Ethics for Professional Accountants

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What is the primary goal of acting diligently and in accordance with applicable technical and professional standards?

To ensure compliance with relevant laws and regulations (correct)

To avoid legal liability

To maintain a good reputation in the industry

To increase profit margins

Which of the following is an example of a self-interest threat?

A professional accountant has a beneficial interest in a client's performance (correct)

A client tries to harass a professional accountant

A professional accountant is asked to promote a client's product

A professional accountant is too sympathetic to a client due to a close relationship

What is the main purpose of respecting the confidentiality of information acquired as a result of professional and business relationships?

To comply with relevant laws and regulations (correct)

To avoid legal liability

To maintain a good reputation in the industry

To protect clients' interests

Which of the following is an example of a familiarity threat?

A professional accountant is too sympathetic to a client due to a close relationship Signup and view all the answers

What is the key principle of professional behavior that is relevant to anti-money laundering?

Compliance with relevant laws and regulations Signup and view all the answers

Which of the following is an example of an intimidation threat?

A client tries to harass a professional accountant Signup and view all the answers

What is the main purpose of maintaining professional knowledge and skill at the level required to ensure that a client receives competent professional service?

To ensure competent professional service Signup and view all the answers

Which of the following is relevant to tax evasion prevention?

Compliance with relevant laws and regulations Signup and view all the answers

Which of the following is an example of an advocacy threat?

A professional accountant is asked to promote a client's product Signup and view all the answers

What is the key principle of professional behavior that is relevant to personal data protection?

Confidentiality Signup and view all the answers

Ethics for Professional Accountants

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Questions and Answers

What is the primary goal of acting diligently and in accordance with applicable technical and professional standards?

Which of the following is an example of a self-interest threat?

What is the main purpose of respecting the confidentiality of information acquired as a result of professional and business relationships?

Which of the following is an example of a familiarity threat?

What is the key principle of professional behavior that is relevant to anti-money laundering?

Which of the following is an example of an intimidation threat?

What is the main purpose of maintaining professional knowledge and skill at the level required to ensure that a client receives competent professional service?

Which of the following is relevant to tax evasion prevention?

Which of the following is an example of an advocacy threat?

What is the key principle of professional behavior that is relevant to personal data protection?

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