Professional Ethics in Accounting
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Questions and Answers

What is at the core of any profession?

  • Seeking personal benefits
  • Fulfilling individual goals
  • Acting in the best interests of society (correct)
  • Maximizing self-interest

    • Why is the accounting profession integral to market economies?

  • Maximizing self-interest
  • Avoiding public disclosure
  • Manipulating financial information
  • Ensuring the free flow of accurate information (correct)

    • What distinguishes a professional accountant's work according to the text?

  • Ignoring public interest
  • Manipulating information for personal benefit
  • Maximizing personal gain
  • Distinguishing between public interest and self-interest (correct)

    • How will the accounting profession retain its integrity and authority?

    <p>By serving the wider public interest</p> Signup and view all the answers

    What is required for economies and societies to function efficiently?

    <p>The free flow of accurate information</p> Signup and view all the answers

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