Performing tasks for which an accountant is not competent is unethical’
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“Performing tasks for which an accountant is not competent is unethical’. Discuss this statement and provide two (2) examples to support your viewpoint.
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- 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 competenceWhich 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 ObjectivityWhich 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 Confidentiality
- Discuss the importance of ethical behavior in accounting and the consequences of unethical behavior.Which one of the following fundamental principles of professional conduct is under threat when an accountant prepares an advertisement comparing the quality of their work with that of other accountants? Select one: a. Objectivity b. Professional behaviour c. Professional competence and due care d. Professional scepticismIn the text, we point out that Rest’s model is not linear in nature. An individual who demonstrates adequacy in one component may not necessarily be adequate in another, and moral failure can occur when there is a deficiency in any one component. Give an example in accounting when ethical intent may not be sufficient to produce ethical behavior and explain why that is the case.
- Do you think there are any circumstances when you should go outside the company to report financial wrongdoing? If so, to what person/organization would you go? Why? If not, why would you not take the information outside the company?How do the concepts of cognitive dissonance and organizational/ethical dissonance relate to whether an accountant might choose to blow the whistle on corporate wrongdoing?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
- Two factors that typically lead to ethical violations are relevance and timeliness of accounting information. Group of answer choices True FalseWhat conflicts will the accountant encounter when trying to decide on “full disclosure” of negative issues?6. 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