Answered: ll of the following are overarching…

ll of the following are overarching principles in the IMA Statement of Ethical Professional Practice except A) responsibility. B) objectivity. C) integrity. D) fairness.

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 4.4EC

See similar textbooks

Related questions

Q: Which of the following rules of conduct would fall under Integrity? Group of answer choices None of…

A: Rules of conduct include: Integrity Objectivity Confidentiality Competency

Q: In his research into the components of ethical decision making, Rest raised the following issue:…

A: Ethics are a set of moral principles they affect how people in a society make decisions and how…

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: Which of the following is considered a type of threat to compliance with the Rules of the Code of…

A: This above question be solved as per the Rules of the Code of Professional Conduct of AICPA

Q: How do I evaluate whether whistleblowing is a moral practice or not?

A: Whistle blowing is the one which calls the attention to the wrong happening within the business and…

Q: Which of the following is prohibited by the AICPA Code of Professional Conduct?

A: T o help respond effectively to new ethical challenges they face in serving…

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: To be ethical, the agent (person) must judge action viewed by absoluteness of good motive according…

A: Answer: False.

Q: What do you think is meant by the term ethical auditing with respect to the principles and rules of…

A: American Institute of Certified Public Accountants (AICPA): It is an association of certified…

Q: Which of the following proposes actions would clearly present an ethical dilemma to the company and…

A: IMA Standards: To help management personnel there are some principles and standards that have been…

Q: Required: From an ethical perspective, discuss whether the actions of the Department of Justice were…

Q: 20. A primary purpose for establishing a code of conduct within a professional organization is to:…

A: For a professional organisation, code of conduct means those rules, principles and guidelines that…

Q: Which of the following is true of “professional judgement”? A. It plays an especially important…

A: Professional Judgement - It is kind of behavior that requires you to make decisions, evaluation or…

Q: Looking at different literature, discuss if there is a unique definition for the social…

Q: Why is it important for a CPA to promote professional services in an ethical manner? Do you believe…

A: Professionalism is the level of knowledge and expertise a person has in his profession. Work ethic…

Q: Which one of the following is related to the nature of ethics? a. All options are correct b. Ethics…

A: Ethics means the right way of doing a work.

Q: ethically correct

A: (A) Public Sector Ethics Act 1994 (PSEA) governs ethics and conduct in the Queensland Public…

Q: Legal mandates and ethical mandates are: Group of answer choices Identical Different, with…

A: The answer is stated below:

Q: The AICPA Code of Professional Conduct derives its authority from the Bylaws of the AICPA. True or…

A: American Institute of Certified Public Accountants (AICPA) is a professional organization of CPA…

Q: With reference to Code of Ethics for accountants, discuss the ethical principles applicable to the…

A: Capitalization Capitalization means treating a cost as a part of an asset instead of recording the…

Q: The American writer, Robert McKee, is quoted as saying, “True character is revealed in the choices a…

A: Business Ethics: It is a form of professional ethics that stresses on the moral obligations of an…

Q: Identify the correct statement about the right approach to ethical decision-making Choose correct…

A: Requirement is to find an answer to mcq: Identify the correct statement about the right approach to…

Q: General Ethics. Is there any moral difference between a disapproved action in which youare caught…

A: Morality is indispensable for any and everything throughout everyday life. Be it the relationship…

Q: Which of the following is not related to ethical requirements of auditors?a. Due care.b.…

A: As per the ethical requirement of an auditor it is imperative that the auditor's exercises due care,…

Q: 50. Which of the following rules of conduct would fall under Integrity? Group of answer choices…

A: Code of conduct are the ethical rules, regulations and guidelines that an auditor must follow in…

Q: ethical code

A: which one of the following is related to ‘adherence to a strict moral or ethical code’. Correct…

Q: Summarize your thoughts on the Zelf articles. (1-2 paragraphs). Do you regard the CPA profession as…

A: A Certified Public Accountant provides professional service to its clients. They generally provide…

Q: A person behaves in such a way that it benefits the maximum number of people and minimize pain. This…

A: Explanation : Utilitarianism can be understood as a set of utilitarian ethical philosophies that…

Q: A primary purpose for establishing a code of conduct within a professional organization is to: a…

A: Code of conduct is the term which is defined as the set of rules that outlines or refers the…

Q: Under Rule 201, what best describes how an AIPCA member should act? a. With professional…

A: An auditor is a person who use to audit the book of accounts of client so as to give a true and fair…

Q: Give atleast four provisions of the Code of Professional Ethics for CPAs which must be observed by…

A: "As per the policy of our company, In case of multiple questions asked then, we are allowed to…

Q: Which of the following is not among the principles of the AICPAY Code of Professional Conduct? OA…

A: The question is multiple choice question. Required Choose the Correct Option.

Q: In the text, we point out that Rest’s model is not linear in nature. An individual who demonstrates…

Q: ?. How it should be recognized by salarized professionals as morally jistified .

A: Trust in authority is very different. Trust is not bred of fear, force, intimidation and rarely…

Q: To ensure that decisions are made in a professional and ethical manner, CPA Canada requires that all…

A: CPA stands for Certified Public Accountant. CPAs has to provide there opinion on the Financial…

Q: What are (a) the AICPA Principles of Professional Conduct, (b) Rules of Conduct, and (c)…

A: American Institute of Certified Public Accountants (AICPA) which gives the guidelines to the…

Q: In teaching about moral development, instructors often point out the threefold nature of morality:…

A: Emotional development enables someone to feel shame. An accountant will feel shameful of…

Q: Which ethical code is defined as “A professional accountant should not allow bias, conflict of…

Q: Which of the following statement explains the very basic objective of ethics? O a. Understand the…

A: Business organization refers to any organization which is formed to carry out the commercial…

Q: In GH Company, all staff are treated with the same level of respect and provided with the the same…

A: When fairness approach adopted, which means treated all are equal means. There is no partiality in…

Q: AICPA members who work in industry and government must always uphold which two of the following…

A: The correct options are (b & d)

Q: professional accountant

A: First option is wrong because professional behaviour is about attitude to be kept by the…

Q: on compliance with laws and regulation framework was created to comply with which fundamental…

A: Auditing refers to the process of inspecting and evaluating all the financial statements and data of…

Question

All of the following are overarching principles in the IMA Statement of Ethical Professional Practice except
A) responsibility.
B) objectivity.
C) integrity.
D) fairness.

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions

Select one of the following principles of professional conduct to examine in the AICPA Code of Professional Conduct document: Responsibilities Public interest Integrity Objectivity and independence Due care Scope and nature of services 1-How would you define and describe your selected principle in your own words? 2-What value does the principle bring to practitioners, businesses, and clients? 3-What is an example of a difficult situation that a practitioner may face related to your selected principle, and what would an ethical response to the situation be? Why might a practitioner be tempted to, or accidentally, not take an ethical course of action?
Which of the following is NOT one of the AICPA Principles of Professional Conduct? Select one: Organizational sustainability Independence Responsibilities Due Care
Select one of the following principles of professional conduct to examine in the AICPA Code of Professional Conduct document: Responsibilities Public interest Integrity Objectivity and independence Due care Scope and nature of services
Describe two (2) of the fundamental principles from the accountant’s Code of Professional Conduct and critically evaluate whether they are an example of consequentialist, non-consequential or virtue ethics
A primary purpose for establishing a code of conduct within a professional organization is to: a Reduce the likelihood that members of the profession will be sued for substandard work. b Ensure that all members of the profession perform at approximately the same level of competence. c Demonstrate acceptance of responsibility to the interests of those served by the profession. d Require members of the profession to exhibit loyalty in all matters pertaining to the affairs of their organization
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
What is a written system of standards that guides ethical conduct
What do you think is meant by the term ethical auditing with respect to the principles and rules of professional conduct in the AICPA Code?
Under Rule 201, what best describes how an AIPCA member should act? a. With professional competence. b. With due professional care. c. With adequate planning and with appropriate supervision. d. All of the above
Which of the following statements best explains why public accounting, as a profession, promulgates ethical standards and establishes means for ensuring their observance? A. Ethical standards are established so that users of accounting services know what to expect and accounting professionals know what behaviors are acceptable, and so that discipline can be applied when necessary. B. Ethical standards that emphasize excellence in performance over material rewards establish individual reputations for competence and character. C. A requirement for a profession is to establish ethical standards that primarily stress responsibility to clients and colleagues. D. Vigorous enforcement of an established code of ethics is the best way to prevent unscrupulous acts.
explain the three ethical principles that provide guidance for ethical responsibility
non compliance with laws and regulation framework was created to comply with which fundamental principles? a. professiona competence and due care b. objectivity c. integrity d. confidentiality