Practice: Ethics, Professional Responsibilities & Federal Tax Procedures Quiz Quiz | Regulation (REG)

Question 1

What is the primary purpose of professional ethics for CPAs?

Answer

To maximize client profits regardless of regulations

Answer

To protect the public interest and maintain confidence in the profession

Answer

To eliminate all tax liabilities for clients

Answer

To guarantee successful IRS audits

Question 2

Which ethical principle requires a CPA to be honest and truthful in all professional activities?

Answer

Integrity

Answer

Confidentiality

Answer

Professional Competence

Answer

Due Care

Question 3

Objectivity requires a CPA to:

Answer

Always agree with the client

Answer

Maintain client confidentiality at all costs

Answer

Avoid bias, conflicts of interest, and undue influence

Answer

Represent only corporate taxpayers

Practice Quiz