KCHAP 14,7,6

It is in the public interest for accountants to follow a professional ethics framework.

• A True

• B False

Ethical guidance from ICAEW is in the form of rules rather than principles.

• C True

• D False

Rules-based codes offer a more straightforward ethical framework, as they cover specific situations.

• E True

• F False

A principles-based ethical framework encourages auditors to apply general principles to their specific situation.

• A True

• B False

A principles-based ethical framework takes the form of a checklist of forbidden items which auditors can efficiently check off.

• C True

• D False

A principles-based ethical framework can more effectively accommodate a fast-changing environment.

• E True

• F False

Code of Ethics?

• A Integrity

• B Courtesy

• C Objectivity

• D Confidentiality

Which one of the following combinations of threats arises in this scenario?

• A Advocacy and intimidation threats

• B Advocacy and self-interest threats

• C Self-review and self-interest threats

• D Familiarity and self-interest threats

Which one of the following threats is created if Marr LLP accept this assignment?

• A Intimidation threat

• B Advocacy threat

• C Familiarity threat

• D Management threat

Which one of the following threats is created by this situation?

• A Intimidation

• B Advocacy

• C Familiarity

• D Management