If you are not paying attention to this industry, CPA is a hot topic given the number and nature of corporate scandals and failures we have seen in recent years. But even before some of the most famous scandals, CPAs have been asked to pass ethics exams and take ethics-related courses as part of their continuing professional education [CPE].
Each state has its own requirements that stipulate the number and nature of ethics-related ethics that CPAs must take each year. Ethics is one of the requirements of the CPA exam, and it is also a hot topic, and it has a comprehensive regulation for the development of corporate behavior. The two most recent compliance regulations are Sarbanes Oxley [SOX] and Dodd-Frank Acts.
Although the CPA Ethics Test does not guarantee inappropriate behavior, it is intended to provide a basis for misinterpreting inappropriate behavior. The CPA Ethics Test is part of the CPA license requirement, which is required by most CPA candidates after passing the CPA exam. Although many people choose to take an ethical exam before the CPA exam [most countries allow you to do so], I recommend that you wait until you can focus on passing the CPA exam, which is a harder exam.
Who manages and admins ethics exams?
The CPA ethics exam is usually administered by the American Institute of Certified Public Accountants [AICPA], except for the competent authorities of the country where the other party manages the test. Some countries do not require candidates to take the CPA ethics test. However, candidates must take a short-term ethics course within a certain period of time after passing the CPA exam. [Note: The ethics course is not like one of the extensive online CPA courses, for the Prometric CPA exam]
According to my recent acceptance of its son, the CPA ethics test is not too difficult considering the practice of multiple choices. AICPA's ethics course is a self-paced course that you can access online at your convenience. It is primarily through the AICPA Code of Conduct, which you can read on the AICPA website. This material focuses on the concept of "independence" or the objectivity necessary to become a "good" CPA.
You take the ethics exam electronically and get your score immediately after submission. Each exam pack has its own unique serial number and you must enter it online. When you take the exam online for the first time, you may see a huge overwhelming answer sheet. Don't worry, you don't have to do all of this. There are only 40 questions in the exam itself.
If you are a better candidate using pen and paper, you can choose to do so and mail your answer sheet directly to the State Accounting Board. However, the snail mail method may take several weeks to find your score. If you decide to take this route, please remember to copy a test form before sending it. I personally are very paranoid about the mail system.
AICPA ethics exam tips and information you must know
Remember, you have two years of study time and start taking the exam from the time of purchase. In the event of an unfortunate event that you missed the deadline, you can contact AICPA directly for an extension of 30 days. You can contact them at 888-777-7077.
The exam is fairly straightforward, but if you need help, there is a very cool free resource called "Consulting Ethics Specialist." This is a website where you can ask up to three questions about the AICPA CPA ethics exam and get an answer for free.
What is the CPA ethics test fee?
Not as much as the CPA exam! You can purchase the CPA Ethics exam online from the AICPA website for less than $150.
If you are an AICPA member, you will need to pay a discount of nearly $100. If you want to buy more cost-effective options, you can contact your state board and seek advice from them. They usually have a list to share with you. I can't guarantee that other programs will be more cost effective.
If you end up with the course from the American Institute of Certified Public Accountants, the course you would like to receive is entitled "Professional Ethics: AICPA Comprehensive Course".
The following is the CPA ethics exam version of AICPA:
- 11 hours of CD course
- The 2-year time frame begins with the exam when you purchase the course.
- 40 multiple-choice questions test [requires 90% to pass]
- Electronic submission capability
- Study the CPA Ethics Examination
Both my son and I admit that studying this material for 11 hours can be very cruel. The good news is that you are not necessary. There are some materials you can use, but you must use your best judgment to make sure you don't have the key information you need to know without passing the exam.
When I see some of the latest questions about the exam, one of the best tips I can give you is not to be satisfied with the first best answer that sounds right. The exam is a multiple choice and is designed to deceive you. Be sure to read each option carefully before deriving the final answer.
If you don't like the online method, you can retake 2 times multiple times for a total of 3 times if you have not passed the exam. However, you can retake it after the third attempt, but this time you must mail it on the answer sheet.
So you have it. A complete overview of the CPA ethics exam. Look, on the same day, I have some heavy books to learn to prepare for the exam. Now you can use some very flexible, interactive online resources that are easier to digest and use. I suggest you take a look.
I recommend that you take the ethics exam immediately after completing the CPA exam and exclude it. I wish you all the best in passing the CPA ethics exam. Go to get that high CPA salary. If I can help you, please let me know.
Orignal From: CPA Ethics and Ethics
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