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Questions and Answers
What is the professional organization that accountants in the Philippines are members of?
What is the professional organization that accountants in the Philippines are members of?
- Board of Accountancy (BOA)
- Philippine Institute of Certified Public Accountants (PICPA) (correct)
- Professional Regulation Commission (PRC)
- International Federation of Accountants (IFAC)
What is the code of ethics that was adopted by the Philippine Institute of Certified Public Accountants (PICPA)?
What is the code of ethics that was adopted by the Philippine Institute of Certified Public Accountants (PICPA)?
- Code of Professional Ethics for CRAs in the Philippines (correct)
- Board of Accountancy (BOA) Code of Ethics
- International Federation of Accountants (IFAC) Code of Ethics
- Code of Ethics for Professional Accountants
What is the purpose of the Code of Professional Ethics for CRAs in the Philippines?
What is the purpose of the Code of Professional Ethics for CRAs in the Philippines?
- To establish a relationship among business, government, the investing public, and other users of financial information (correct)
- To regulate the practice of accounting in the Philippines
- To certify public accountants in the Philippines
- To promote entrepreneurship among accountants
What is the international body that represents all major accounting bodies across the world?
What is the international body that represents all major accounting bodies across the world?
What is the effective date of the revised Code of Ethics for Professional Accountants developed by the International Federation of Accountants (IFAC)?
What is the effective date of the revised Code of Ethics for Professional Accountants developed by the International Federation of Accountants (IFAC)?
What is the term used to describe certified public accountants who manage their own businesses?
What is the term used to describe certified public accountants who manage their own businesses?
What is the primary mission of the organization mentioned in the passage?
What is the primary mission of the organization mentioned in the passage?
What is implied by the concept of 'Integrity' in the context of professional accounting?
What is implied by the concept of 'Integrity' in the context of professional accounting?
What is a professional accountant expected to do when they encounter reports with misleading information?
What is a professional accountant expected to do when they encounter reports with misleading information?
What is the essence of 'Objectivity' in professional accounting?
What is the essence of 'Objectivity' in professional accounting?
What is a professional accountant's continuing duty in terms of professional competence?
What is a professional accountant's continuing duty in terms of professional competence?
Which of the following is NOT a principle mentioned in the passage?
Which of the following is NOT a principle mentioned in the passage?
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