Accounting Gr12

Accounting Gr12

12th Grade

14 Qs

quiz-placeholder

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Accounting Gr12

Accounting Gr12

Assessment

Quiz

Other

12th Grade

Medium

Created by

Tutor King

Used 1+ times

FREE Resource

14 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Which of the following is a key principle of accounting ethics?

Honesty

Profitability

Growth

Competitiveness

2.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Which ethical value is essential in accounting practices?

Transparency

Deceit

Corruption

Concealment

3.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

What is a fundamental aspect of accounting ethics?

Confidentiality

Disclosure

Secrecy

Revelation

4.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

What is the role of independent auditor

To prioritize personal interests over professional duties

To maintain objectivity and avoid conflicts of interest

To disclose confidential information to competitors

To manipulate financial data for personal gain

5.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Which of the following best describes the role of internal and external auditors in ensuring ethical practices within a company?

Internal auditors ensure compliance with legal regulations, while external auditors verify financial statements.

External auditors prevent fraud, while internal auditors manage corporate social responsibility.

Internal auditors focus on operational efficiency, while external auditors assess corporate governance.

External auditors investigate financial irregularities, while internal auditors maintain ethical standards.

6.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

SAICA stands for:

South African Institute of Cost and Accountants

South African Institute of Chartered Accounts

South African Institute of Chartered Architects

South African Institute of Chartered Accountants

7.

MULTIPLE SELECT QUESTION

15 mins • 1 pt

Which of the following is a direct way that a company can support its community through corporate social responsibility (CSR)?

Donating funds to local charities

Offering discounted products to employees

Partnering with local schools or universities to offer mentorship programs.

Providing grants or scholarships for community projects or education.

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