Test Bank for Auditing: A Practical Approach 3rd Edition Robyn Moroney, Fiona Campbell, Jane Hamilton Chapter 2: Ethics, legal liability and client acceptance True/False 1. The fundamental ethical principles that apply to all members of the professional bodies are to act with integrity, objectivity, professional competence and due care, confidentiality and professional behaviour. *a. True b. False Correct answer: a Learning Objective 2.1 ~ explain the fundamental principles of professional ethics 2. Compliance with the fundamental ethical principles is mandatory for all members of the accounting profession. *a. True b. False Correct answer: a Learning Objective 2.1 ~ explain the fundamental principles of professional ethics 3. For an auditor to be truly independent they must possess independence of mind and independence of appearance. *a. True b. False Correct answer: a Learning Objective 2.2 ~ define and assess auditor independence 4. An example of an advocacy threat is encouraging others to buy shares or bonds being sold by the client. *a. True b. False Correct answer: a Learning Objective 2.2 ~ define and assess auditor independence
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QMI1500 Assignment 02 2021 AS PER UPDATED TUTORIAL LETTER...
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