Questionnaire on the IESBA Code of Ethics

The main objective of the IESBA is to protect the interests of clients and companies before the public interest.

• True

• False

The principle of integrity requires that accountants be honest and not be associated with false or misleading information.

• True

• False

Confidentiality no longer applies once the professional relationship with the client has ended.

• True

• False

The conceptual framework of the IESBA Code promotes professional judgment and ethical reflection rather than a simple rules-based approach.

• True

• False

Which of the following is one of the five fundamental principles of the IESBA Code of Ethics?

• Transparency

• Integrity

• Social Responsibility

• Operational Efficiency

What type of threat occurs when an accountant has to review their own work or that of their firm?

• Familiarity Threat

• Self-Review Threat

• Intimidation Threat

• Advocacy Threat

Which part of the IESBA Code specifically applies to professional accountants in business?

• Part 1

• Part 2

• Part 3

• Part 4B

What should an accountant do if a threat cannot be reduced to an acceptable level?

• Ignore it and continue working

• Consult with the client

• Decline or withdraw from the engagement

• Seek financial compensation

What is the main purpose of the IESBA according to its Code of Ethics?

• Increase the profitability of accounting firms

• Develop ethical standards to protect the public interest

• Promote competition among accountants

• Regulate international taxation

In the case "Improper Accounting for Sales (CCAB, 2022)", which ethical principles were threatened?

• Confidentiality, Objectivity, and Professional Competence

• Integrity, Objectivity, and Professional Behavior

• Independence, Diligence, and Social Responsibility

• Transparency, Equity, and Professionalism