This practice exam can be taken as many times as needed to feel confident and prepared for the Ethics & Controls Exam.
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You have a couple clients in the same industry. One of your clients wants to know how he is doing compared to your other clients. What do you tell him?CorrectIncorrect
What is your ethical responsibility as a bookkeeper? (Select all that apply.)CorrectIncorrect
A family member approaches you for bookkeeping services. What do you say?CorrectIncorrect
What are elements of due care? (Select all that apply.)CorrectIncorrect
If you are in compliance with all of the ethical principles, you will still be found at fault during litigation.CorrectIncorrect
Which of the following are types of internal controls? (Select all that apply.)CorrectIncorrect
Your client wants you to write checks for the business. Why do you tell him that you cannot do it by yourself?CorrectIncorrect
Proper authorization is what type of internal control?CorrectIncorrect
What directive controls should you encourage your client to maintain as his company grows?CorrectIncorrect
For their internal controls to be in compliance, your client should conduct physical inventory counts only when suspicious of theft.CorrectIncorrect