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Questions and Answers
What is the potential consequence of violating the code of ethics in auditing?
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?
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?
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?
What is the purpose of the code of ethics in auditing?
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Which of the following is an example of a threat to auditor independence?
Which of the following is an example of a threat to auditor independence?
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What is the purpose of the code of ethics in auditing?
What is the purpose of the code of ethics in auditing?
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