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Are You Ethically Sound?

6 Questions

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Are You Ethically Sound?

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@EntrancingStrength

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Questions and Answers

What is the potential consequence of violating the code of ethics in auditing?

A public award for exceptional auditing work

A promotion to a higher position

A financial bonus

Legal action or disciplinary measures (correct)

Which of the following is a key principle of the code of ethics in auditing?

Independence (correct)

Ignoring potential conflicts of interest

Maximizing profits for the client

Providing legal advice

Which of the following is NOT a fundamental principle of the code of ethics in auditing?

Objectivity

Profitability (correct)

Confidentiality

Integrity

What is the purpose of the code of ethics in auditing?

<p>To provide guidance on ethical behavior for auditors</p> Signup and view all the answers

Which of the following is an example of a threat to auditor independence?

<p>The auditor has a financial interest in the client's business</p> Signup and view all the answers

What is the purpose of the code of ethics in auditing?

<p>To provide guidance on how to conduct an audit</p> Signup and view all the answers

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