Accounting is a profession and therefore it is based on all of the following except

Inhaltsverzeichnis Show

Which of the following ethical principles do not incorporate the characteristics most people associate with ethical behaviour?
The Code of Ethics for Professional Accountants is divided into three parts. Which of the following is not one of those parts?
A distinguishing mark of the accountancy profession is its acceptance of the responsibility to act in the public interest. Therefore:
The IFAC Code prohibits the following non-audit service for audit clients:
The Code of Ethics for Professional Accountants Section 290 suggests that independence in assurance services is required because:
Which of the following is not correct about independence of mind?
Which of the following would be considered a self-interest threat?
Which of the following is not a safeguard created by the profession, legislation or regulation?
The compromise or appearance of compromise of independence may arise if:
Ownership of 10 shares of an audit client and ownership by an auditor of a small part of a joint venture in which a secretary at the audit client also owns shares are examples of:
Based on the independence provisions of the Sarbanes–Oxley Act 2002, which of the following is not true about an audit firm's services to audit clients?
Financial involvement with a client will affect independence and may lead a reasonable observer to conclude that independence has been impaired. Which of the following is not a form of financial involvement with a client?
Differences in view of an employee within a company about the correct judgement on accounting or ethical matters should normally be:
‘A professional accountant should not allow bias, conflict of interest or undue influence of others to override professional or business judgments’ is the definition of what ethics principle?
Safeguards for accepting an audit engagement shall be applied to eliminate any threats or reduce them to an acceptable level. Which of the following is not a reasonable safeguard for accepting an audit engagement?
Regarding auditor remuneration, a self-interest threat to professional competence and due care is created if:
To safeguard against a self-interest threat to objectivity, a professional accountant in public practice entrusted with money (or other assets) belonging to others should do all the following except:
The state of mind that permits the expression of a conclusion without being affected by influences that compromise professional judgement, thereby allowing an individual to act with integrity and exercise objectivity and professional scepticism, is called:
If a member of the audit team, a member of that individual’s immediate family, or a firm has a direct financial interest or a material indirect financial interest in the audit client then:
Providing certain non-assurance services to an audit client may create a threat to independence so significant that no safeguards could reduce the threat to an acceptable level. All the following are examples of this type of non-assurance services except:
Which of the following is an example of a role an accountant plays?
Which of the following is the most correct definition of accounting?
Which of the following is considered to be a constraint in accounting?
Which of the following is typically required for entry level positions in the accounting profession?

[Skip Breadcrumb Navigation]

Home

Questions

Chapter 3

Multiple choice questions

Try the following questions to test your knowledge of this chapter. Once you have answered the questions, click on 'Submit Answers for Grading' to get your results. This activity contains 20 questions.

Which of the following ethical principles do not incorporate the characteristics most people associate with ethical behaviour?

The Code of Ethics for Professional Accountants is divided into three parts. Which of the following is not one of those parts?

A distinguishing mark of the accountancy profession is its acceptance of the responsibility to act in the public interest. Therefore:

The IFAC Code prohibits the following non-audit service for audit clients:

The Code of Ethics for Professional Accountants Section 290 suggests that independence in assurance services is required because:

Which of the following is not correct about independence of mind?

Which of the following would be considered a self-interest threat?

Which of the following is not a safeguard created by the profession, legislation or regulation?

The compromise or appearance of compromise of independence may arise if:

Ownership of 10 shares of an audit client and ownership by an auditor of a small part of a joint venture in which a secretary at the audit client also owns shares are examples of:

Based on the independence provisions of the Sarbanes–Oxley Act 2002, which of the following is not true about an audit firm's services to audit clients?

Financial involvement with a client will affect independence and may lead a reasonable observer to conclude that independence has been impaired. Which of the following is not a form of financial involvement with a client?

Differences in view of an employee within a company about the correct judgement on accounting or ethical matters should normally be:

‘A professional accountant should not allow bias, conflict of interest or undue influence of others to override professional or business judgments’ is the definition of what ethics principle?

Safeguards for accepting an audit engagement shall be applied to eliminate any threats or reduce them to an acceptable level. Which of the following is not a reasonable safeguard for accepting an audit engagement?

Regarding auditor remuneration, a self-interest threat to professional competence and due care is created if:

To safeguard against a self-interest threat to objectivity, a professional accountant in public practice entrusted with money (or other assets) belonging to others should do all the following except:

The state of mind that permits the expression of a conclusion without being affected by influences that compromise professional judgement, thereby allowing an individual to act with integrity and exercise objectivity and professional scepticism, is called:

If a member of the audit team, a member of that individual’s immediate family, or a firm has a direct financial interest or a material indirect financial interest in the audit client then:

Providing certain non-assurance services to an audit client may create a threat to independence so significant that no safeguards could reduce the threat to an acceptable level. All the following are examples of this type of non-assurance services except:

Answer choices in this exercise appear in a different order each time the page is loaded.

Which of the following is an example of a role an accountant plays?

An accountant performs financial functions related to the collection, accuracy, recording, analysis and presentation of a business, organization or company's financial operations. In a smaller business, an accountant's role may consist of primarily financial data collection, entry and report generation.

Which of the following is the most correct definition of accounting?

Accounting is the systematic process of recording, classifying, summarizing, interpreting and communicating financial information to its users. It reveals profit and loss for a given period and the values and nature of firm's assets, liabilities and owner's equity. Was this answer helpful?

Which of the following is considered to be a constraint in accounting?

Types of constraints include objectivity, costs and benefits, materiality, consistency, industry practices, timeliness, and conservatism, though there may be other types of constraints not listed.

Which of the following is typically required for entry level positions in the accounting profession?

Entry-level positions in the accounting profession usually require a minimum of a bachelor's degree. For advanced positions, firms may consider factors such as years of experience, professional development, certifications, and advanced degrees, such as a master's or doctorate.

Accounting is a profession and therefore it is based on all of the following except

Which of the following ethical principles do not incorporate the characteristics most people associate with ethical behaviour?

The Code of Ethics for Professional Accountants is divided into three parts. Which of the following is not one of those parts?

A distinguishing mark of the accountancy profession is its acceptance of the responsibility to act in the public interest. Therefore:

The IFAC Code prohibits the following non-audit service for audit clients:

The Code of Ethics for Professional Accountants Section 290 suggests that independence in assurance services is required because:

Which of the following is not correct about independence of mind?

Which of the following would be considered a self-interest threat?

Which of the following is not a safeguard created by the profession, legislation or regulation?

The compromise or appearance of compromise of independence may arise if:

Ownership of 10 shares of an audit client and ownership by an auditor of a small part of a joint venture in which a secretary at the audit client also owns shares are examples of:

Based on the independence provisions of the Sarbanes–Oxley Act 2002, which of the following is not true about an audit firm's services to audit clients?

Financial involvement with a client will affect independence and may lead a reasonable observer to conclude that independence has been impaired. Which of the following is not a form of financial involvement with a client?

Differences in view of an employee within a company about the correct judgement on accounting or ethical matters should normally be:

‘A professional accountant should not allow bias, conflict of interest or undue influence of others to override professional or business judgments’ is the definition of what ethics principle?

Safeguards for accepting an audit engagement shall be applied to eliminate any threats or reduce them to an acceptable level. Which of the following is not a reasonable safeguard for accepting an audit engagement?

Regarding auditor remuneration, a self-interest threat to professional competence and due care is created if:

To safeguard against a self-interest threat to objectivity, a professional accountant in public practice entrusted with money (or other assets) belonging to others should do all the following except:

The state of mind that permits the expression of a conclusion without being affected by influences that compromise professional judgement, thereby allowing an individual to act with integrity and exercise objectivity and professional scepticism, is called:

If a member of the audit team, a member of that individual’s immediate family, or a firm has a direct financial interest or a material indirect financial interest in the audit client then:

Providing certain non-assurance services to an audit client may create a threat to independence so significant that no safeguards could reduce the threat to an acceptable level. All the following are examples of this type of non-assurance services except:

Which of the following is an example of a role an accountant plays?

Which of the following is the most correct definition of accounting?

Which of the following is considered to be a constraint in accounting?

Which of the following is typically required for entry level positions in the accounting profession?

zusammenhängende Posts

Werbung

NEUESTEN NACHRICHTEN

Werbung

Populer

Werbung

Um

Legal

Hilfe

Sozial