Ethics for Accountants - 1

The AAT has code of ethics. True or False?

• True

• False

• May be

• I don't know

There are two approaches to professional ethics. What are they?

• Conceptual framework approach

• Framework basis approach

• Professional approach

• Rules principle approach

• Rules based approach

The professional ethical approach where if there is no rule against something, then it is assumed to be okay, is known as ......

• Conceptual framework approach

• Framework basis approach

• Professional approach

• Rules principle approach

• Rules based approach

The AAT's code of ethics does not apply students.

• Definitely true

• Sometimes but not always

• Definitely false

• None of the above

Which of these does a professional accountant has a duty to? (Tick one)

• The client

• Society as a whole

• The accounting profession

• Employer

• All of the above

The professional ethical approach where decisions are made following principles and each case is judged on its own merit is known as...

• Conceptual framework approach

• Framework basis approach

• Professional approach

• Rules principle approach

• Rules based approach

Which of these is not one of the Fundamental Ethical Principles?

• Professional behaviour

• Respect

• Objectivity

• Integrity

• Confidentiality

Which of these are Fundamental Ethical Principles? (Tick all that apply)

• Professional etiquette

• Honesty

• Professional Competence and due care

• Integrity

• Confidentiality

To be objective, the Accountant will have to ensure which two of the following?

• Independence of mind

• Independence in appearance

• Confidentiality

• Loyalty to clients

• Conflict of interest

Identify which Fundamental Ethical Principle is described below.

"Basing opinions and decisions on real facts rather than being influenced by personal beliefs, feelings or of other people."

• Professional behaviour

• Objectivity

• Integrity

• Confidentiality

• Professional competence and due care