50. Which of the following rules of conduct would fall under Integrity? Group of answer choices Shall not accept anything that may impair or be presumed to impair their professional judgment. Shall exhibit the highest level of professional objectivity in gathering, evaluating, and communicating information about the activity or process being examined. None of the choices Shall not use information for any personal gain or in any manner that would be contrary to the law or detrimental to the legitimate and ethical objectives of the organization. Shall respect and contribute to the legitimate and ethical objectives of the organization.

50. Which of the following rules of conduct would fall under Integrity? Group of answer choices Shall not accept anything that may impair or be presumed to impair their professional judgment. Shall exhibit the highest level of professional objectivity in gathering, evaluating, and communicating information about the activity or process being examined. None of the choices Shall not use information for any personal gain or in any manner that would be contrary to the law or detrimental to the legitimate and ethical objectives of the organization. Shall respect and contribute to the legitimate and ethical objectives of the organization.

Business/Professional Ethics Directors/Executives/Acct

8th Edition

ISBN:9781337485913

Author:BROOKS

Publisher:BROOKS

Chapter6: Professional Accounting In The Public Interest

Section: Chapter Questions

Problem 4.2EC

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44. Which of the following rules of conduct would fall under Integrity? Group of answer choices None of the choices Shall respect and contribute to the legitimate and ethical objectives of the organization. Shall exhibit the highest level of professional objectivity in gathering, evaluating, and communicating information about the activity or process being examined. Shall not use information for any personal gain or in any manner that would be contrary to the law or detrimental to the legitimate and ethical objectives of the organization. Shall not accept anything that may impair or be presumed to impair their professional judgment.
Which of the following is considered a type of threat to compliance with the Rules of the Code of Professional Conduct? A. Self interest B. Illegitimate skepticism C. Lack of management participation D. Irrevocability
24. A professional accountant should comply with relevant laws and regulations and should avoid any action that discredits the profession. Which of the following Fundamental principles of professional ethics matching with the above? a. Objectivity b. Integrity c. None of the options d. Confidentiality
General Ethics. Is there any moral difference between a disapproved action in which youare caught and the same action that never becomes known to anyone else? Do many persons in business and professional society make a distinction between these two circumstances? If you respond that you do (or do not) perceive a difference while persons inbusiness and professional society do not (or do), how do you explain the differences inattitudes?
18. Which of the following is/are the general safeguards, to offset the Threats to Fundamental Principles of professional ethics? a. Continuing professional development requirements b. All the given options c. Professional standards d. Professional or regulatory monitoring and disciplinary procedures
41. Which of the following statements is/are correct? Statement I. Current professional auditing standards prohibit external auditors from using internal auditors for direct assistance on external audits. Statement II. Current professional auditing standards require external auditors to use internal auditors for direct assistance on external audits. Group of answer choices None of the statements Statement II only Statement I only Statements I and II
Which of the following is not a measure to safeguard or offset the threats to fundamental Principles? Professional disciplinary procedures Professional behaviour Professional standards Corporate governance
17. A professional accountant should act diligently and in accordance with applicable technical and professional standards when providing professional services. Which of the following Fundamental principles of professional ethics matching with the above? a. Confidentiality b. Objectivity c. None of the options d. Integrity
Under the AICPA Code of Professional Conduct, which of the following rules is not applicable to CPAs in business? A. Integrity and objectivity B. General standards C. Independence D. Acts discreditable
Which of the following ethical principles states that "A professional accountant should avoid any action that discredits the profession"? a. Integrity b. Objectivity c. Professional behavior d. Professional competence
Identify two examples of acts or behavior by CPAs that would beconsidered discreditable to the profession under Rule 501.
20. Which of the following is not a fundamental principle of ethics for Professional accountants? a. Integrity b. Advocacy c. Objectivity d. Confidentiality