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Ethical Professional Practice: The Statement of Ethical Professional Practice issued by The Institute of
Integrity: The standard of integrity focuses on reducing the conflict of interest by advising and communicating to the business associates of any possible conflict of interest. The professional should maintain integrity while performing his professional duties and should not compromise on ethics to gain some personal interest.
Confidentiality: The standard of confidentiality pronounces to maintain the confidentiality of information and prohibits the users from making any unethical usage of confidential information.
Competence: Competence standard is associated with maintenance of high degree of professional expertise and leadership and performance of duties with due diligence
Credibility: It stresses on the communication of reliable and transparent information so that the users can take a rational decision even the negative aspects should be covered in communication.
To Identify: Match the statements to the standard that is violated.
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Chapter 18 Solutions
Horngren's Accounting, The Financial Chapters (12th Edition)
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