SU 02 Ethics

Question 1

What are the “pillars of character”/ foundations for ethical decision-making?

Answer 1

Trustworthiness
Respect
Responsibility
Fairness
Caring
Citizenship

Question 2

What are the main categories of attest standards?

Answer 2

General standards
Field Work standards
Reporting standards

Question 3

What are the Attest General Standards

Answer 3

1) Training and Proficiency
2) Knowledge of subject matter
3) Suitable and available criteria
4) Independence
5) Due professional care

Question 4

What are the attest field work standards

Answer 4

6) planning and supervision
7) sufficient evidence as basis for any conclusions

Question 5

What are the attest reporting standards?

Answer 5

8) Character of engagement must be identified
9) conclusions about subject matter must be stated
10) any significant reservations must be stated
11) any restrictions on the use of the report must be stated

Question 6

What are the components of the AICPA code of professional conduct?

Answer 6

Principles
Rules of conduct
interpretations and ethics rulings