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
Q: If the accountant identifies threat to compliance with the fundamental principles is at _____then…
A: Professional accountants are required to apply conceptual framework to identify threats to…
Q: 33) Which threat may occur when, because of a close relationship, a professional accountant becomes…
A: solution concept self interest threat Self interest threat is threat arising from the…
Q: 30-Which of the following statements relating to internal and external auditors is correct? i)…
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Q: Which one of the following code of ethics, shows the way to professional accountant to comply with…
A: Code of ethics are referred to as the set of rules that are being provided to the professional so…
Q: 44. Statement 1. Publicly listed companies are recommended to have a qualified Chief Audit…
A: Answer: Statement 1. Publicly listed companies are recommended to have a qualified Chief Audit…
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A: A true and fair view in accounting (specifically auditing)means that a financial statement is free…
Q: internal auditors.
A: Statement I is correct because without independence, the job of the internal auditors will become…
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A: (Since you have posted multiple questions, we will solve the first question for you. For the…
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Q: {Auditing} 48. Identify the relevance of “Professional Competence and Due Care” with one of the…
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Q: general safeguards, to offset the Threats to Fundamental Principles of professional ethics?
A: Option a is wrong because continuing professional development requirements are to be complied with…
Q: Mr. Bader is leaving the accounting practice to become the Finance Director of a client company. The…
A: The principles of the code of ethics are: Objectivity Integrity Confidentiality Professional…
Q: Which of the following statements relating to internal and external auditors is correct? i) Internal…
A: Internal auditors are auditors which are internal to the organisation and they are the employees of…
Q: A professional accountant should act diligently and in accordance with applicable technical and…
A: Solution: A professional accountant has a continuing duty to maintain professional knowledge and…
Q: 47-Which of the following are not the rights of the auditors? a) The right to all information and…
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Q: Professional behaviour refers to the obligation that all members of the professional bodies: a.…
A: Professional bodies are the professional organizations whereby the professional individual tend to…
Q: Which of the following Threats to The Fundamental Principles of professional ethics, that may occur…
A: According to Threats to The Fundamental Principles of professional ethics,Self interest threat may…
Q: Objectivity refers to the obligation that all members of the professional bodies: a. be…
A: A professional body is an organization whereby the individual members practice their profession.
Q: According to the ethical standards of the profession, which of the following acts by a CPA is…
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Q: {Auditing} 16. A professional accountant should respect the confidentiality of information acquired…
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Q: 50. Which of the following rules of conduct would fall under Integrity? Group of answer choices…
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Q: 118-Since accounting information is used for decision making. As a result of financial…
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Q: Statement 1. Publicly listed companies are recommended to have a qualified Chief Audit Executive…
A: Answer: Statement 1. Publicly listed companies are recommended to have a qualified Chief Audit…
Q: Question 6 Which of the following is an example of an "Advocacy" threat to compliance with which of…
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Q: 20. Which of the following is not a fundamental principle of ethics for Professional accountants? a.…
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Q: QUESTION 3 The IFAC international Ethics Standards Board for Accountant (IESBA) Code of Ethics for…
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Q: Which of the following is not included in the Code of Ethics for professional accountants? a.…
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Q: From the options given below find the reason/s to regulate the inefficiency in accounting profession…
A: Inefficiency in accounting profession means taking undue advantage in maintaining official records…
Q: An auditor’s client consent in writing is required before an auditor can disclose any information…
A: A professional accountant shall comply with principle of confidentiality, which requires an…
Q: From the options given below find the reason/s to regulate the inefficiency in accounting profession…
A: The profession under which the activities relating to the maintenance of accounting books,…
Q: A professional accountant should be straightforward and honest in all professional and business…
A: Integrity: A professional accountant should be straightforward and honest in all professional and…
Q: Describe two (2) of the fundamental principles from the accountant’s Code of Professional Conduct…
A: Consequentialist is the theory which states that action is good or bad grounded on the outcome. The…
Q: 1 Identify the relevance of “Professional Competence and Due Care” with one of the following…
A: An audit is a process of checking and verifying the books of account and financial information of…
Q: . Explain in details and with examples the threats to compliance to the Fundamental principles of…
A: answer are as follows:
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- 16 Which one of the following code of ethics, shows the way to professional accountant to comply with the relevant laws and regulations and should avoid any action that discredits the profession? a. Objectivity b. Confidentiality c. Professional Behavior d. Integrity17. 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. Integrity6. Which of the following Threats to The Fundamental Principles of professional ethics, that may occur as a result of the financial interests of a professional accountant in a client company. a. Advocacy threat b. Self-interest threat c. Self review threat d. Intimidation threat
- 20. Which of the following is not a fundamental principle of ethics for Professional accountants? a. Integrity b. Advocacy c. Objectivity d. ConfidentialityWhich ethical code is defined as “A professional accountant should not allow bias, conflict of interest or undue influence of others to override professional or business judgments” Professional competence and due care. None of the options Professional Behavior ConfidentialityWhich 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
- 33) Which threat may occur when, because of a close relationship, a professional accountant becomes too sympathetic to the interests of others? a) Self-interest threats b) Advocacy threats c) Familiarity threats d) Self-review threatsWhich of the following ethical principles states that “A professional accountant should not allow bias, conflict of interest or undue influence of others to override professional or business judgments” Professional Behaviour Confidentiality Integrity Objectivity44. 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. Irrevocability50. 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.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