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Are You Ethically Sound?

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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?

To provide guidance on ethical behavior for auditors Signup and view all the answers

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

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

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

To provide guidance on how to conduct an audit Signup and view all the answers

Are You Ethically Sound?

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Questions and Answers

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

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

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

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

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

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

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