20. A primary purpose for establishing a code of conduct within a professional organization is to: Group of answer choices Require members of the profession to exhibit loyalty in all matters pertaining to the affairs of their organization. Demonstrate acceptance of responsibility to the interests of those served by the profession Reduce the likelihood that members of the profession will be sued for substandard work Ensure that all members of the profession perform at approximately the same level of competence

20. A primary purpose for establishing a code of conduct within a professional organization is to: Group of answer choices Require members of the profession to exhibit loyalty in all matters pertaining to the affairs of their organization. Demonstrate acceptance of responsibility to the interests of those served by the profession Reduce the likelihood that members of the profession will be sued for substandard work Ensure that all members of the profession perform at approximately the same level of competence

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

QUESTION 3 The IFAC international Ethics Standards Board for Accountant (IESBA) Code of Ethics for Professional Accountants set out the five fundamental principles of professional ethics and provides a conceptual framework for applying those principles. Professional Accountants must apply this conceptual framework to identify threats to compliance with the principles, evaluate their significance and apply appropriate safeguards to eliminate or reduce them so that compliance is not compromised. Required: Explain FIVE major threats identified in the code of ethics giving ONE example of each.
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
Give atleast four provisions of the Code of Professional Ethics for CPAs which must be observed by those engaged in MAS. Explain each. The CPA should provide for client participation in MAS. Explain.
A certification by a qualified institution pursuant to 29 CFR 2520.103-5(c) must Select one: a. state that the information is accurate. b. be signed by any senior manager c. state that the information is complete. d. state that the information is complete and accurate.
10. The primary objective of a(n) ________ is to assist two feuding parties in coming to a mutually agreeable solution. A. Negotiator B. Manager C. Mediator D. All of these 11. If a workplace conflict is affecting either your or someone else's performance: A. Bring it to the attention of a supervisor B. Contact a private attorney or government agency if you feel the company is not properly handling the situation C. Document D. All of these 12. ________ harassment includes any behavior of a sexual nature by another employee that is offensive. A. Hostile behavior B. Quid pro quo C. Sexual D. Pro bono
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
What are (a) the AICPA Principles of Professional Conduct, (b) Rules of Conduct, and (c) Interpretation of Rules of Conduct?
Which of the following is not a general standard that applies to CPA client services?a. Client interestb. Due professional carec. Professional competenced. All of the above are general standards applicable to CPA client services
In GH Company, all staff are treated with the same level of respect and provided with the the same benefits, this applies which ethical approach? O a. Ethical relativism O b. Justice approach O C. Virtue ethics o d. Teleological approach
Which 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 Objectivity