her CPA license and is an internal auditor for Frisbye Corporation.
Ananya, who has her CPA license and is an internal auditor for Frisbye Corporation.
Correct! Ananya is a MIB, not an OM.
Tincture is an “Other Member” (OM). Which of the following would not be an example of a discreditable act if performed by Tincture?
Engaging in deceptive marketing.
Failing to file his own personal tax return.
Failing to make any charitable donations whatsoever.
Using his CPA credential in a misleading way.
Failing to make any charitable donations whatsoever.
Correct! While failing to make any charitable donations whatsoever is not exactly admirable behavior, it is not a discreditable act.
Which of the following are discreditable acts that should not be performed by other members?
Sexual harassment in employment.
Soliciting disclosure of CPA exam questions.
Failure to file a tax return.
All of the listed answer choices.
All of the listed answer choices.
Because the three choices provided are all examples of discreditable acts, this is the best answer.
Who of the following is an “other member” for code purposes?
Tim, who is a retired CPA.
Tom, who is an unemployed CPA.
Bill, who is a CPA currently working as a rodeo clown.
All of the choices provided.
All of the choices provided.
Because the three choices provided are all examples of “other members,” this is the best answer.
Which of the following is a duty owed by an “other member”?
I. Duty to be independent in fact and appearance.
II. Duty to avoid committing discreditable acts.
I only.
II only.
I and II.
Neither I nor II.
II only.
Even other members must avoid discreditable acts.
