Module 1: Professional Responsibilities


This module presents requirements relating to a CPA’s professional responsibilities related to ethics, including independence, as well as certain other responsibilities. The module begins with the AICPA Code of Professional Conduct, which consists of two sections: (1) Principles (the framework) and (2) Rules (govern performance of professional services). Integrated with these two sections are many related interpretations and rules that are also examined. The remainder of the module includes coverage of a number of other areas related to a CPA’s professional responsibilities with which you should be familiar.

You should expect a significant number of questions from the AICPA Code of Professional Conduct, and somewhat fewer from each of the other areas. Also expect a simulation question in which you must show your research skills relating to finding particular information in the AICPA Code of Professional Conduct (codified using ET prefixes).

A. AICPA Requirements

B. The Sarbanes-Oxley Act of 2002

C. Public Company Accounting Oversight Board

D. International Standards—Ethical

E. International Standards—Auditing/Assurance

F. Other

Key Terms

Multiple-Choice Questions

Multiple-Choice Answers and Explanations


Simulation Solutions

The primary reference here is the AICPA Code of Professional Conduct. This module incorporates an outline of its key provisions. Yet, access it electronically to gain a familiarity to allow you to ...

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