American Institute of Certified Public Accountants (AICPA) Practice Exam

Disable ads (and more) with a membership for a one time $2.99 payment

Prepare for the AICPA Exam with quizzes, flashcards, and multiple-choice questions. Each question includes hints and explanations to enhance your understanding and boost your confidence for the actual exam.

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

Which one of the following is NOT a responsibility of a member?

To provide services based on professional judgment
To act in the best interest of clients
To generate profits above ethical standards
To uphold the reputation of the profession

The correct answer is: To generate profits above ethical standards

The option indicating the generation of profits above ethical standards is not considered a responsibility of a member. In the context of professional ethics, members are expected to prioritize integrity and adherence to ethical guidelines over the pursuit of profit. A key aspect of professional conduct emphasizes the importance of maintaining ethical standards, which invariably includes making decisions that may not always align with maximizing profits. Professionals are tasked with wearing multiple hats, which includes providing services based on informed professional judgment that reflects their expertise and training while also fostering trust with clients by acting in their best interests. Upholding the reputation of the profession signifies a commitment to ethical behavior and professional standards, reinforcing the necessity of integrity in all dealings. Thus, the focus on ethical conduct and the well-being of clients takes precedence over mere profit generation, highlighting the importance of ethical considerations in all professional responsibilities.