Code of Ethics for Chartered Accountants

HolySerpentine4856 avatar
HolySerpentine4856
·

Start Quiz

Study Flashcards

16 Questions

What is the primary responsibility of a chartered accountant?

Which of the following is considered an inducement?

What does an inducement aim to do?

Which of the following is NOT considered an inducement?

What is considered professional misconduct under Clause 5 of the Chartered Accountants Act?

What behavior would violate Clause 7 of the Chartered Accountants Act?

Under which clause would a Chartered Accountant be guilty of misconduct for failing to obtain sufficient information for expressing an opinion?

What kind of conduct is prohibited by the Chartered Accountants Act under 'D.FINANCIAL INTERESTS, COMPENSATION AND INCENTIVES LINKED TO FINANCIAL REPORTING AND DECISION MAKING'?

What was the consideration for the sale of land to Zest Ltd?

How was the transaction of selling the land and repurchasing it treated in the Statement of Profit and Loss?

Why should Infostar Ltd not have derecognized the land from the financial statements?

According to Ind AS 115, under what conditions can a repurchase agreement be considered for qualifying as a sale?

What should a Chartered Accountant do if they become aware of non-compliance or suspected non-compliance?

Under what circumstances would disclosure of a matter to an appropriate authority be precluded?

What action should a Chartered Accountant take if their immediate superior appears to be involved in a non-compliance matter?

What is the purpose of making disclosure of a matter to an appropriate authority?

Description

Test your knowledge of the Code of Ethics for chartered accountants, specifically focusing on their responsibility to act in the public interest. Understand the requirements and application materials outlined in the Code to uphold professional standards and ethical principles.

Make Your Own Quiz

Transform your notes into a shareable quiz, with AI.

Get started for free

More Quizzes Like This

Business and Commercial Knowledge Quiz
10 questions
Chartered Accountants Quiz
3 questions
Business Law Quiz for Chartered Accountants
10 questions
Use Quizgecko on...
Browser
Browser