Ethical Issues in Accounting

Mr. Adams is the accountant at HighFlow Mega Supermarket. He was recently fired and replaced with another employee, Ms. Emily, with no accounting training and experience. Which of the following does Ms. Emily lack?

• Integrity

• Ojectivity

• Confidentiality

• Professional Competnece

Stephon works in the accounts department. He was so fascinated with the balance in the bank account that he showed 3 of his friends. Which ethical principle in being breached?

• integrity

• Objectivity

• Confidentiality

• Professional competence

Mr. Lyon prepared a cheque for $50,000 and forged signatures on the cheque. Which of the following has Mr. Lyon did not follow?

• Integrity

• Objectivity

• Confidentiality

• Professional competence

Accountants must not allow bias, conflict of interest or the undue influence

of others to override their professional and business judgements.

Which ethical principle does this reflect?

• Professional behaviour

• Professional competence and due care

• Confidentiality

• Objectivity

Accountants must not use accounting information for their personal

advantage or the advantage of third parties.

Which ethical principles does this refer to?

• Professional Behaviour

• Professional competence and due care

• Confidentiality

• Objectivity

To exercise sound judgement, accountants must stay abreast with relevant

laws, regulations and technical standards.

Which ethical principle does this refer to?

• Professional behaviour

• Professional competence and due care

• Confidentiality

• Objectivity

Accountants must comply with relevant laws and regulations, and avoid

any action that discredits the profession.

Which ethical principles does this refer to?

• Professional behaviour

• Professional competence and due care

• Confidentiality

• Objectivity

Which of the following is not an ethical principle in the code of ethics?

• Objectivity

• Integrity

• Subjectivity

• Professional behaviour