Professional Ethics Exams for CPAs
Complete Part I Requirements. Your answers to the following ten(10)
questions should be in paragraph format, not a numbered list. Part I should
be approximately 1–2 pages in APA format.
As demonstrated by the AICPA’s Acts Discreditable Rule, CPAs engage in
unethical behavior. In your opinion, what is the ultimate purpose of the
PETH exam?
What organization is responsible for the administration of the PETH exam
in your state?
How is the PETH exam administered (e.g., describe the format, number of
questions) and how often is it available/administered?
When can the candidate take the PETH exam?
How much does it cost to take the PETH exam?
Name three key topics covered on the PETH exam.
What percentage of correctly answered questions is considered a passing
score?
Anecdotal evidence suggests that the PETH exam is more difficult than
the CPA exam. What are the benefits to the accounting profession and to
individual accountants for completing such a difficult exam?
Once the candidate has earned his/her CPA license, what is the
continuing education ethics requirement to keep the candidate’s CPA
license status as ‘‘active’’ in the state of licensure?
The candidate does not need to take the PETH exam in a controlled
testing environment (as with the CPA exam). What are the pros and cons
of this ‘‘take home’’ testing approach?
