TEST YOUR UNDERSTANDING

The following are the regulators for code of ethics for professional accountants EXCEPT:

• Malaysia Instituted of Accountants

• Association of Chartered Certified Accountants

• International Federation of Accountants

• Bank Negara Malaysia

Which of the following is principle in code of ethics for professional accountants?

• Punctual

• Diligent

• Bias

• Hardworking

A professional accountants should not allow conflict of interest and undue influence of others. This refer to the?

• Integrity

• Competent and due care

• Objectivity

• Independence

Ethical dilemma is a situation that will often involve an apparent conflict between moral imperatives, in which to obey one would result negative impact to others.

• TRUE

• FALSE

Long association with business contacts influencing business decision.

This refer to which threats?

• Self-review threats

• Intimidation threats

• Advocacy threats

• Familiarity threats

Incentive compensation arrangements is refer to which threats?

• Self-interest threats

• Familiarity threats

• Advocacy threats

• Self-review threats