Auditing 2 : Principles of Ethic

Which type of Ethic is applicable to an auditor who provide Audit Services to the client/company?

• Practice Ethic

• Business Ethic

• Subject Ethic

• Company Ethic

Why it is important for an auditor to act ethically?

• To make sure client/company are happy

• To gain trust from public who is the user of financial statements

• To avoid being penalty by the government

• To make sure the accountant prepare the financial statement accoridng to financial reporting standard

How many types of Principles of Ethic based on MIA By-Laws?

• 2

• 3

• 4

• 5

Which type of Principle of Ethic that is related for the following situation?

"professional accountants need to be sincere, honest and straightforward in his professional and business relationship"

• Competence and Due Care

• Integrity

• Confidentiality

• Objectivity

Which type of Principle of Ethic that is related for the following situation?

"Auditor need to maintain attitude of impartiality and do not be bias toward the company"

• Confidentiality

• Integrity

• Professional Behaviour

• Objectivity

When accountant or auditor attend formal education, relevant practical training and experience and continuing professional education, he or she is said to fulfill which type of Principles of Ethic?

• Integrity

• Objetcivity

• Professional Competence and Due Care

• Professional Behaviour

When an auditor disclose the confidential information about a company outside the firm without the company approval, the auditor has VIOLATES which type of Principle of Ethic?

• Professional Competence and Due Care

• Objectivity

• Confidentiality

• Integrity