Mr. Mazin is an accountant in Black & White Enterprises, Shinas. As an accountant, Mr. Mazin acts diligently when providing professional services to Black & White Enterprises. Which fundamental principle of professional ethics have been followed by Mr. Mazin? O a. Objectivity O b. Professional due care O c Confidentiality O d. Professional behavior

Mr. Mazin is an accountant in Black & White Enterprises, Shinas. As an accountant, Mr. Mazin acts diligently when providing professional services to Black & White Enterprises. Which fundamental principle of professional ethics have been followed by Mr. Mazin? O a. Objectivity O b. Professional due care O c Confidentiality O d. Professional behavior

Contemporary Auditing

11th Edition

ISBN:9781337650380

Author:KNAPP

Publisher:KNAPP

Chapter5: Ethical Responsibilities Of Independent Auditors

Section5.1: Cardillo Travel Systems, Inc.

Problem 1Q

See similar textbooks

Similar questions

AFTER READING THE CODE OF ETHICS FOR PROFESSIONAL ACCOUNTANTS: IS THERE REALLY A NEED FOR A CODIFIED SET OF ACCEPTABLE ETHICAL BEHAVIOR? yes or no, justify your answer. GIVE 3 JUSTIFICATIONS AND ELABORATE YOUR ANSWER
Which of the following ethical principles states that "A professional accountant should avoid any action that discredits the profession"? a. Integrity b. Objectivity c. Professional behavior d. Professional competence
Identify to what ethical theories these quotations best relate. Explain your answers in 3 to 5 simplesentences: 2. “A distinguishing mark of the accountancy profession is its acceptance of the responsibility to act in thepublic interest. Therefore, a professional accountant’s responsibility is not exclusively to satisfy the needs ofan individual client or employer.” IFAC, Code of Ethics for Professional Accountants
Mr. Bader is leaving the accounting practice to become the Finance Director of a client company. The ethical dilemma he is most likely to face would be a. Objectivity b. Integrity c. Professional Behavior d. Confidentialit
Economics (a) Which would you choose as the priority for ethical behaviour in the accounting profession: “protect the public interest” or “protect the credibility of the profession?” Explain, providing an example. (b) Explain the affiliation between the fiduciary relationship and conflict of duties when a professional accountant provides a service to a client. Provide an example
True or False: Chartered Professional Accountants maintain their professional skills and competence by keeping informed of, and complying with, developments in their area of professional service. Select one: True False
Which of the following is not included in the Code of Ethics for professional accountants? a. Professional competence b. Professional behavior c. Objectivity d. Communication skills
Which of the following is not a code of ethics for professional accountants? Professional behavior Professional competence Objectivity Communication skills
Explain the professional ethical responsibility of an accountant and TWO(2) possible courses of ethical actions available to an accountant in practice.
When discussing and evaluating professional ethics, it is essential to understand the purpose, terminology, and repercussions of professional misconduct. The American Institute of Certified Public Accountants (AICPA) code of professional conduct is the gold standard for defining professional conduct in accounting; it is therefore important for business professionals to be familiar with. In this discussion, you will explore one principle in depth and discuss it and others with your peers. First, select one of the following principles of professional conduct to examine in the AICPA Code of Professional Conduct document: Responsibilities Public interest Integrity Objectivity and independence Due care Scope and nature of services Then, for your initial post, reflect on what appropriate practice of your selected principle would look like in the field, and also on some potential examples of violations of the principle. Use the following questions to help guide your reflections: How would…
How can I answer this question? "The IFAC Ethical Code of Conduct identifies five main key principles, these are Integrity, Objectivity, Professional Competence, Confidentiality and Professional Behaviour. You are required to discuss these key five principles along with the key threats to the ethical behaviour of accountants" Thank you for your support
Competence as a certified public accountant includes all of the following except: a Having the technical qualifications to perform an engagement. b Possessing the ability to supervise and to evaluate the quality of staff work. c Warranting the infallibility of the work performed. d Consulting others if additional technical information is needed.