Accounting Ethics Principles
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A professional Accountants should comply with relevant laws and regulations and should avoid any action that discredits the profession, this principle is known as:

  • 1. Professional Compliances and due care
  • 2. Professional Judgement
  • 3. Professional behave (correct)
  • 4. Professional Skepticism

    • 2 In which of the following circumstances, there exist a professional duty or right, to disclose the information acquired as a result of Professional relationship:

  • 1. To comply with requirements of peer review or Quality Review.
  • 2. To respond to on inquiry or investigation by regulatory body
  • 3. To comply with technical and ethical standards.
  • 4. All of the above. (correct)

    • Threats occur as a result of the financial or other interests of a professional accountant or as relative is known as:

  • 1. Self-interest Threats (correct)
  • 2. Self-review Threats
  • 3. Familiarity Threats
  • 4. Intimidation Threats

    • 4 Threats occur when professional accountant may be deterred from acting objectively by threats, actual or perceived is known as

    <ol start="4"> <li>Intimidation Threats</li> </ol> Signup and view all the answers

    Mr. A, a practicing Chartered Accountant agreed to select and recruit personal, conduct training programmed for and on behalf of a client.

    <ol start="3"> <li>No misconduct arises on part of Mr. A</li> </ol> Signup and view all the answers

    Mr. S, a practicing Chartered Accountant agreed to "Portfolio management services" to his client M/s D limited.

    <ol> <li>S, is guilty of Professional misconduct.</li> </ol> Signup and view all the answers

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