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Q 1/11
Score 0
A member who is not compromised in their professional or business judgement because of bias, conflict of interest or the undue influence of others, is demonstrating the ethical principle of:
60
Objectivity
Intergrity
Professional Compentence
Professional Behaviour
Q 2/11
Score 0
Edward, an accountant in practice is asked by his manager for a figure from a client's draft financial statements, as the manager is preparing a report. Edward has already logged off his computer for the day, so quotes a figure which he thinks is familiar, although he does not know the exact number. State the fundamental ethical principle threatened by Edward's behaviour.
60
Integrity
Confidentiality
Professional competence
Objectivity
11 questions
Q.
A member who is not compromised in their professional or business judgement because of bias, conflict of interest or the undue influence of others, is demonstrating the ethical principle of:
1
60 sec
Q.
Edward, an accountant in practice is asked by his manager for a figure from a client's draft financial statements, as the manager is preparing a report. Edward has already logged off his computer for the day, so quotes a figure which he thinks is familiar, although he does not know the exact number. State the fundamental ethical principle threatened by Edward's behaviour.
2
60 sec
Q.
Finlay, an accountant in practice, holds shares in a client company. State the threat to Finlay's fundamental ethical principles raised by his situation
3
60 sec
Q.
An accountant promotes a client's position or opinion to the point that subsequent objectivity might be compromised.
4
60 sec
Q.
An accountant becomes deterred from acting objectively by actual or perceived threats. State the type of threat to fundamental ethical principles described above.
5
60 sec
Q.
Which of the following is not a member of the CCAB
6
60 sec
Q.
Your firm of accountants generates a high percentage of its income from one client. Which is the threat to fundamental ethical principles raised by this situation?
7
60 sec
Q.
Roger, an accountant in practice, has helped a longstanding client, who sells sports cars, secure a major acquisition of a company for a good price. As a thank you, the client wants to give Roger a new car. What is the threat to fundamental ethical principles raised by this situation?
8
60 sec
Q.
Toby, an accountant in business, prepare the monthly management accounts. He is concerned that his job will be under threat, unless the net profit margin of the business improves. What is the threat to fundamental ethical principles raised by this situation?
9
60 sec
Q.
Alfred, an accountant in business, has prepared a cash flow forecast required by the bank. When reviewing this, Alfred's manager tells him to increase the figures for cash sales of a particular product, even though Alfred knows that sales of this product are declining. What is the threat to fundamental ethical principles raised by this situation?
10
60 sec
Q.
A former partner of your firm of accountants is now the Finance Director at one of your client's What is the threat to fundamental ethical principles raised by this situation?
