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7- Which ethical principle states that members should honor the public trust and Integrity Demonstrate a commitment to professionalism? a. Integrity b- Public Interest C-

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7- Which ethical principle states that members should honor the public trust and Integrity Demonstrate a commitment to professionalism? a. Integrity b- Public Interest C- Due Care d- Responsibilities 8- Which of the following is subject to enforcement under the Rules of Conduct? a- Independence in Fact b- Independence in Appearance 9. Under the join trial board procedures, which of the following is not a possible disciplinary action that could be taken: a- Admonishment b- Suspension for five years C- Expulsion d- Suspension for two years or less 10- Failure to exercise even slight care is considered to be: a- Ordinary Negligence b- Gross Negligence C- Fraud d- Deception _11- The ethical standards of the profession would most likely be considered to be violated if a CPA a Jointly owns a building with an audit client's President and the investment is material to the CPA b- Has an insured account with a brokerage firm that is an audit client and the account is used for occasional cash transactions. c. is asked by an audit client to act as a "finder" in the acquisition of another company on a per diem basis d. Searches for and initially screens candidates for the vacant controllership of an audit client 12- Under common law, all of the following would be included as a foreseeable party except: a-The audit client b-The client's creditors c-The client's present investors d-The client's future investors

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