Podcast
Questions and Answers
What is the expectation for a professional accountant in business regarding ethics in their employing organization?
What is the expectation for a professional accountant in business regarding ethics in their employing organization?
- Maximize personal financial gains
- Implement financial strategies
- Ignore ethical considerations
- Encourage an ethics-based culture (correct)
Which action would lead to a self-interest threat for an accountant in business?
Which action would lead to a self-interest threat for an accountant in business?
- Working on a professional development program
- Volunteering for charity work
- Holding a financial interest in the employing organization (correct)
- Following the organization's code of conduct
What situation can create a self-review threat for a professional accountant in business?
What situation can create a self-review threat for a professional accountant in business?
- Attending an ethics training session
- Performing the feasibility study for an acquisition decision (correct)
- Submitting a report for review by senior management
- Participating in a team-building exercise
Which action could lead to an advocacy threat for a professional accountant in business?
Which action could lead to an advocacy threat for a professional accountant in business?
Which safeguard is beneficial for a professional accountant in the work environment?
Which safeguard is beneficial for a professional accountant in the work environment?
What should a professional accountant avoid to maintain integrity, objectivity, and reputation?
What should a professional accountant avoid to maintain integrity, objectivity, and reputation?
What type of threat is most frequent for a professional accountant in business?
What type of threat is most frequent for a professional accountant in business?
Which situation could create a self-review threat for a professional accountant in business?
Which situation could create a self-review threat for a professional accountant in business?
What is expected of a professional accountant in business with respect to integrity and reputation?
What is expected of a professional accountant in business with respect to integrity and reputation?
Which safeguard is essential for a professional accountant in the work environment?
Which safeguard is essential for a professional accountant in the work environment?
What creates an advocacy threat for a professional accountant in business?
What creates an advocacy threat for a professional accountant in business?
Which activity could lead to an integrity threat for a professional accountant in business?
Which activity could lead to an integrity threat for a professional accountant in business?
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