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ROLE OF REGULATORY & PROFESSIONAL ACCOUNTANCY BODIES IN PROMOTING ETHICAL & PROFESSIONAL STANDARDS IN THE PROFESSION

Quiz by DANIZAH BINTI CHE DIN

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6 questions
Show answers
  • Q1
    What is the role of regulatory and professional accountancy bodies in promoting ethical and professional standards in the profession?
    Monitoring and enforcing compliance with ethical and professional standards
    Running marketing campaigns
    Providing tax services
    Selling financial products
    30s
  • Q2
    How do regulatory and professional accountancy bodies contribute to maintaining trust in the accounting profession?
    By offering discounts on accounting software
    By establishing and enforcing ethical standards
    By organizing networking events
    By providing free accounting courses
    30s
  • Q3
    Why is it important for regulatory and professional accountancy bodies to promote ethical and professional standards in the accounting profession?
    To reduce competition in the industry
    To protect the public interest and maintain confidence in financial reporting
    To increase profit margins for accounting firms
    To attract more clients to accounting practices
    30s
  • Q4
    What role do regulatory and professional accountancy bodies play in maintaining standards of competency in the accounting profession?
    Promoting controversial financial practices
    Organizing social events for accounting professionals
    Setting education and training requirements for accountants
    Providing free accounting software to accountants
    30s
  • Q5
    What is the primary objective of regulatory and professional accountancy bodies in promoting ethical and professional standards in the accounting profession?
    To increase accountant salaries
    To maintain public trust and confidence
    To provide free tax services to the public
    To decrease competition among accounting firms
    30s
  • Q6
    How do regulatory and professional accountancy bodies contribute to enhancing the credibility of financial reports?
    By ensuring compliance with accounting standards and regulations
    By providing free tax preparation services
    By organizing social events for accountants
    By offering discounts on accounting software
    30s

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